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US HR808

US HR808
End Banking for Human Traffickers Act of 2021


summary

Introduced
02/04/2021
In Committee
02/04/2021
Crossed Over
Passed
Dead
01/03/2023

Introduced Session

117th Congress

Bill Summary

A BILL To increase the role of the financial industry in combating human trafficking.

AI Summary

This bill aims to increase the role of the financial industry in combating human trafficking. It requires the Financial Institutions Examination Council to review and enhance training and examination procedures to improve the detection of financial transactions related to human trafficking. The Interagency Task Force To Monitor and Combat Trafficking is tasked with analyzing anti-money laundering efforts and providing recommendations to strengthen efforts against money laundering related to human trafficking. The bill also amends the Trafficking Victims Protection Act to include a new minimum standard for countries to have a framework to prevent financial transactions involving the proceeds of human trafficking.

Committee Categories

Business and Industry

Sponsors (10)

Last Action

Referred to the Committee on Financial Services, and in addition to the Committee on Foreign Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. (on 02/04/2021)

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