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No Bank Accounts for Terrorists Act

USA117th CongressHR-6511| House 
| Updated: 1/28/2022
Jake Auchincloss

Jake Auchincloss

Democratic Representative

Massachusetts

Financial Services Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
No Bank Accounts for Terrorists Act This bill allows the Department of the Treasury to impose restrictions regarding an entity or activity determined to be of primary money-laundering concern in connection with illicit finance in Afghanistan. Specifically, if Treasury determines that a foreign financial institution, class of transaction, or type of account is of such concern, Treasury may (1) require domestic financial institutions and agencies to take special measures, such as reporting certain financial transactions involving that entity or activity; or (2) prohibit, or impose certain conditions upon, the transmittal of funds involving any domestic financial institution or agency and that entity or activity.
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Timeline
Jan 28, 2022
Introduced in House
Jan 28, 2022
Referred to the House Committee on Financial Services.
  • January 28, 2022
    Introduced in House


  • January 28, 2022
    Referred to the House Committee on Financial Services.

Finance and Financial Sector

Related Bills

  • HR 117-4350: National Defense Authorization Act for Fiscal Year 2022

No Bank Accounts for Terrorists Act

USA117th CongressHR-6511| House 
| Updated: 1/28/2022
No Bank Accounts for Terrorists Act This bill allows the Department of the Treasury to impose restrictions regarding an entity or activity determined to be of primary money-laundering concern in connection with illicit finance in Afghanistan. Specifically, if Treasury determines that a foreign financial institution, class of transaction, or type of account is of such concern, Treasury may (1) require domestic financial institutions and agencies to take special measures, such as reporting certain financial transactions involving that entity or activity; or (2) prohibit, or impose certain conditions upon, the transmittal of funds involving any domestic financial institution or agency and that entity or activity.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Jan 28, 2022
Introduced in House
Jan 28, 2022
Referred to the House Committee on Financial Services.
  • January 28, 2022
    Introduced in House


  • January 28, 2022
    Referred to the House Committee on Financial Services.
Jake Auchincloss

Jake Auchincloss

Democratic Representative

Massachusetts

Financial Services Committee

Finance and Financial Sector

Related Bills

  • HR 117-4350: National Defense Authorization Act for Fiscal Year 2022
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted