Stop Fentanyl Money Laundering Act of 2023

Summary

Stop Fentanyl Money Laundering Act of 2023 This bill expands efforts to prevent money laundering related to international fentanyl and narcotics distribution. The 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 and narcotics trafficking. Specifically, if Treasury determines that a foreign financial institution, class of transaction, or type of account is of such concern, Treasury may require domestic financial institutions and agencies to take special measures, such as reporting certain financial transactions involving that entity or activity. The Financial Crimes Enforcement Network (FinCEN) must issue advisories to financial institutions about how to identify Chinese money laundering that facilitates the trafficking of fentanyl and other synthetic opioids. FinCEN must also issue guidance to financial institutions for filing suspicious transaction reports related to suspected narcotics trafficking by transnational criminal organizations. The Government Accountability Office must report on the implications of the Department of State designating Mexican drug cartels as foreign terrorist organizations.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 11 May 2023

   Introduced

   Referred to the Committee on Financial Services, and in addition to the Committee on the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

   Source: IntroReferral

2. 11 May 2023

   Introduced

   Introduced in House

   Source: IntroReferral

3. 11 May 2023

   Introduced

   Introduced in House

   Source: IntroReferral

4. 26 July 2023

   Vote

   Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 49 - 0.

   Source: Committee

5. 26 July 2023

   Committee

   Committee Consideration and Mark-up Session Held

   Source: Committee

6. 29 November 2024

   Introduced

   House Committee on the Judiciary Granted an extension for further consideration ending not later than Dec. 19, 2024.

   Source: IntroReferral

7. 29 November 2024

   Reported

   Reported (Amended) by the Committee on Financial Services. H. Rept. 118-783, Part I.

   Source: Committee

8. 29 November 2024

   Reported

   Reported (Amended) by the Committee on Financial Services. H. Rept. 118-783, Part I.

   Source: Committee

9. 19 December 2024

   Calendars

   Placed on the Union Calendar, Calendar No. 780.

   Source: Calendars

10. 19 December 2024

    Discharge

    Committee on the Judiciary discharged.

    Source: Discharge

11. 19 December 2024

    Committee

    Committee on the Judiciary discharged.

    Source: Committee

Votes

No vote records are attached yet.

Versions

• Reported in House · 19 December 2024 · Official file
• Introduced in House · 11 May 2023 · Official file

Documents

5 official files

• Reported in House (text)

  Reported in House · EN · 19 December 2024

  ViewDownloadOpen at official source

• Reported in House (PDF)

  Reported in House · EN · 19 December 2024

  ViewDownloadOpen at official source

• Introduced in House (text)

  Introduced in House · EN · 11 May 2023

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 11 May 2023

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 11 May 2023

  Open at official source

Sponsors

• Blaine Luetkemeyer · R · Sponsor
• Zachary Nunn · R · Sponsor
• Rep. Barr, Andy [R-KY-6] · R · Sponsor
• Young Kim · R · Sponsor
• Rep. Pettersen, Brittany [D-CO-7] · D · Cosponsor
• Rep. Lawler, Michael [R-NY-17] · R · Cosponsor
• Rep. LaLota, Nick [R-NY-1] · R · Cosponsor
• Daniel Meuser · R · Cosponsor
• Monica De La Cruz · R · Cosponsor
• · hsju00 · Standing
• · hsba00 · Standing

Related records

No cross-record relationships stored yet.