billHR221Event Wednesday, January 13, 2021Analyzed

Special Envoy to Monitor and Combat Anti-Semitism Act

Neutral

Summary

The Special Envoy to Monitor and Combat Anti-Semitism Act (HR221) was signed into law on January 13, 2021, elevating the special envoy position to a Senate-confirmed ambassador-rank role. The bill does not authorize or appropriate any funding, nor does it create a direct market impact for any publicly traded company.

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Key Takeaways

  • 1.The bill is a diplomatic reorganization, not a spending or regulatory bill.
  • 2.No funding is authorized or appropriated, so no direct revenue impact for any sector.
  • 3.No publicly traded companies are affected by this legislation.

Market Implications

There are no market implications from this bill. It does not affect any publicly traded company or sector.

Full Analysis

HR221, the Special Envoy to Monitor and Combat Anti-Semitism Act, was signed into law by the President on January 13, 2021, during the 116th Congress. The bill amends the State Department Basic Authorities Act of 1956 to change the appointment process for the Special Envoy for Monitoring and Combating Anti-Semitism from a Secretary of State appointment to a President-appointed, Senate-confirmed position with the rank of ambassador. The bill also requires the Special Envoy to report directly to the Secretary of State and serve as the primary advisor across the U.S. government on monitoring and combating anti-Semitism in foreign countries. No funding is authorized or appropriated by this legislation. The bill passed the House with a vote of 411-1 and was sponsored by Rep. Christopher Smith (R-NJ-4) with 87 cosponsors. There is no direct market impact from this bill as it is a diplomatic and organizational change within the State Department, not a procurement, regulatory, or spending bill. No publicly traded companies are affected by this legislation.

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