Taylor Force Martyr Payment Prevention Act of 2023
- Last Action
- 3/7/2023
Actions
- 2023-03-07Referred to the House Committee on Financial Services.
- 2023-03-07Introduced in House
- 2023-03-07Introduced in House
CRS Summary
As of 2023-03-07 (00)
Taylor Force Martyr Payment Prevention Act of 2023
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.
Cosponsors (20)
- Claudia Tenney (R-NY)
- Don Bacon (R-NE)
- Joe Wilson (R-SC)
- David Kustoff (R-TN)
- Randy Weber (R-TX)
- Brian Fitzpatrick (R-PA)
- Juan Vargas (D-CA)
- Chip Roy (R-TX)
- Brian Babin (R-TX)
- Neal Dunn (R-FL)
- Josh Gottheimer (D-NJ)
- Adrian Smith (R-NE)
- Max Miller (R-OH)
- Gus Bilirakis (R-FL)
- Lauren Boebert (R-CO)
- Glenn Grothman (R-WI)
- W. Steube (R-FL)
- Michael Lawler (R-NY)
- William Timmons (R-SC)
- Andrew Ogles (R-TN)
Sourced from Congress.gov (public domain).
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