Taylor Force Martyr Payment Prevention Act of 2021
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in senate (Dec 6, 2021)
Taylor Force Martyr Payment Prevention Act of 2021
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.
What just happenedDec 6, 2021
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Who’s behind it
- Introduced in SenateDec 6, 2021
- Dec 6, 2021IntroReferral
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Banking, Housing, and Urban Affairs Committee - Dec 6, 2021IntroReferral10000
Introduced in Senate