SEPAM Act of 2024

[AI summary unavailable — showing source text] [Congressional Bills 118th Congress] [From the U.S. Government Publishing Office] [S. 4858 Introduced in Senate (IS)] <DOC> 118th CONGRESS 2d Session S. 4858 To require the imposition of sanctions with respect to financial institutions of countries of concern that clear, verify, or settle transactions with other financial institutions of such countries. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES July 30, 2024 Mr. Rubio introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs _______________________________________________________________________ A BILL To require the imposition of sanctions with respect to financial institutions of countries of concern that clear, verify, or settle transactions with other financial institutions of such countries. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Sanctions Evasion Prevention And Mitigation Act of 2024'' or the ``SEPAM Act of 2024''. SEC. 2. IMPOSITION OF SANCTIONS WITH RESPECT TO CERTAI…