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Bill > HR6511


US HR6511

US HR6511
No Bank Accounts for Terrorists Act


summary

Introduced
01/28/2022
In Committee
01/28/2022
Crossed Over
Passed
Dead
01/03/2023

Introduced Session

117th Congress

Bill Summary

A BILL To direct the Secretary of the Treasury to determine if there are reasonable grounds to conclude that there is a primary money laundering concern in connection with Afghan illicit finance, and for other purposes.

AI Summary

This bill directs the Secretary of the Treasury to determine if there are reasonable grounds to conclude that there is a primary money laundering concern in connection with Afghan illicit finance. If the Secretary makes such a determination, the bill authorizes the Secretary to require domestic financial institutions and agencies to take special measures or prohibit/impose conditions on certain fund transmittals involving such institutions, transactions, or accounts. The bill also requires the Secretary to submit a report identifying additional regulations, statutory changes, and requirements necessary to better combat money laundering linked to Afghanistan, and encourages international cooperation in this effort.

Committee Categories

Business and Industry

Sponsors (1)

Last Action

Referred to the House Committee on Financial Services. (on 01/28/2022)

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