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HR 6511 117th Congress House Finance and Financial Sector

No Bank Accounts for Terrorists Act

Introduced: January 28, 2022 Introduced by: Auchincloss, Jake Democratic · Massachusetts See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 28, 2022
Referred to the House Committee on Financial Services.
Jan 28, 2022
Introduced in House
 Plain-English summary Congressional Research Service

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.

What's happening now January 28, 2022

Referred to the House Committee on Financial Services.

 Committees of jurisdiction 1