Fitzpatrick Terror Financing Amendment Strengthens Intelligence Bill

WASHINGTON, D.C. — Chairman Mike Fitzpatrick (PA-8) and Congresswoman Kyrsten Sinema (AZ-9) successfully added an amendment strengthening the Intelligence Community’s response to terror financing to the Intelligence Authorization Act for FY 2016 [H.R. 2596] which passed the House Tuesday.

The amendment requires the Director of National Intelligence to report to Congress on the “strategy, efforts, and resources of the Intelligence Community that are necessary to detect, deter, and degrade the revenue mechanisms of the Islamic State.” It also expresses the sense of Congress that the “Intelligence Community should dedicate necessary resources to defeating the revenue mechanisms” of terror groups.

“The terror threat faced by our nation and our Intelligence Community is more diverse and sophisticated than ever before,” said Fitzpatrick. “This amendment is important to ensure each level of our government — from Congress to the Intelligence Community — has identified the problem, as well as potential weaknesses, and is ready to address the threats we face. By expressing the sense of Congress that our intelligence agencies must dedicate resources to eradicate terror revenue mechanisms, as well report to relevant committees on their strategies, this addition strengthens the underlying bill and congressional understanding of our global response to terrorism.”

“The Islamic State is one of the world’s most violent and dangerous terrorist groups,” said Sinema. “The breadth of this terrorist organization’s funding sources represents a serious challenge to our national security. To defeat ISIL and protect our country, we must cut off the Islamic State’s diverse and substantial sources of revenue. This amendment ensures the Intelligence Community has the strategy and resources needed for success.”

Fitzpatrick and Sinema are both members of the bipartisan Task Force to Investigate Terrorism Financing which is charged with reviewing U.S. response to terror financing and self-funding and will report to the Committee on Financial Services on its findings, including the possible need for new legislation.

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