Bill > S3496

This bill, the United States Legal Gold and Mining Partnership Act, aims to combat the negative environmental and social impacts of illicit gold mining in the Western Hemisphere by establishing a multi-year strategy. This strategy, to be developed by the Secretary of State in coordination with other federal agencies, will focus on disrupting the links between illegal mining operations and criminal organizations, deterring mining in protected areas, and countering the financing of illicit gold trade through measures like promoting due diligence and responsible sourcing. It also includes provisions for building the capacity of foreign law enforcement to combat related financial crimes and human trafficking, investigating illicit gold trade in Venezuela, leveraging international support, and establishing public-private partnerships to create responsible gold supply chains. The bill explicitly states it does not authorize the use of military force and also amends existing law to consider transactions involving precious metals subject to U.S. sanctions when identifying money laundering concerns.

Government Affairs

https://www.congress.gov/bill/119th-congress/senate-bill/3496/all-info