No Bank Accounts for Terrorists Act
Legislative Progress
Introduced
January 28, 2022
Latest Action
January 28, 2022
Primary Sponsor
Jake AuchinclossDemocratic(MA)
Momentum (last 30 days)
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0 actions · 0 new cosponsors · 0 votes
Speed vs cohort
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0d open
vs 9,698 other HR bills in the 117th — cohort avg 63d
No Bank Accounts for Terrorists Act This bill allows the Department of the Treasury to impose restrictions regarding an entity or activity determined to be of primary money-laundering concern in connection with illicit finance in Afghanistan. Specifically, if Treasury determines that a foreign financial institution, class of transaction, or type of account is of such concern, Treasury may (1) require domestic financial institutions and agencies to take special measures, such as reporting certain financial transactions involving that entity or activity; or (2) prohibit, or impose certain conditions upon, the transmittal of funds involving any domestic financial institution or agency and that entity or activity.
Referred to the House Committee on Financial Services.
Introduced in House
Congress.gov source codes: 1000, Intro-H
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Sources: Congress.gov