S. 3318 · 117th Congress
Taylor Force Martyr Payment Prevention Act of 2021
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Never voted on. It didn't reach a floor vote before the 117th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
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CottonSponsor17 cosponsors · 17 R
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Blunt
MB
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Blackburn
MB
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Braun
KC
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Cramer
TC
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Cruz
SD
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Daines
LG
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Graham
BH
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Hagerty
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Marshall
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Rubio
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Scott
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Young
CH
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Hyde-Smith
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Hoeven
JT
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Thune
TS
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Scott
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Lankford12 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
This bill expands the institutional factors the Department of the Treasury must consider when making a finding that a foreign financial institution is of primary money laundering concern and is therefore subject to special measures, including the prohibition of opening or maintaining correspondent accounts in U.S financial institutions.
What it does: CRS summary · Introduced in Senate · Dec 6, 2021
Taylor Force Martyr Payment Prevention Act of 2021
This bill expands the institutional factors the Department of the Treasury must consider when making a finding that a foreign financial institution is of primary money laundering concern and is therefore subject to special measures, including the prohibition of opening or maintaining correspondent accounts in U.S financial institutions. Specifically, Treasury must consider (1) the extent to which an institution knowingly provides financial services to Hamas, or to an agent of Hamas; and (2) the extent to which an institution, transaction, or type of account is used to facilitate or promote payments for certain acts of terrorism against U.S. and Israeli citizens.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Taylor Force Martyr Payment Prevention Act of 2021
Latest action (Dec 6, 2021): Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Policy area: Finance and Financial Sector · Origin: Senate · Introduced: Dec 6, 2021
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.