S. 2978 · 117th Congress
A bill to require the Secretary of the Treasury to consider certain transactions related to precious metals for purposes of identifying jurisdictions of primary money laundering concern, and for other purposes.
- Stage
- In committee
- Sponsor
- Ted Cruz
- Introduced
- 2021-10-07
- Latest action
- 2021-10-07 · Introduced in Senate
Summary
This bill directs the Department of the Treasury to consider sanctioned transactions involving precious metals when assessing whether a jurisdiction, financial institution, class of transactions, or type of account is of primary money laundering concern for purposes of reporting, recordkeeping, and certain account restrictions.