H.R. 6751 · 115th Congress
Banking Transparency for Sanctioned Persons Act of 2018
- Stage
- Passed a chamber
- Sponsor
- Mia Love
- Introduced
- 2018-09-07
- Latest action
- 2018-09-27 · Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Summary
Banking Transparency for Sanctioned Persons Act of 2018
(Sec. 2) This bill requires the Department of the Treasury to report semiannually on financial services provided to benefit a state sponsor of terrorism or specified sanctioned persons.
(Sec. 3) Treasury may waive these reporting requirements with respect to a foreign financial institution if:
the institution credibly assures Treasury that it will cease conducting transactions for such persons, or the waiver is important to the national interest.