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Stop Terror-Financing and Tax Penalties on American Hostages Act
12/16/2024, 8:43 PM
Summary of Bill HR 9495
The main objective of this bill is to prevent terrorist organizations from receiving financial support by imposing stricter penalties on individuals or entities found to be financing terrorism. This includes increasing the resources and capabilities of law enforcement agencies to track and prosecute those involved in terror-financing activities.
Additionally, the bill seeks to provide tax relief to American hostages and their families who may face financial burdens as a result of their captivity. This includes exempting them from certain tax penalties and providing them with financial assistance to help cover any expenses incurred during their ordeal. Overall, the Stop Terror-Financing and Tax Penalties on American Hostages Act aims to strengthen national security efforts by targeting the sources of funding for terrorist organizations, while also providing support to American hostages and their families during difficult times.
Congressional Summary of HR 9495
Stop Terror-Financing and Tax Penalties on American Hostages Act
This bill postpones certain tax filing deadlines for U.S. nationals and their spouses who are unlawfully or wrongfully detained abroad or held hostage abroad. It also allows for a refund and abatement of tax penalties and fines paid by detained individuals.
The bill terminates the tax-exempt status of terrorist supporting organizations.
Read the Full Bill
Current Status of Bill HR 9495
Bipartisan Support of Bill HR 9495
Total Number of Sponsors
17Democrat Sponsors
0Republican Sponsors
17Unaffiliated Sponsors
0Total Number of Cosponsors
4Democrat Cosponsors
2Republican Cosponsors
2Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 9495
Primary Policy Focus
TaxationAlternate Title(s) of Bill HR 9495
Comments
Aliza Cameron
1 year ago
I dunno bout this bill, but it seems like it could mess things up for me. Short term affects might not be good.
Ivy Oakley
1 year ago
Finally, something that might actually help us out a bit. Can't wait to see how this one plays out!
Anais Garner
1 year ago
I am thrilled about this new bill that will help stop terror-financing and tax penalties on American hostages. It's about time we take action to protect our citizens and ensure their safety. This bill will have a positive impact on our country and make a difference in the lives of those who have been affected by these terrible crimes. I can't wait to see the short term affects of this bill and how it will benefit our nation.
Aylin Hanna
1 year ago
I heard about this new bill that's supposed to stop terror-financing and tax penalties on American hostages. How will this affect us in the short term?
Mariam MacDonald
1 year ago
This bill is so unfair! Why do they want to tax us hostages? What's the deal with that?
Stephen Hu
1 year ago
I think this bill is good idea. It will help stop terror-financing and protect American hostages. But how will this affect me in the short term?
Messiah Pierce
1 year ago
This bill sounds bad for us regular folks. Hope they figure it out soon.
Thomas Pridgen
1 year ago
This bill will help stop terror-financing and protect American hostages. It's a step in the right direction.
Nola Robertson
1 year ago
I can't believe this bill is actually being considered. It's like they want to make it harder for American hostages to come home safely. How is this going to help anyone? Who is really affected by this bill?
Roselyn Browning
1 year ago
I'm not entirely sure what this bill is all about, but if it helps stop terror-financing and protects American hostages, then I guess it's a good thing. Hopefully, it will have a positive impact in the long run.
