Search Results for keywords:"illicit finance"

Search Results: keywords:"illicit finance"

H. R. 1076 — An Act To require the Comptroller General of the United States to carry out a study on the trafficking into the United States of synthetic drugs, and related illicit finance, and for other purposes.
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July 25, 2024
Status:Enrolled Bill
Congress:118
Words:901
H.R. 1076, also known as the "Preventing the Financing of Illegal Synthetic Drugs Act," mandates a study by the Comptroller General on the trafficking and financial aspects related to synthetic drugs like fentanyl and methamphetamine in the U.S. The study will investigate the...
Simple Explanation
H.R. 1076 is a plan that asks a special group to look at how bad people bring dangerous fake drugs, like fentanyl, into the country and make money from it. They want to find out how these people use the internet and other tricky ways to sell these drugs and figure out how to stop them.
H. R. 8266 — To place a 2-year moratorium on financial institutions handling, using, or transacting with funds routed through digital asset mixers and to require the Secretary of the Treasury to carry out a study of digital asset mixers, and for other purposes.
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May 07, 2024
Status:Introduced in House
Congress:118
Words:1,202
H.R. 8266, also known as the “Blockchain Integrity Act,” proposes a two-year ban on financial institutions in the United States from dealing with funds going through digital asset mixers, which are tools used to hide the source and destination of digital currency. The bill requires the...
Simple Explanation
The "Blockchain Integrity Act" is a rule being talked about that says banks can't play with special digital money tools that mix up where the money comes from for two years because they might be hiding bad stuff. If they do, they could get in trouble and have to pay a big fine, up to $100,000!
H. R. 7730 — To require a GAO study on the sale of illicit drugs online, and for other purposes.
March 19, 2024
Status:Introduced in House
Congress:118
Words:780
H. R. 7730 is a proposed bill that requires the U.S. Government Accountability Office (GAO) to study the online sale of illicit drugs such as fentanyl and methamphetamine. The study will explore how these drugs are sold online, the involvement of underage individuals,...
Simple Explanation
H. R. 7730 is a plan to have smart people study how bad drugs are sold on the internet and what the government is doing to stop it. They will look at what tricks people use to sell these drugs and how companies try to catch them.
S. 3603 — To establish an information-sharing pilot program to combat the illicit use of crypto assets.
January 17, 2024
Status:Introduced in Senate
Congress:118
Words:1,093
S. 3603 proposes the creation of a pilot program to combat the illegal use of cryptocurrencies by encouraging information sharing between government agencies and the private sector. The program would involve agencies like the Department of Justice and the Department of...
Simple Explanation
Imagine some people try to use pretend money, called crypto, to do bad things like hiding money or stealing. This bill wants people who watch for these bad activities, like special government groups and some companies, to share what they know with each other to stop the bad guys.

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