The Hamas and Palestinian Islamic Jihad International Terrorism Support Prevention Act of 2024 outlines the short title and table of contents of the Act. It includes sections on defining terms, the statement of policy, the imposition of sanctions on foreign entities supporting specified terrorist groups, reporting requirements on the disruption of fundraising activities, miscellaneous provisions, and determining the budgetary effects of the Act.

This section defines various terms used in the Act, such as "admitted," which references a specific immigration law, "agency or instrumentality of a foreign state," which aligns with a legal code, and "appropriate congressional committees," referring to specific Senate and House committees. It also explains "foreign person," "material support," "person," and "United States person," providing criteria for each, like citizenship status or legal organization under U.S. laws.

The policy of the United States is to prevent groups like Hamas and the Palestinian Islamic Jihad from accessing international support networks, to oppose their attempts to use goods to smuggle weapons, and to hold them responsible for their attack on Israel on October 7, 2023.

The section mandates that the President must impose sanctions on foreign persons and entities that support Hamas or related terrorist groups within 180 days of the Act's enactment. It outlines specific penalties and exceptions, and allows the President to waive sanctions if it serves the national security interests of the United States, with conditions for reporting to Congress.

The section outlines sanctions imposed by the U.S. government on foreign governments that support terrorist activities tied to groups like Hamas and the Palestinian Islamic Jihad. It explains how the President is required to identify such governments and impose various sanctions, including the suspension of assistance, blocking of financial transactions, and restrictions on exports. There are exceptions for military use and humanitarian activities, and the President may waive sanctions if it's in the national security interest, with conditions for reporting and renewal.

The text outlines a requirement for the President to submit a report to Congress, within 180 days, detailing which countries support or facilitate financial activities for groups like Hamas or the Palestinian Islamic Jihad. The report should assess the efforts of these countries to freeze assets or disrupt activities and describe U.S. measures to encourage better actions if needed. It also requires a briefing on these activities every six months for three years and specifies which congressional committees should receive this information.

The miscellaneous provisions section outlines that the Act does not interfere with U.S. intelligence activities or prevent assistance to Palestinians if it complies with other laws. It grants the President the authority to establish necessary regulations within 180 days and specifies exceptions for sanctions related to goods importation and approved humanitarian aid. The Act will end either when specific Palestinian groups are no longer deemed terrorist organizations and meet certain criteria or three years after its enactment.

The budgetary effects of the bill will be determined based on the "Budgetary Effects of PAYGO Legislation" statement, as long as this statement is submitted by the Senate Budget Committee Chairman before the vote on the bill. This is to ensure compliance with the Statutory Pay-As-You-Go-Act of 2010.

The Hamas and Palestinian Islamic Jihad International Terrorism Support Prevention Act of 2024 outlines the actions necessary to combat support for Hamas and the Palestinian Islamic Jihad. It includes provisions for imposing sanctions on individuals, agencies, and foreign governments that assist these organizations, as well as measures to address cyber threats and reinforce sanctions enforcement efforts.

In this section of the Act, several terms are defined to clarify their meaning, including "alien," "foreign person," and "United States person." Additionally, it explains what organizations like "Hamas" and "Palestine Islamic Jihad" refer to, and what it means to act "knowingly" in this context. Each term is tied to specific existing laws or recognized lists to carry specific legal meanings.

The section outlines the U.S. policy to prevent groups like Hamas and the Palestinian Islamic Jihad from using international networks and trade to support terrorism. It also supports Israel's security, opposes displacement of Palestinians, and aims to hold these groups accountable for attacks, particularly the one on October 7, 2023.

The section requires the President to impose sanctions on foreign individuals or groups that financially or materially support Hamas or the Palestinian Islamic Jihad, or conduct significant transactions with them. The President has the power to block property transactions and restrict exports but can waive these sanctions if it's in the national interest or if the foreign party stops the activities leading to the sanctions.

The section outlines sanctions against foreign governments that support terrorism linked to Hamas and the Palestinian Islamic Jihad, requiring the President to report every 180 days on such activities and impose sanctions including halting U.S. assistance and opposing financial aid. The President can waive or terminate these sanctions based on national security interests or if the foreign government ceases its support, with the section ending either two years after the law's enactment or when specific conditions regarding terrorist designations are met.

The section requires the President to report to Congress on which foreign countries support or are involved with Hamas, the Palestinian Islamic Jihad, or their affiliates by providing financial aid or facilitating their financial activities, and whether these countries are taking action to stop such activities. It also mandates regular briefings for Congress on these issues over the next three years, with the information primarily being shared in an unclassified format.

The section modifies and extends the Sanctioning the Use of Civilians as Defenseless Shields Act by updating criteria for sanctioning individuals associated with the Palestine Islamic Jihad and outlining the responsibilities of the President in determining and justifying sanctions. It also updates the Act's definition of "Palestine Islamic Jihad" and extends the expiration date of the Act to December 31, 2030.

The section allows the President to impose sanctions on foreign individuals involved in serious cyber activities threatening U.S. security or economy. Sanctions can include bans on entering the U.S. and blocking property within the U.S., and the President must report to Congress on actions taken against such individuals.

The section mandates that the President impose sanctions on foreign individuals who threaten or harm current or former U.S. officials. These sanctions include denying entry to the U.S. and freezing assets. The President can waive or terminate these sanctions under specific conditions, and the requirement to impose them ends four years after the law's enactment.

The section outlines Congress's view that sanctions are essential tools for foreign policy and security, and emphasizes that the Department of State should be well-staffed and equipped to implement them effectively. It calls for modernizing resources, increasing dedicated personnel, and reports on progress, with a budget appropriation of $15 million for fiscal year 2025 to support these initiatives.

The section requires the U.S. Secretary of State to work with the Secretary of the Treasury and other experts to submit a report to Congress within 90 days. This report will assess the impact of U.S. sanctions on Iran, focusing on Iran's activities, key Iranian officials, civil society operations, internet freedom, the standard of living in Iran, and the growing unofficial economies tied to Iranian regime officials.

The miscellaneous provisions in this section clarify that nothing in the Act should prevent the U.S. President from helping Palestinians or using existing legal powers like waivers and exemptions. It also allows the President to set necessary regulations, and outlines exceptions where sanctions won't apply, such as certain intelligence activities, complying with international laws, importing goods, and humanitarian transactions involving food, medicine, or medical devices. A report on these exceptions must also be submitted to Congress annually.