summary
Introduced
02/07/2019
02/07/2019
In Committee
02/07/2019
02/07/2019
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
116th Congress
Bill Summary
A bill to require the Comptroller General of the United States to carry out a study on how virtual currencies and online marketplaces are used to buy, sell, or facilitate the financing of goods or services associated with sex trafficking or drug trafficking, and for other purposes. This bill directs the Government Accountability Office (GAO) to report on the use of virtual currencies and online marketplaces in sex and drug trafficking. The GAO must study topics including how illicit proceeds are transferred into the U.S. banking system, state and non-state actors that benefit from or participate in such activity, preventative efforts from federal and state agencies, and how to use the unique characteristics of virtual currencies to track illicit activity.
AI Summary
This bill directs the Government Accountability Office (GAO) to conduct a study on how virtual currencies and online marketplaces are used to facilitate sex and drug trafficking. The study will examine topics such as how online platforms and financial payment methods (including virtual currencies) are used in these illicit activities, how the illicit proceeds are laundered into the U.S. banking system, the various state and non-state actors involved, and federal and state efforts to impede these activities. The GAO must submit a report to Congress with the findings and provide recommendations for legislative or regulatory action to improve the government's efforts to address the use of virtual currencies and online marketplaces in sex and drug trafficking.
Committee Categories
Housing and Urban Affairs
Sponsors (2)
Last Action
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (on 02/07/2019)
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/senate-bill/410/all-info |
| BillText | https://www.congress.gov/116/bills/s410/BILLS-116s410is.pdf |
| Bill | https://www.congress.gov/116/bills/s410/BILLS-116s410is.pdf.pdf |
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