HR 7824 · 117th Congress · Finance and Financial Sector

Taylor Force Martyr Payment Prevention Act of 2022

Introduced 2022-05-18· Sponsored by Rep. Lamborn, Doug [R-CO-5]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Financial Services.(2022-05-18)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (20)

2 Democrats18 Republicans