Search Results for keywords:"money laundering"

Search Results: keywords:"money laundering"

S. 5202 — To amend the Fentanyl Sanctions Act to strengthen the imposition of sanctions under that Act, and for other purposes.
September 25, 2024
Status:Introduced in Senate
Congress:118
Words:2,165
The FREED Act seeks to strengthen sanctions under the Fentanyl Sanctions Act to combat opioid trafficking. It mandates imposing sanctions on foreign individuals and agencies involved in opioid trafficking or providing support to traffickers. The bill also requires the...
Simple Explanation
The FREED Act wants to make rules to stop bad guys from making and selling dangerous drugs called opioids stronger. It would punish people and groups from other countries who help make or sell these drugs, and it also wants everyone to work together to catch the people who hide the money from selling these bad drugs.
H. R. 7167 — To increase the role of the financial industry in combating human trafficking.
January 31, 2024
Status:Introduced in House
Congress:118
Words:1,153
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.
H. R. 8038 — To authorize the President to impose certain sanctions with respect to Russia and Iran, and for other purposes.
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April 17, 2024
Status:Introduced in House
Congress:118
Words:37,534
The proposed legislation, known as H.R. 8038, aims to empower the U.S. President to impose various sanctions specifically targeting Russia and Iran. The bill outlines comprehensive measures responding to national issues such as fentanyl trafficking and money laundering. It...
Simple Explanation
The bill lets the President make rules to stop some countries, like Russia and Iran, from doing bad things like selling drugs or misusing money, and it tries to help places like Ukraine get money to rebuild. But it doesn't say exactly how the money will be handled, which could cause some confusion.
S. 4830 — To strengthen the authority of the United States Secret Service to investigate various crimes related to digital asset transactions and to counter transnational cyber criminal activity, including unlicensed money transmitting businesses, structured transactions, and fraud against financial institutions, and for other purposes.
July 29, 2024
Status:Introduced in Senate
Congress:118
Words:547
The Combatting Money Laundering in Cyber Crime Act of 2024 aims to enhance the authority of the United States Secret Service in investigating crimes related to digital asset transactions and tackling international cyber criminal activities. It proposes amendments to expand...
Simple Explanation
The Combatting Money Laundering in Cyber Crime Act of 2024 is like giving the Secret Service more tools to catch bad guys who use the internet to secretly move money or trick banks. It's also going to help make sure the people in charge know how well they're doing at stopping these internet money tricksters.
H. R. 5921 — An Act To prohibit the Secretary of the Treasury from authorizing certain transactions by a United States financial institution in connection with Iran, to prevent the International Monetary Fund from providing financial assistance to Iran, to codify prohibitions on Export-Import Bank financing for the Government of Iran, and for other purposes.
April 15, 2024
Status:Engrossed in House
Congress:118
Words:618
H. R. 5921, also known as the "No U.S. Financing for Iran Act of 2023," aims to limit financial transactions between the U.S. and Iran. This bill prohibits the Secretary of the Treasury from authorizing U.S. financial institutions to conduct transactions involving goods,...
Simple Explanation
The bill wants to stop U.S. banks from doing business with Iran, except to help people in need, and won’t let other groups give Iran money unless Iran stops doing bad things.
H. R. 6015 — An Act To require the President to prevent the abuse of financial sanctions exemptions by Iran, and for other purposes.
April 17, 2024
Status:Referred in Senate
Congress:118
Words:595
H.R. 6015 is a bill that seeks to prevent the misuse of financial sanctions exemptions by Iran. It requires the President to issue regulations within 180 days to ensure transactions do not support international terrorism or the spread of weapons of mass destruction....
Simple Explanation
The bill wants to make sure Iran doesn't use special financial rules to do bad things like support terrorism or make dangerous weapons. It tells the President and other important people to watch carefully and report back on how well this is working.
H. R. 6245 — An Act To require the Secretary of the Treasury to report on financial institutions’ involvement with officials of the Iranian Government, and for other purposes.
April 17, 2024
Status:Referred in Senate
Congress:118
Words:2,408
H.R. 6245, titled the "Holding Iranian Leaders Accountable Act of 2023," requires the U.S. Secretary of the Treasury to periodically report on the financial ties between U.S. or foreign financial institutions and key Iranian officials, including involvement in corrupt or...
Simple Explanation
H.R. 6245 wants the Treasury Secretary to check if banks are secretly helping important people in Iran do bad things with money and make sure they stop unless they work with the U.S., with some exceptions for helping people and safety.
H. R. 7156 — To expand the investigative authorities of the United States Secret Service, and for other purposes.
January 31, 2024
Status:Introduced in House
Congress:118
Words:482
The bill, titled the "Combating Money Laundering in Cyber Crime Act of 2024," aims to expand the investigative powers of the United States Secret Service. It amends Section 3056(b) of title 18, United States Code, to include additional crimes, such as those related to money...
Simple Explanation
The bill is like a special rule that lets certain police officers (the Secret Service) do more jobs when they are looking into bad money games on the internet, but they need to ask some important bosses for permission first. It also says that a team that works on stopping bad money stuff can keep working for a longer time.
H. R. 7156 — To expand the investigative authorities of the United States Secret Service, and for other purposes.
July 18, 2024
Status:Reported in House
Congress:118
Words:708
H.R. 7156 is a legislative proposal aiming to strengthen the investigative powers of the United States Secret Service. Specifically, it plans to modify Section 3056(b) of Title 18 in the U.S. Code to broaden the scope of investigations, such as those involving money...
Simple Explanation
The bill wants to give more power to the United States Secret Service to help them catch people doing bad things like stealing money on the internet. It also wants to give them more time in special programs to stop these crimes.
S. 3643 — To improve the prohibitions on money laundering, and for other purposes.
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January 23, 2024
Status:Introduced in Senate
Congress:118
Words:4,497
S. 3643 seeks to strengthen the laws against money laundering and related activities in the United States. It introduces tougher penalties for offenses like bulk cash smuggling, illegal money services businesses, and using informal value transfer systems like hawalas for...
Simple Explanation
This bill is like a big rulebook to help stop people from hiding or sneaking around with money in bad ways. It makes the rules stronger so that people who do naughty things with money, like hiding big piles of cash or using secret money services, can get into more trouble.
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.
H. R. 9151 — An Act To strengthen the Department of Justice’s enforcement against trade-related crimes.
December 03, 2024
Status:Engrossed in House
Congress:118
Words:1,358
H.R. 9151 aims to enhance the enforcement against trade-related crimes by establishing a task force or similar structure within the Department of Justice's Criminal Division. This structure will focus on investigating and prosecuting crimes like evasion of duties and...
Simple Explanation
H.R. 9151 is a plan to make sure people follow trade rules by having special helpers in the Justice Department. This plan wants to work with other countries to catch bad guys and tell Congress every year how it's going.
H. R. 6245 — An Act To require the Secretary of the Treasury to report on financial institutions’ involvement with officials of the Iranian Government, and for other purposes.
April 16, 2024
Status:Engrossed in House
Congress:118
Words:2,418
The Holding Iranian Leaders Accountable Act of 2023 requires the U.S. Secretary of the Treasury to report on the involvement of financial institutions with Iranian officials. The Act mandates a report, due 180 days after enactment and every two years thereafter, detailing the...
Simple Explanation
The bill is like a rule saying that the U.S. needs to keep an eye on how banks are dealing with people who run Iran, making sure they're not hiding or doing anything sneaky with money. It also lets the President decide to keep some things secret about this if it helps the country.
H. R. 3244 — To provide authority to the Secretary of the Treasury to take special measures against certain entities outside of the United States of primary money laundering concern in connection with illicit fentanyl and narcotics financing, and for other purposes.
December 19, 2024
Status:Reported in House
Congress:118
Words:1,397
The bill, H.R. 3244, proposes to give the U.S. Secretary of the Treasury the authority to impose special regulations on certain foreign financial entities that are deemed to be involved in illicit fentanyl and drug-related money laundering. It sets forth measures for U.S. financial...
Simple Explanation
The bill lets the U.S. Secretary of the Treasury make special rules to watch and stop certain foreign banks from being sneaky about money connected to illegal drugs, like fentanyl. It also tells American banks to be extra careful and report when they think bad guys are moving drug money.
H. R. 10125 — To increase penalties for the commission of financial crimes using artificial intelligence.
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November 14, 2024
Status:Introduced in House
Congress:118
Words:940
The bill titled H.R. 10125, known as the “AI Fraud Deterrence Act,” proposes to increase penalties for financial crimes committed with the help of artificial intelligence. It amends sections of Title 18 of the United States Code related to mail fraud, wire fraud, bank fraud,...
Simple Explanation
The bill wants to give bigger punishments to people who use computers with smart brains, like robots, to do bad things with money, hoping this will make them stop using these smart computers for such tricks.
H. R. 8147 — To repeal the Corporate Transparency Act.
April 29, 2024
Status:Introduced in House
Congress:118
Words:457
H. R. 8147 seeks to repeal the Corporate Transparency Act, which was originally part of the William M. (Mac) Thornberry National Defense Authorization Act for Fiscal Year 2021. The bill, introduced by Mr. Davidson and others, calls for the removal of amendments made by the...
Simple Explanation
H.R. 8147 is a proposal to cancel a rule that was made to help people see who owns big companies, so it might make it harder to catch bad guys hiding their money.

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