H. R. 7167, titled the "End Banking for Human Traffickers Act of 2024," is a proposed law aiming to involve the financial industry more actively in the fight against human trafficking. The bill mandates the Financial Institutions Examination Council, along with other councils...
Simple Explanation
The End Banking for Human Traffickers Act of 2024 is a plan to help banks and money places find and report bad money deals that might involve human trafficking, to stop bad guys from making money this way. It asks special groups to look at how they can do this better and suggest new ideas, but it makes sure not to hurt people who were victims.