Taylor Force Martyr Payment Prevention Act of 2023
- Last Action
- 3/7/2023
Actions
- 2023-03-07Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S671-672)
- 2023-03-07Introduced in Senate
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 (19)
- Marsha Blackburn (R-TN)
- Mike Braun (R-IN)
- Kevin Cramer (R-ND)
- Ted Cruz (R-TX)
- Steve Daines (R-MT)
- Lindsey Graham (R-SC)
- Chuck Grassley (R-IA)
- Bill Hagerty (R-TN)
- John Hoeven (R-ND)
- Cindy Hyde-Smith (R-MS)
- James Lankford (R-OK)
- Roger Marshall (R-KS)
- Marco Rubio (R-FL)
- Rick Scott (R-FL)
- John Thune (R-SD)
- Roger Wicker (R-MS)
- Todd Young (R-IN)
- Ted Budd (R-NC)
- Shelley Capito (R-WV)
Sourced from Congress.gov (public domain).
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