No Bank Accounts for Terrorists Act
117-HR-6511117th CongressIntroduced Jan 28, 2022Finance and Financial Sector
Market Probability
No market
Status
Introduced
Committee
Floor Vote
Other Chamber
Signed
Referred to the House Committee on Financial Services.
Sponsor
Rep. Auchincloss, Jake [D-MA-4](D-MA-4)Summary
No Bank Accounts for Terrorists Act
This bill allows the Department of the Treasury to impose restrictions regarding an entity or activity determined to be of primary money-laundering concern in connection with illicit finance in Afghanistan. Specifically, if Treasury determines that a foreign financial institution, class of transaction, or type of account is of such concern, Treasury may (1) require domestic financial institutions and agencies to take special measures, such as reporting certain financial transactions involving that entity or activity; or (2) prohibit, or impose certain conditions upon, the transmittal of funds involving any domestic financial institution or agency and that entity or activity.
Actions (3)
Referred to the House Committee on Financial Services.
Jan 28, 2022House floor actions
Introduced in House
Jan 28, 2022Library of Congress
Introduced in House
Jan 28, 2022Library of Congress