United States Congress
Stop Terror-Financing and Tax Penalties on American Hostages Act
September 9, 2024
Summary
This congressional bill (H.R. 9495) amends the Internal Revenue Code to terminate the tax-exempt status of organizations that support terrorism and to postpone tax deadlines and refund penalties for U.S. nationals unlawfully detained or held hostage abroad. It does not impose new obligations on mortgage lenders, brokers, or servicers, and has no direct effect on mortgage origination, servicing, or compliance practices.
AI-generated summary · Sep 22, 2026. Verify with your compliance counsel before acting.
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Source: https://www.congress.gov/bill/118th-congress/hr-bill/9495
Common questions
- What does "Stop Terror-Financing and Tax Penalties on American Hostages Act" cover?
- This congressional bill (H.R. 9495) amends the Internal Revenue Code to terminate the tax-exempt status of organizations that support terrorism and to…
- Which agency issued this update?
- This update was issued by United States Congress.
- When was it published?
- It was published on September 9, 2024.