Legis Daily

Buck Stops Here Act

USA118th CongressHR-3231| House 
| Updated: 5/11/2023
Ruben Gallego

Ruben Gallego

Democratic Representative

Arizona

Financial Services Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Buck Stops Here Act This bill allows the Department of the Treasury to impose restrictions on an entity or activity determined to be of primary money-laundering concern in connection with illicit fentanyl trafficking. 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
May 11, 2023
Introduced in House
May 11, 2023
Referred to the House Committee on Financial Services.
  • May 11, 2023
    Introduced in House


  • May 11, 2023
    Referred to the House Committee on Financial Services.

Finance and Financial Sector

Buck Stops Here Act

USA118th CongressHR-3231| House 
| Updated: 5/11/2023
Buck Stops Here Act This bill allows the Department of the Treasury to impose restrictions on an entity or activity determined to be of primary money-laundering concern in connection with illicit fentanyl trafficking. 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
May 11, 2023
Introduced in House
May 11, 2023
Referred to the House Committee on Financial Services.
  • May 11, 2023
    Introduced in House


  • May 11, 2023
    Referred to the House Committee on Financial Services.
Ruben Gallego

Ruben Gallego

Democratic Representative

Arizona

Financial Services Committee

Finance and Financial Sector

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted