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S 3318 117th Congress Senate Finance and Financial Sector

Taylor Force Martyr Payment Prevention Act of 2021

Introduced: December 6, 2021 Introduced by: Cotton, Tom Republican · Arkansas See on congress.gov
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 6, 2021
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Dec 6, 2021
Introduced in Senate
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 Plain-English summary Congressional Research Service

Taylor Force Martyr Payment Prevention Act of 2021

This bill expands the institutional factors the Department of the Treasury must consider when making a finding that a foreign financial institution is of primary money laundering concern and is therefore subject to special measures, including the prohibition of opening or maintaining correspondent accounts in U.S financial institutions. Specifically, Treasury must consider (1) the extent to which an institution knowingly provides financial services to Hamas, or to an agent of Hamas; and (2) the extent to which an institution, transaction, or type of account is used to facilitate or promote payments for certain acts of terrorism against U.S. and Israeli citizens.

What's happening now December 6, 2021

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

 Related & companion bills 1
  • HR 7824 Related bill Taylor Force Martyr Payment Prevention Act of 2022
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 15
All 15 Republican 14
R
Lankford, James
Oklahoma · Jun 14, 2022
 R
Scott, Tim
South Carolina · May 16, 2022
 R
Thune, John
South Dakota · Jan 12, 2022
 R
Hoeven, John
North Dakota · Jan 10, 2022
 R
Hyde-Smith, Cindy
Mississippi · Dec 16, 2021
 R
Blackburn, Marsha
Tennessee · Dec 6, 2021
Blunt, Roy
· Dec 6, 2021
 R
Cramer, Kevin
North Dakota · Dec 6, 2021
 R
Cruz, Ted
Texas · Dec 6, 2021
 R
Daines, Steve
Montana · Dec 6, 2021
 R
Graham, Lindsey
South Carolina · Dec 6, 2021
 R
Hagerty, Bill
Tennessee · Dec 6, 2021
 R
Marshall, Roger
Kansas · Dec 6, 2021
 R
Scott, Rick
Florida · Dec 6, 2021
 R
Young, Todd
Indiana · Dec 6, 2021
Cite this page click to expand
APA
U.S. Congress. (2026). S. 3318: Taylor Force Martyr Payment Prevention Act of 2021. 117th Congress. Open America. https://openamerica.io/bill/117-S-3318/
MLA
"S. 3318: Taylor Force Martyr Payment Prevention Act of 2021." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-S-3318/.
Bluebook (legal)
S. 3318, 117th Cong. (2026), https://openamerica.io/bill/117-S-3318/.
Markdown link
[S. 3318: Taylor Force Martyr Payment Prevention Act of 2021](https://openamerica.io/bill/117-S-3318/)
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