HR 7167 · 118th Congress · Finance and Financial Sector
End Banking for Human Traffickers Act of 2024
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the Committee on Financial Services, and in addition to the Committee on Foreign Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.(2024-01-31)
Plain Language Summary
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End Banking for Human Traffickers Act of 2024 This bill establishes requirements for finance and banking entities to detect and prevent human trafficking. The Financial Institutions Examination Council must review procedures to improve the capability of specified programs to target financial transactions relating to severe forms of human trafficking. The Interagency Task Force to Monitor and Combat Trafficking must submit to Congress recommendations for the revision of anti-money laundering programs specifically targeting severe forms of human trafficking. The bill provides additional criteria to be considered by the Department of State to indicate a foreign country's serious and sustained efforts to eliminate human trafficking for purposes of certain foreign assistance. Specifically, the bill adds criteria regarding whether a foreign country has taken or is taking steps to implement a framework for preventing financial transactions involving severe forms of human trafficking.…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (4)
3 Democrats1 Republican