Taylor Force Martyr Payment Prevention Act of 2022
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (May 18, 2022)
Taylor Force Martyr Payment Prevention Act of 2022
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 happenedMay 18, 2022
Referred to the House Committee on Financial Services.
Who’s behind it
- Introduced in HouseMay 18, 2022
- May 18, 2022IntroReferralH11100
Referred to the House Committee on Financial Services.
Financial Services Committee - May 18, 2022IntroReferralIntro-H
Introduced in House
- May 18, 2022IntroReferral1000
Introduced in House