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WASHINGTON – Following the release of the 9-11 Commission report, House Financial Services Committee Chairman Mike Oxley (R-Ohio) has scheduled a hearing to find ways to bolster terrorist financing prevention. The chairman announced last week that the full committee would be holding a hearing, “The 9/11 commission Report: Identifying and Preventing Terrorist Financing,” on August 23. “Money is the fuel for terror, stopping the money will require the cooperative efforts of all of our agencies, departments, bureaus, allies, and financial institutions that function in the world economy,” Oxley said. “We are dedicated to the essential task of starving the terrorists of the funds needed to commit their acts of evil.” After the Sept. 11 attacks, lawmakers focused on preventing future attacks, including disrupting the flow of funding. In response, Congress drafted the USA PATRIOT Act, which was signed into law Oct. 26, 2001.

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