HR 1037 · 116th Congress · Finance and Financial Sector
Banking Transparency for Sanctioned Persons Act of 2019
Bill Progress
✓
Introduced✓
Committee✓
House Vote4
Senate5
EnactedLatest: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.(2019-05-15)
Plain Language Summary
[AI summary unavailable — showing source text]
Banking Transparency for Sanctioned Persons Act of 2019 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. 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.…
Summarized by Claude AI · Non-partisan · For informational purposes only