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Bill115th CongressFiled Sep 7, 2018Finance and Financial Sector
H.R. 6751

Banking Transparency for Sanctioned Persons Act of 2018

Bill journey · stage 2 of 5

Under committee review

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What it doesSummary passed house amended (Sep 26, 2018)

Banking Transparency for Sanctioned Persons Act of 2018

(Sec. 2) This bill requires the Department of the Treasury to report semiannually on financial services provided to benefit a state sponsor of terrorism or specified sanctioned persons.

(Sec. 3) Treasury may waive these reporting requirements with respect to a foreign financial institution if:

  • the institution credibly assures Treasury that it will cease conducting transactions for such persons, or
  • the waiver is important to the national interest.

What just happenedSep 27, 2018

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

Who’s behind it

Rep. Love, Mia B. [R-UT-4](R-UT)Sponsor
Read on Congress.gov
2committees15actions12subjects
  1. Sep 27, 2018IntroReferral

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

    Banking, Housing, and Urban Affairs Committee
  2. Sep 26, 2018FloorH38310

    Motion to reconsider laid on the table Agreed to without objection.

  3. Sep 26, 2018FloorH37300

    On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H9065-9066)

  4. Sep 26, 2018Floor8000

    Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.(text: CR H9065-9066)

  5. Sep 26, 2018FloorH8D000

    DEBATE - The House proceeded with forty minutes of debate on H.R. 6751.

  6. Sep 26, 2018FloorH30000

    Considered under suspension of the rules. (consideration: CR H9065-9067)

  7. Sep 26, 2018FloorH30300

    Mr. Tipton moved to suspend the rules and pass the bill, as amended.

  8. Sep 26, 2018CalendarsH12410

    Placed on the Union Calendar, Calendar No. 767.

  9. Sep 26, 2018CommitteeH12200

    Reported (Amended) by the Committee on Financial Services. H. Rept. 115-982.

    Financial Services Committee
  10. Sep 26, 2018Committee5000

    Reported (Amended) by the Committee on Financial Services. H. Rept. 115-982.

    Financial Services Committee
  11. Sep 13, 2018Committee

    Ordered to be Reported (Amended) by the Yeas and Nays: 48 - 0.

    Financial Services Committee
  12. Sep 13, 2018Committee

    Committee Consideration and Mark-up Session Held.

    Financial Services Committee
  13. Sep 7, 2018IntroReferralH11100

    Referred to the House Committee on Financial Services.

    Financial Services Committee
  14. Sep 7, 2018IntroReferralIntro-H

    Introduced in House

  15. Sep 7, 2018IntroReferral1000

    Introduced in House

Passed House amendedSep 26, 201836

Banking Transparency for Sanctioned Persons Act of 2018

(Sec. 2) This bill requires the Department of the Treasury to report semiannually on financial services provided to benefit a state sponsor of terrorism or specified sanctioned persons.

(Sec. 3) Treasury may waive these reporting requirements with respect to a foreign financial institution if:

  • the institution credibly assures Treasury that it will cease conducting transactions for such persons, or
  • the waiver is important to the national interest.
Introduced in HouseSep 7, 2018

Banking Transparency for Sanctioned Persons Act of 2018

This bill requires the Department of the Treasury to report semiannually on financial services provided to benefit a state sponsor of terrorism or specified sanctioned persons.

Banking Transparency for Sanctioned Persons Act of 2018 — Informed