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S 3603 118th Congress Senate Finance and Financial Sector

Preventing Illicit Finance Through Partnership Act of 2024

Introduced: January 17, 2024 Introduced by: Hagerty, Bill Republican · Tennessee See on congress.gov
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This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) 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
Jan 17, 2024
Read twice and referred to the Committee on the Judiciary.
Jan 17, 2024
Introduced in Senate
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 Plain-English summary Congressional Research Service

Preventing Illicit Finance Through Partnership Act of 2024

This bill establishes a pilot program to facilitate information sharing between federal entities and private sector entities regarding illicit finance (i.e., financial transactions involving the proceeds of unlawful activity as specified by the bill).

Specifically, the Department of Justice (DOJ) must establish a pilot program for information sharing between the private sector and the DOJ, the Financial Crimes Enforcement Network (FinCEN), and the Department of Homeland Security (DHS) about potential violations, threats, and risks regarding illicit finance.

The DOJ, in consultation with FinCEN and DHS, must designate private sector entities in the money service business and in the crypto asset industry to participate in the pilot program. Additionally, one or more information sharing and analysis centers may also be selected to participate in the pilot program. Participation in the pilot program is voluntary.

The bill limits the liability of designated private sector entities in the context of sharing or disclosing information under this bill.

What's happening now January 17, 2024

Read twice and referred to the Committee on the Judiciary.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1
R
Lummis, Cynthia M.
Wyoming · Jan 17, 2024
Cite this page click to expand
APA
U.S. Congress. (2026). S. 3603: Preventing Illicit Finance Through Partnership Act of 2024. 118th Congress. Open America. https://openamerica.io/bill/118-S-3603/
MLA
"S. 3603: Preventing Illicit Finance Through Partnership Act of 2024." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-S-3603/.
Bluebook (legal)
S. 3603, 118th Cong. (2026), https://openamerica.io/bill/118-S-3603/.
Markdown link
[S. 3603: Preventing Illicit Finance Through Partnership Act of 2024](https://openamerica.io/bill/118-S-3603/)
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