US SB533 | 2019-2020 | 116th Congress
Status
Spectrum: Partisan Bill (Republican 3-0)
Status: Introduced on February 14 2019 - 25% progression, died in committee
Action: 2019-02-14 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Pending: Senate Banking, Housing, And Urban Affairs Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 14 2019 - 25% progression, died in committee
Action: 2019-02-14 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Pending: Senate Banking, Housing, And Urban Affairs Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Directs the Department of the Treasury to consider sanctioned transactions involving precious metals when assessing whether a jurisdiction, financial institution, class of transactions, or type of account is of primary money laundering concern for purposes of reporting, recordkeeping, and certain account restrictions.
Title
A bill to require the Secretary of the Treasury to consider certain transactions related to precious metals for purposes of identifying jurisdictions of primary money laundering concern, and for other purposes.
Sponsors
| Sen. Ted Cruz [R-TX] | Sen. Thom Tillis [R-NC] | Sen. Marco Rubio [R-FL] |
History
| Date | Chamber | Action |
|---|---|---|
| 2019-02-14 | Senate | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. |
Subjects
Bank accounts, deposits, capital
Banking and financial institutions regulation
Finance and financial sector
Foreign property
Fraud offenses and financial crimes
Metals
Sanctions
Banking and financial institutions regulation
Finance and financial sector
Foreign property
Fraud offenses and financial crimes
Metals
Sanctions
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/116th-congress/senate-bill/533/all-info |
| Text | https://www.congress.gov/116/bills/s533/BILLS-116s533is.pdf |
