Introduced New Legislation: The STORM Act

Washington, DC

Senator Casey introduced a new bill with Senator Johnny Isakson of Georgia. The bill would provide the President additional leverage to penalize foreign governments failing to shut down terrorist financiers and facilitators. The Stop Terrorists Operational Resources and Money (STORM) Act would authorize the President to designate a country that is not doing enough on terrorism financing as a “Jurisdiction of Terrorism Financing Concern.” This designation triggers a menu of penalties or requires that the country enter into a capacity building agreement with the U.S. Government to improve their ability to end terrorist financing.