H.R. 1037 · 116th Congress
Banking Transparency for Sanctioned Persons Act of 2019
- Stage
- Passed a chamber
- Sponsor
- Denver Riggleman
- Introduced
- 2019-02-07
- Latest action
- 2019-05-15 · 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 2019
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.
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.