summary
Introduced
01/31/2024
01/31/2024
In Committee
01/31/2024
01/31/2024
Crossed Over
Passed
Dead
01/03/2025
01/03/2025
Introduced Session
118th 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, in consultation with relevant parties, to review and enhance training and examination procedures to improve the detection of financial transactions related to human trafficking. Additionally, it directs the Interagency Task Force To Monitor and Combat Trafficking to provide 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 evaluating a country's efforts to prevent financial transactions involving the proceeds of human trafficking.
Committee Categories
Business and Industry
Sponsors (5)
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 01/31/2024)
Bill Topics
Banking, Finance, and Domestic Commerce
- ‐ Banking System and Financial Institution Regulation and Reform
International Affairs and Foreign Aid
- ‐ International Law and Agreements
Law, Crime, and Family Issues
- ‐ White Collar Crime and Organized Crime
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.congress.gov/bill/118th-congress/house-bill/7167/all-info | 02/01/2024 |
| BillText | https://www.congress.gov/118/bills/hr7167/BILLS-118hr7167ih.pdf | 02/14/2024 |
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