Search Results: keywords:"terrorism financing"

  • 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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    Status:Introduced in House
    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. 5631 — To amend title 31, United States Code, to provide for access to certain beneficial ownership information.
    Status:Introduced in Senate
    Words:892

    S. 5631, titled the "Ownership Clarity Act," seeks to modify title 31 of the United States Code to make certain beneficial ownership information accessible. This bill would allow financial institutions, or entities assisting them, to obtain an access license for this...

    Simple Explanation

    The Ownership Clarity Act is a plan to help certain people check who really owns things, like businesses, to make sure everything is safe and fair. They can only look at this information to prevent bad things like financing bad activities, and they have to ask permission and follow rules to do so.

  • H. R. 2384 — To establish an Independent Financial Technology Working Group to Combat Terrorism and Illicit Financing, and for other purposes.
    Status:Introduced in House
    Words:1,662

    H.R. 2384 proposes the creation of an Independent Financial Technology Working Group aimed at addressing terrorism and illegal financial activities. This group will be made up of representatives from various government departments and private sectors like financial technology...

    Simple Explanation

    H.R. 2384 wants to create a special team of people from different jobs to figure out ways to stop bad guys from using digital money to do illegal things like funding terrorism or hiding stolen money. This team will also help the President come up with plans to keep everyone safe from these bad guys.

  • H. R. 2969 — An Act To establish an Independent Financial Technology Working Group to Combat Terrorism and Illicit Financing, and for other purposes.
    Status:Engrossed in House
    Words:1,599

    H.R. 2969, known as the "Financial Technology Protection Act of 2023," aims to create an Independent Financial Technology Working Group to address terrorism and illicit financing. This group will include various government agencies and representatives from financial...

    Simple Explanation

    The Financial Technology Protection Act of 2023 is all about making a special group of experts to help stop bad guys from using new digital money for illegal things, like funding terrorism. This group will work together and come up with smart ideas to make sure digital money is used safely.