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Taylor Force Martyr Payment Prevention Act of 2023

USA118th CongressHR-1408| House 
| Updated: 3/7/2023
Doug Lamborn

Doug Lamborn

Republican Representative

Colorado

Cosponsors (20)
Chip Roy (Republican)Adrian Smith (Republican)David Kustoff (Republican)Neal P. Dunn (Republican)Claudia Tenney (Republican)Juan Vargas (Democratic)Andrew Ogles (Republican)William R. Timmons (Republican)Gus M. Bilirakis (Republican)Don Bacon (Republican)Joe Wilson (Republican)Glenn Grothman (Republican)W. Gregory Steube (Republican)Lauren Boebert (Republican)Brian K. Fitzpatrick (Republican)Max L. Miller (Republican)Randy K. Sr. Weber (Republican)Josh Gottheimer (Democratic)Michael Lawler (Republican)Brian Babin (Republican)

Financial Services Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Taylor Force Martyr Payment Prevention Act of 2023 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

Bill from Previous Congress

HR 117-7824
Taylor Force Martyr Payment Prevention Act of 2022
Mar 7, 2023

Latest Companion Bill Action

S 118-691
Introduced in Senate
Mar 7, 2023
Introduced in House
Mar 7, 2023
Referred to the House Committee on Financial Services.
  • Bill from Previous Congress

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


  • March 7, 2023

    Latest Companion Bill Action

    S 118-691
    Introduced in Senate


  • March 7, 2023
    Introduced in House


  • March 7, 2023
    Referred to the House Committee on Financial Services.

Finance and Financial Sector

Related Bills

  • S 118-691: Taylor Force Martyr Payment Prevention Act of 2023

Taylor Force Martyr Payment Prevention Act of 2023

USA118th CongressHR-1408| House 
| Updated: 3/7/2023
Taylor Force Martyr Payment Prevention Act of 2023 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

Bill from Previous Congress

HR 117-7824
Taylor Force Martyr Payment Prevention Act of 2022
Mar 7, 2023

Latest Companion Bill Action

S 118-691
Introduced in Senate
Mar 7, 2023
Introduced in House
Mar 7, 2023
Referred to the House Committee on Financial Services.
  • Bill from Previous Congress

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


  • March 7, 2023

    Latest Companion Bill Action

    S 118-691
    Introduced in Senate


  • March 7, 2023
    Introduced in House


  • March 7, 2023
    Referred to the House Committee on Financial Services.
Doug Lamborn

Doug Lamborn

Republican Representative

Colorado

Cosponsors (20)
Chip Roy (Republican)Adrian Smith (Republican)David Kustoff (Republican)Neal P. Dunn (Republican)Claudia Tenney (Republican)Juan Vargas (Democratic)Andrew Ogles (Republican)William R. Timmons (Republican)Gus M. Bilirakis (Republican)Don Bacon (Republican)Joe Wilson (Republican)Glenn Grothman (Republican)W. Gregory Steube (Republican)Lauren Boebert (Republican)Brian K. Fitzpatrick (Republican)Max L. Miller (Republican)Randy K. Sr. Weber (Republican)Josh Gottheimer (Democratic)Michael Lawler (Republican)Brian Babin (Republican)

Financial Services Committee

Finance and Financial Sector

Related Bills

  • S 118-691: Taylor Force Martyr Payment Prevention Act of 2023
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted