118th Congress International Affairs
H.R. 3088: SEFIT Act
Introduced
- Introduced (completed)
- Passed House (not reached)
- Passed Senate (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
This bill requires the Department of the Treasury to notify Congress as to whether certain foreign financial institutions have engaged in sanctionable conduct.
The foreign financial institutions targeted by this bill are those that have a capitalization of over $10 million and are (1) organized under the laws of a state sponsor of terrorism, (2) owned or controlled by the government of a state sponsor of terrorism, (3) located in the territory of a state sponsor of terrorism, or (4) owned or controlled by a foreign financial institution that falls into one of the preceding categories.
Treasury must submit a determination to Congress as to whether any such foreign financial institution has engaged in, or attempted to engage in, conduct that would be sanctionable under certain laws, executive orders, or directives.
Written by the Congressional Research Service, Library of Congress.
Roll calls
No roll call votes have been held on this bill.
Amendments
No amendments were offered to this bill.
Cosponsors
- Kevin Hern R-OKOriginal
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Other bills by Patrick Fallon
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- H.R. 2766: Special District Fairness and Accessibility Act
- H.R. 5179: District of Columbia Attorney General Appointment Reform Act of 2025
- H.R. 7867: REG Budgeting Act of 2024
- H.R. 7525: Special District Grant Accessibility Act
History
- Introduced in the House by Patrick Fallon.
Show the full action history (2 actions)
- Introduced in House
- Referred to the Committee on Foreign Affairs, and in addition to the Committees on Financial Services, the Judiciary, Ways and Means, and Oversight and Accountability, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.