118th Congress Finance and Financial Sector
S. 3441: Terrorist Financing Prevention Act of 2023
Introduced
- Introduced (completed)
- Passed Senate (not reached)
- Passed House (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
This bill requires specified sanctions on foreign entities that facilitate financial transactions tied to foreign terrorist organizations.
The bill requires the Department of the Treasury to identify any foreign financial institution or foreign digital asset transaction facilitator that (1) has knowingly facilitated a significant financial transaction with a foreign terrorist organization or related person, or (2) has engaged in money laundering to carry out such a transaction.
The President must prohibit, or place restrictions on, opening or maintaining a U.S. correspondent or payable-through account by such an institution. Further, the President must prohibit any transactions between any person subject to the jurisdiction of the United States and a foreign digital asset transaction facilitator identified by Treasury under this bill.
Read the full summary
The bill allows Treasury to prohibit or restrict certain fund transmittals if a foreign jurisdiction, institution, account, or transaction is of primary money laundering concern.
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
- John Reed D-RIOriginal
- Mike Rounds R-SDOriginal
- Mitt Romney R-UTOriginal
Who scored on this bill
- 1Mark Warner SponsorDrew cross-party cosponsors, introduced2 events+6
See all scorers and every scoring event
Introductions and cosponsorships count toward weekly caps and show no points.
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History
- Introduced in the Senate by Mark Warner.
Show the full action history (3 actions)
- Committee on Banking, Housing, and Urban Affairs. Hearings held.
- Introduced in Senate
- Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.