Taylor Force Martyr Payment Prevention Act of 2022
United States117th CongressHR-7824House of Representatives
Updated: May 18, 2022
Summary
Taylor Force Martyr Payment Prevention Act of 2022 This bill expands the institutional factors the Department of the Treasury must consider when making a finding that a foreign financial institution is of primary money laundering concern and is therefore subject to special measures, including the prohibition of opening or maintaining correspondent accounts in U.S financial institutions. Specifically, Treasury must consider (1) the extent to which an institution knowingly provides financial services to Hamas, or to an agent of Hamas; and (2) the extent to which an institution, transaction, or type of account is used to facilitate or promote payments for certain acts of terrorism against U.S. and Israeli citizens.
Bill texts
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Timeline
Latest companion bill action
S-3318: Taylor Force Martyr Payment Prevention Act of 2021Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Introduced in House
Referred to the House Committee on Financial Services.
House of Representatives
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