HR 3231
118th Congress
House
Finance and Financial Sector
Buck Stops Here Act
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 11, 2023
Referred to the House Committee on Financial Services.
May 11, 2023
Introduced in House
Plain-English summary
Buck Stops Here Act
This bill allows the Department of the Treasury to impose restrictions on an entity or activity determined to be of primary money-laundering concern in connection with illicit fentanyl trafficking. 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
Referred to the House Committee on Financial Services.
Committees of jurisdiction
1