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.