S. 1339 aims to address concerns about money laundering and violations of export controls and sanctions involving Hong Kong. The bill mandates the U.S. Secretary of the Treasury to determine if Hong Kong should be designated as a primary money laundering concern, with a...
Simple Explanation
The bill wants to check if bad people are hiding or moving money secretly in Hong Kong and if there are rules being broken about where things can be sold. It asks important people in the U.S. to study this and report back with their findings.