To increase transparency with respect to financial services benefitting state sponsors of terrorism, human rights abusers, and corrupt officials, and for other purposes.
Banking Transparency for Sanctioned Persons Act of 2018
(Sec. 2) This bill requires the Department of the Treasury to report semiannually on financial services provided to benefit a state sponsor of terrorism or specified sanctioned persons.
(Sec. 3) Treasury may waive these reporting requirements with respect to a foreign financial institution if:
Introduced in House
Introduced in House
Referred to the House Committee on Financial Services.
Committee Consideration and Mark-up Session Held.
Ordered to be Reported (Amended) by the Yeas and Nays: 48 - 0.
Reported (Amended) by the Committee on Financial Services. H. Rept. 115-982.
Reported (Amended) by the Committee on Financial Services. H. Rept. 115-982.
Placed on the Union Calendar, Calendar No. 767.
Mr. Tipton moved to suspend the rules and pass the bill, as amended.
Considered under suspension of the rules. (consideration: CR H9065-9067)
DEBATE - The House proceeded with forty minutes of debate on H.R. 6751.
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.(text: CR H9065-9066)
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H9065-9066)
Motion to reconsider laid on the table Agreed to without objection.
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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