summary
Introduced
01/08/2019
01/08/2019
In Committee
03/07/2019
03/07/2019
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
116th Congress
Bill Summary
To increase the role of the financial industry in combating human trafficking. This bill establishes requirements related to the use of financial transactions in human trafficking. The bill adds the Secretary of the Treasury as a member of the President's Interagency Task Force to Monitor and Combat Trafficking. The task force must submit to Congress recommendations for the revision of anti-money laundering programs specifically targeting severe forms of human trafficking. The Federal Financial Institutions Examination Council must review procedures to improve the capability of specified programs to target financial transactions relating to severe forms of human trafficking. The Office of Terrorism and Financial Intelligence must coordinate with other specified agencies to combat the illicit financing relating to severe forms of human trafficking. The bill provides additional criteria to be considered by the State Department to indicate a country's serious and sustained efforts to eliminate human trafficking. Specifically, the bill adds criteria regarding whether a country has taken or is taking steps to implement a framework for preventing financial transactions involving severe forms of human trafficking.
AI Summary
This bill aims to increase the role of the financial industry in combating human trafficking. It establishes several key provisions:
1. It adds the Secretary of the Treasury as a member of the President's Interagency Task Force to Monitor and Combat Trafficking, which must submit recommendations to Congress for revising anti-money laundering programs to target human trafficking.
2. It requires the Federal Financial Institutions Examination Council to review and enhance procedures for detecting and reporting financial transactions related to human trafficking.
3. It directs the Office of Terrorism and Financial Intelligence to coordinate efforts with other agencies to combat the illicit financing of human trafficking.
4. It adds a new criterion to the Trafficking Victims Protection Act's minimum standards for the elimination of trafficking, which considers whether a country has a framework in place to prevent financial transactions involving the proceeds of human trafficking.
The bill aims to leverage the financial sector's capabilities to better identify, disrupt, and deter the financial activities that enable and sustain human trafficking.
Committee Categories
Military Affairs and Security
Sponsors (24)
Brian Fitzpatrick (R)*,
David Cicilline (D),
Dan Crenshaw (R),
John Curtis (R),
Jenniffer González (R),
Bill Keating (D),
Carolyn Maloney (D),
Brian Mast (R),
Michael McCaul (R),
Gregory Meeks (D),
Joe Neguse (D),
Ilhan Omar (D),
Scott Perry (R),
Dean Phillips (D),
Guy Reschenthaler (R),
Francis Rooney (R),
F. James Sensenbrenner (R),
Brad Sherman (D),
Albio Sires (D),
Abigail Spanberger (D),
Randy Weber (R),
Joe Wilson (R),
Ron Wright (R),
Ted Yoho (R),
Last Action
Committee Agreed to Seek Consideration Under Suspension of the Rules,. (on 03/07/2019)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/116th-congress/house-bill/295/all-info |
| BillText | https://www.congress.gov/116/bills/hr295/BILLS-116hr295ih.pdf |
| Bill | https://www.congress.gov/116/bills/hr295/BILLS-116hr295ih.pdf.pdf |
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