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Taylor Force Martyr Payment Prevention Act of 2023

USA118th CongressS-691| Senate 
| Updated: 3/7/2023
Tom Cotton

Tom Cotton

Republican Senator

Arkansas

Cosponsors (19)
Rick Scott (Republican)Mike Braun (Republican)Roger Marshall (Republican)Cindy Hyde-Smith (Republican)Marsha Blackburn (Republican)Todd Young (Republican)Lindsey Graham (Republican)Roger F. Wicker (Republican)John Thune (Republican)Ted Cruz (Republican)Kevin Cramer (Republican)James Lankford (Republican)Bill Hagerty (Republican)Chuck Grassley (Republican)Marco Rubio (Republican)Steve Daines (Republican)John Hoeven (Republican)Ted Budd (Republican)Shelley Moore Capito (Republican)

Banking, Housing, and Urban Affairs 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

S 117-3318
Taylor Force Martyr Payment Prevention Act of 2021
Mar 7, 2023

Latest Companion Bill Action

HR 118-1408
Introduced in House
Mar 7, 2023
Introduced in Senate
Mar 7, 2023
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S671-672)
  • Bill from Previous Congress

    S 117-3318
    Taylor Force Martyr Payment Prevention Act of 2021


  • March 7, 2023

    Latest Companion Bill Action

    HR 118-1408
    Introduced in House


  • March 7, 2023
    Introduced in Senate


  • March 7, 2023
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S671-672)

Finance and Financial Sector

Related Bills

  • HR 118-1408: Taylor Force Martyr Payment Prevention Act of 2023

Taylor Force Martyr Payment Prevention Act of 2023

USA118th CongressS-691| Senate 
| 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

S 117-3318
Taylor Force Martyr Payment Prevention Act of 2021
Mar 7, 2023

Latest Companion Bill Action

HR 118-1408
Introduced in House
Mar 7, 2023
Introduced in Senate
Mar 7, 2023
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S671-672)
  • Bill from Previous Congress

    S 117-3318
    Taylor Force Martyr Payment Prevention Act of 2021


  • March 7, 2023

    Latest Companion Bill Action

    HR 118-1408
    Introduced in House


  • March 7, 2023
    Introduced in Senate


  • March 7, 2023
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S671-672)
Tom Cotton

Tom Cotton

Republican Senator

Arkansas

Cosponsors (19)
Rick Scott (Republican)Mike Braun (Republican)Roger Marshall (Republican)Cindy Hyde-Smith (Republican)Marsha Blackburn (Republican)Todd Young (Republican)Lindsey Graham (Republican)Roger F. Wicker (Republican)John Thune (Republican)Ted Cruz (Republican)Kevin Cramer (Republican)James Lankford (Republican)Bill Hagerty (Republican)Chuck Grassley (Republican)Marco Rubio (Republican)Steve Daines (Republican)John Hoeven (Republican)Ted Budd (Republican)Shelley Moore Capito (Republican)

Banking, Housing, and Urban Affairs Committee

Finance and Financial Sector

Related Bills

  • HR 118-1408: Taylor Force Martyr Payment Prevention Act of 2023
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted