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Taylor Force Martyr Payment Prevention Act of 2021

USA117th CongressS-3318| Senate 
| Updated: 12/6/2021
Tom Cotton

Tom Cotton

Republican Senator

Arkansas

Cosponsors (17)
Rick Scott (Republican)Mike Braun (Republican)Roger Marshall (Republican)Cindy Hyde-Smith (Republican)Marsha Blackburn (Republican)Todd Young (Republican)Lindsey Graham (Republican)Roy Blunt (Republican)John Thune (Republican)Ted Cruz (Republican)Tim Scott (Republican)Kevin Cramer (Republican)James Lankford (Republican)Bill Hagerty (Republican)Marco Rubio (Republican)Steve Daines (Republican)John Hoeven (Republican)

Banking, Housing, and Urban Affairs Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Taylor Force Martyr Payment Prevention Act of 2021 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.
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Timeline
Dec 6, 2021
Introduced in Senate
Dec 6, 2021
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
May 18, 2022

Latest Companion Bill Action

HR 117-7824
Introduced in House
  • December 6, 2021
    Introduced in Senate


  • December 6, 2021
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.


  • May 18, 2022

    Latest Companion Bill Action

    HR 117-7824
    Introduced in House

Finance and Financial Sector

Related Bills

  • HR 117-7824: Taylor Force Martyr Payment Prevention Act of 2022

Taylor Force Martyr Payment Prevention Act of 2021

USA117th CongressS-3318| Senate 
| Updated: 12/6/2021
Taylor Force Martyr Payment Prevention Act of 2021 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.
View Full Text

Suggested Questions

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

Timeline
Dec 6, 2021
Introduced in Senate
Dec 6, 2021
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
May 18, 2022

Latest Companion Bill Action

HR 117-7824
Introduced in House
  • December 6, 2021
    Introduced in Senate


  • December 6, 2021
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.


  • May 18, 2022

    Latest Companion Bill Action

    HR 117-7824
    Introduced in House
Tom Cotton

Tom Cotton

Republican Senator

Arkansas

Cosponsors (17)
Rick Scott (Republican)Mike Braun (Republican)Roger Marshall (Republican)Cindy Hyde-Smith (Republican)Marsha Blackburn (Republican)Todd Young (Republican)Lindsey Graham (Republican)Roy Blunt (Republican)John Thune (Republican)Ted Cruz (Republican)Tim Scott (Republican)Kevin Cramer (Republican)James Lankford (Republican)Bill Hagerty (Republican)Marco Rubio (Republican)Steve Daines (Republican)John Hoeven (Republican)

Banking, Housing, and Urban Affairs Committee

Finance and Financial Sector

Related Bills

  • HR 117-7824: Taylor Force Martyr Payment Prevention Act of 2022
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted