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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

Bill 118 hr 9495, also known as the Stop Terror-Financing and Tax Penalties on American Hostages Act, is a piece of legislation introduced in the US Congress with the aim of addressing the issue of terror-financing and providing relief to American hostages and their families.

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

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Current Status of Bill HR 9495

Bill HR 9495 is currently in the status of Introduced to Senate since December 2, 2024. Bill HR 9495 was introduced during Congress 118 and was introduced to the House on September 9, 2024.  Bill HR 9495's most recent activity was Received in the Senate. as of December 2, 2024

Bipartisan Support of Bill HR 9495

Total Number of Sponsors
17
Democrat Sponsors
0
Republican Sponsors
17
Unaffiliated Sponsors
0
Total Number of Cosponsors
4
Democrat Cosponsors
2
Republican Cosponsors
2
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 9495

Primary Policy Focus

Taxation

Alternate Title(s) of Bill HR 9495

Stop Terror-Financing and Tax Penalties on American Hostages Act
Stop Terror-Financing and Tax Penalties on American Hostages Act
Stop Terror-Financing and Tax Penalties on American Hostages Act
To amend the Internal Revenue Code of 1986 to postpone tax deadlines and reimburse paid late fees for United States nationals who are unlawfully or wrongfully detained or held hostage abroad, to terminate the tax-exempt status of terrorist supporting organizations, and for other purposes.

Comments

Aliza Cameron profile image

Aliza Cameron

830

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 profile image

Ivy Oakley

819

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 profile image

Anais Garner

758

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 profile image

Aylin Hanna

811

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 profile image

Mariam MacDonald

795

1 year ago

This bill is so unfair! Why do they want to tax us hostages? What's the deal with that?

Stephen Hu profile image

Stephen Hu

889

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 profile image

Messiah Pierce

836

1 year ago

This bill sounds bad for us regular folks. Hope they figure it out soon.

Thomas Pridgen profile image

Thomas Pridgen

855

1 year ago

This bill will help stop terror-financing and protect American hostages. It's a step in the right direction.

Nola Robertson profile image

Nola Robertson

882

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 profile image

Roselyn Browning

850

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.

Sponsors and Cosponsors of HR 9495

Claudia Tenney
Claudia Tenney
New YorkRepublican
Dina Titus
Dina Titus
NevadaDemocrat
Bradley Scott Schneider
Bradley Scott Schneider
IllinoisDemocrat
Nicole Malliotakis
Nicole Malliotakis
New YorkRepublican
David Kustoff
David Kustoff
TennesseeRepublican

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