Congressman Mike Fitzpatrick has announced that he was selected to be the Chairman of a task force investigating terrorist financing, which will be formally created via a resolution from the Financial Services Committee next week.

“As the United States pushes back against the tide of terror and extremism that is the enemy of freedom and peace everywhere, it must do so with every tool available – including within the financial system,” stated Rep. Fitzpatrick.

“It is my hope that this new task force will encourage and produce true bipartisan measures to devastate and disrupt the ability of terror groups to finance and fund their warped ideologies.”

“Fighting the financial war against terror demands constant innovation and vigilance. The Task Force to Investigate Terrorist Financing will examine what, if any, changes are needed to upgrade and improve our nation’s ability to starve terrorists of the money they need to carry out their attacks,” said House Financial Services Committee Chairman Jeb Hensarling, explaining the objective of the task force.

As per House rules, such a body can last no longer than six months. As a result, the task force to investigate terrorist financing will complete its work by the end of September.