HR 6343
117th Congress
House
Finance and Financial Sector
Banking and financial institutions regulation
Business records
Civil actions and liability
Europe
Foreign and international banking
Fraud offenses and financial crimes
Freedom of information
Government information and archives
Intelligence activities, surveillance, classified information
Judicial review and appeals
Russia
Sanctions
Illicit Finance Improvements Act
Introduced: December 23, 2021
Introduced by:
Lynch, Stephen F.
Democratic
· Massachusetts
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 23, 2021
Referred to the House Committee on Financial Services.
Dec 23, 2021
Introduced in House
Plain-English summary
Illicit Finance Improvements Act
This bill establishes procedures, sets forth penalties, and allows for injunctive relief related to a determination that a financial institution or type of account is of primary money laundering concern in connection with Russian illicit finance.
The bill also revises the permitted meeting subjects of Treasury's supervisory team on cooperation between the public and private sectors for purposes of countering illicit finance to include advising on strategies to counter sanctions evasion.
What's happening now
Referred to the House Committee on Financial Services.
Committees of jurisdiction
1