Text: H.R.5886 — 115th Congress (2017-2018)All Information (Except Text)

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Introduced in House (05/18/2018)

 
[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5886 Introduced in House (IH)]

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115th CONGRESS
  2d Session
                                H. R. 5886

    To apply the Bank Secrecy Act to dealers in art or antiquities.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                              May 18, 2018

  Mr. Messer introduced the following bill; which was referred to the 
                    Committee on Financial Services

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                                 A BILL


 
    To apply the Bank Secrecy Act to dealers in art or antiquities.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Illicit Art and Antiquities 
Trafficking Prevention Act''.

SEC. 2. APPLICATION OF BANK SECRECY ACT TO DEALERS IN ART OR 
              ANTIQUITIES.

    (a) In General.--Section 5312(a)(2) of title 31, United States 
Code, is amended--
            (1) in subparagraph (Y), by striking ``or'' at the end;
            (2) in subparagraph (Z), by striking the period and 
        inserting ``; or''; and
            (3) by adding at the end the following:
                    ``(AA) dealers in art or antiquities.''.
    (b) Rulemaking.--Not later than the end of the 180-day period 
beginning on the date of the enactment of this Act, the Secretary of 
the Treasury shall issue regulations to carry out the amendments made 
by subsection (a).
    (c) Effective Date.--Section 5312(a)(2)(AA) of title 31, United 
States Code, as added by subsection (a), shall take effect after the 
end of the 270-day period beginning on the date of the enactment of 
this Act.
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