Congressman Budd has first bill signed into law

Congressman Budd has first bill signed into law

SALISBURY, NC (WBTV) - Ted Budd (R-NC 13) had his first bill signed into law last week.

The bipartisan terrorism bill passed the House and Senate last week with overwhelming support as part of a larger sanctions package targeting Russia, Iran and North Korea.  

"I'm grateful for the president's decision to sign this important legislation, which includes my bill ordering the Secretary of the Treasury to create a national strategy to counter terrorist financing networks.  Former President Bush was right when he declared that "money is the lifeblood of terrorist operations."  My bill represents a significant step towards an effective, sustained national strategy to attack the funding that makes terrorism possible.  It is critical that we continue to maximize cooperation among federal departments to keep our policies ahead of the evolving threat from ISIS, Al-Shabaab, Al-Qaeda, and other terrorist groups."

The bill will coordinate federal agencies to prevent the banking system from being used illicitly to fund terrorist groups. Included in the bill are reviews of enforcement efforts, relevant regulations and pertinent provisions of law.

The government would provide assistance to banks to help identify and stop illicit terrorist funding. The work would include identifying ways terrorist funding is promoted through the internet and digital networks.

Budd's legislation encourages efforts with other countries to stop terrorist group financing.

The bill was co-sponsored by Rep. Kyrsten Sinema, D-Arizona and was signed into law by President Trump on Wednesday.

Budd was elected in 2016 and took office on January 3, 2017.  The 13th district includes part of Rowan County.

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