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Legislative Progress
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vs 5,357 other S bills in the 117th — cohort avg 38d
Kleptocrat Liability for Excessive Property Transactions and Ownership Act or the KLEPTO Act This bill expands anti-money laundering reporting requirements for certain transactions involving real estate, aircraft, and other vehicles. Specifically, real estate professionals must report to the Department of the Treasury beneficial owner information (e.g., the identity of an individual behind a corporate entity) for each commercial and residential real estate transaction involving a covered entity (i.e., a nonnatural person, association, or arrangement, including any trust, partnership, foundation, corporation, limited liability company, or other public or private entity). Real estate professionals must also report suspicious transactions, establish anti-money laundering programs and due diligence policies, and develop procedures to identify beneficial owners. Additionally, Treasury must implement a state-level pilot program to design and test a digital ledger of real estate transactions. This ledger must provide real-time information and integrate with other databases that track beneficial ownership, sanctions, and other business and real estate registries. An entity must identify each beneficial owner prior to registering an aircraft. Existing registrants must submit this information not later than 180 days after the date of this bill's enactment. A business engaged in vehicle sales (including automobile, airplane, and boat sales) must report suspicious transactions, establish anti-money laundering programs and due diligence policies, and develop procedures to identify beneficial owners.
These links require the bill number to appear in the filing's source-reported specific issue text. Client expenses and lobbying-firm income are separate disclosure fields.
Filing registrants (4)
2022 · fourth_quarter · Financial Institutions/Investments/Securities
H.R. 7900, the National Defense Authorization Act for Fiscal Year 2023; Section Sec. 5422, to to increase public safety by ensuring access to financial services to cannabis-related legitimate businesses and service providers and reducing the amount of cash at such businesses; Sec. 5401, to expand the scope and authorities of anti-money laundering safeguards; Sec. 5461, to create protections for financial institutions that provide financial services to cannabis related businesses H.R.5525, the Establishing New Authorities for Businesses Laundering and Enabling Risks to Security (ENABLERS) Act, to amend the Bank Secrecy Act to expand the scope and authorities of anti-money laundering safeguards; entire bill. S.4075, the Kleptocrat Liability for Excessive Property Transactions and Ownership Act or KLEPTO Act, to prevent money laundering, the financing of terrorism, or other forms of illicit finance through United States real estate and vehicle transactions, including by Russian oligarchs; entire bill. H.R.1996, the Secure and Fair Enforcement (SAFE) Banking Act of 2021, to create protections for financial institutions that provide financial services to cannabis-related legitimate businesses and service providers for such businesses; entire bill. S.910, the Secure and Fair Enforcement (SAFE) Banking Act of 2021, to create protections for financial institutions that provide financial services to cannabis-related legitimate businesses and service providers for such businesses; entire bill. General education about blockchain and financial services. Request for Information, Federal Housing Finance Agency (no docket number), Fintech in Housing Finance: Request for Information. Advance Notice of Proposed Rulemaking, Federal Trade Commission (R20711), Unfair or Deceptive Fees: Request for Comment
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Introduced in Senate
Bills with similar content found using semantic analysis.
Sources: Congress.gov
Client expense: $290,000 · Firm income: Not reported
Government targets: Consumer Financial Protection Bureau (CFPB), Federal Housing Finance Agency (FHFA), Federal Trade Commission (FTC), HOUSE OF REPRESENTATIVES, SENATE
2022 · third_quarter · Financial Institutions/Investments/Securities
H.R. 7900, the National Defense Authorization Act for Fiscal Year 2023; Section Sec. 5422, to to increase public safety by ensuring access to financial services to cannabis-related legitimate businesses and service providers and reducing the amount of cash at such businesses; Sec. 5401, to expand the scope and authorities of anti-money laundering safeguards; Sec. 5461, to create protections for financial institutions that provide financial services to cannabis related businesses H.R.5525, the Establishing New Authorities for Businesses Laundering and Enabling Risks to Security (ENABLERS) Act, to amend the Bank Secrecy Act to expand the scope and authorities of anti-money laundering safeguards; entire bill. S.4075, the Kleptocrat Liability for Excessive Property Transactions and Ownership Act or KLEPTO Act, to prevent money laundering, the financing of terrorism, or other forms of illicit finance through United States real estate and vehicle transactions, including by Russian oligarchs; entire bill. H.R.1996, the Secure and Fair Enforcement (SAFE) Banking Act of 2021, to create protections for financial institutions that provide financial services to cannabis-related legitimate businesses and service providers for such businesses; entire bill. S.910, the Secure and Fair Enforcement (SAFE) Banking Act of 2021, to create protections for financial institutions that provide financial services to cannabis-related legitimate businesses and service providers for such businesses; entire bill. General education about blockchain and financial services. Request for Information, Docket No. CFPB-2022-0059, Request for Information Regarding Mortgage Refinances and Forbearances. Request for Information, Federal Housing Finance Agency (no docket number), Fintech in Housing Finance: Request for Information.
Client expense: $240,000 · Firm income: Not reported
Government targets: Consumer Financial Protection Bureau (CFPB), Federal Housing Finance Agency (FHFA), HOUSE OF REPRESENTATIVES, SENATE
2022 · third_quarter · Banking
Legislation related to anti-money laundering, countering illicit finance, and financial transparency H.R. 5525, Establishing New Authorities for Businesses Laundering and Enabling Risks to Security (ENABLERS) Act S.Amdt.6377 to S.Amdt.5499 to the National Defense Authorization Act, to increase safeguards against money laundering in enabler industries S. 4075, A bill to prevent money laundering, the financing of terrorism, or other forms of illicit finance through United States real estate and vehicle transactions, including by Russian oligarchs, and for other purposes Measures to increase appropriated funds to the Financial Crimes Enforcement Network
Client expense: $20,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, Natl Security Council (NSC), SENATE, State, Dept of (DOS), Treasury, Dept of
2022 · second_quarter · Banking
Issues related to Anti-corruption and anti-money laundering (AML); Issues related to the Treasury adopting due diligence requirements for real estate professionals, investment advisers and other professional service providers; Issues related to money laundering rules for investment advisers; Issues related to issuing strong rules implementing the Corporate Transparency Act; Issues related to funding for FinCEN; H.R. 5525, Establishing New Authorities for Businesses Laundering and Enabling Risks to Security (ENABLERS) Act; S. 4075, Kleptocrat Liability for Excessive Property Transactions and Ownership (KLEPTO) Act
Client expense: $30,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, Justice, Dept of (DOJ), SENATE, Securities & Exchange Commission (SEC), State, Dept of (DOS), Treasury, Dept of, U.S. Agency for International Development (USAID), White House Office
2022 · second_quarter · Financial Institutions/Investments/Securities
H.R. 7900, the National Defense Authorization Act for Fiscal Year 2023; Section Sec. 5422, to to increase public safety by ensuring access to financial services to cannabis-related legitimate businesses and service providers and reducing the amount of cash at such businesses; Sec. 5401, to expand the scope and authorities of anti-money laundering safeguards. H.R.5525, the Establishing New Authorities for Businesses Laundering and Enabling Risks to Security (ENABLERS) Act, to amend the Bank Secrecy Act to expand the scope and authorities of anti-money laundering safeguards; entire bill. S.4075, the Kleptocrat Liability for Excessive Property Transactions and Ownership Act or KLEPTO Act, to prevent money laundering, the financing of terrorism, or other forms of illicit finance through United States real estate and vehicle transactions, including by Russian oligarchs; entire bill. H.R.1996, the Secure and Fair Enforcement (SAFE) Banking Act of 2021, to create protections for financial institutions that provide financial services to cannabis-related legitimate businesses and service providers for such businesses; entire bill. S.910, the Secure and Fair Enforcement (SAFE) Banking Act of 2021, to create protections for financial institutions that provide financial services to cannabis-related legitimate businesses and service providers for such businesses; entire bill.
Client expense: $170,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2022 · second_quarter · Banking
Legislation related to anti-money laundering, countering illicit finance, and financial transparency H.R. 5525, Establishing New Authorities for Businesses Laundering and Enabling Risks to Security (ENABLERS) Act H.R. ____, legislation to institute anti-money laundering requirements for professional engaged in specific financial activities S. 4075, A bill to prevent money laundering, the financing of terrorism, or other forms of illicit finance through United States real estate and vehicle transactions, including by Russian oligarchs, and for other purposes Measures to increase appropriated funds to the Financial Crimes Enforcement Network
Client expense: $10,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, Natl Security Council (NSC), SENATE, Treasury, Dept of
2022 · first_quarter · Banking
Legislation related to anti-money laundering, countering illicit finance, and financial transparency H.R. 5525, Establishing New Authorities for Businesses Laundering and Enabling Risks to Security (ENABLERS) Act H.R. ____, legislation to institute anti-money laundering requirements for professional engaged in specific financial activities S. 4075, A bill to prevent money laundering, the financing of terrorism, or other forms of illicit finance through United States real estate and vehicle transactions, including by Russian oligarchs, and for other purposes Measures to increase appropriated funds to the Financial Crimes Enforcement Network
Client expense: $10,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, Natl Security Council (NSC), SENATE, Treasury, Dept of
2022 · first_quarter · Taxation/Internal Revenue Code
Issues related to finance regulation; issues related to currency regulation; issues related to energy consumption; issues related to blockchaintechnology/distributed networks; Issues related to S.4075 - A bill to prevent money laundering, the financing of terrorism, or other forms of illicit finance through United States real estate and vehicle transactions, including by Russian oligarchs, and for other purposes; Issues related to H.R.7429 - Russian Digital Asset Sanctions Compliance Act of 2022.
Client expense: Not reported · Firm income: $20,000
2022 · first_quarter · Financial Institutions/Investments/Securities
Issues related to finance regulation; issues related to currency regulation; issues related to energy consumption; issues related to blockchaintechnology/distributed networks; Issues related to S.4075 - A bill to prevent money laundering, the financing of terrorism, or other forms of illicit finance through United States real estate and vehicle transactions, including by Russian oligarchs, and for other purposes; Issues related to H.R.7429 - Russian Digital Asset Sanctions Compliance Act of 2022.
Client expense: Not reported · Firm income: $20,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of
Government targets: HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of