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Remittances and Money Laundering Risk Assessment Act of 2019

Introduced: July 17, 2019 Introduced by: Cornyn, John Republican · Texas See on congress.gov
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 17, 2019
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Jul 17, 2019
Introduced in Senate
 Plain-English summary Congressional Research Service

Remittances and Money Laundering Risk Assessment Act of 2019

This bill requires the Department of the Treasury to assess and develop a strategy to prevent the use of remittances by certain individuals and crime syndicates for purposes of financing terrorism, narcotics trafficking, human trafficking, money laundering, and other forms of illicit financing. (Remittances are transfers of money and capital sent by migrants and foreign immigrant communities to their home countries.)

What's happening now July 17, 2019

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

 Committees of jurisdiction 1