H.R.6751 - Banking Transparency for Sanctioned Persons Act of 2018115th Congress (2017-2018)
|Sponsor:||Rep. Love, Mia B. [R-UT-4] (Introduced 09/07/2018)|
|Committees:||House - Financial Services | Senate - Banking, Housing, and Urban Affairs|
|Committee Reports:||H. Rept. 115-982|
|Latest Action:||Senate - 09/27/2018 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (All Actions)|
This bill has the status Passed House
Here are the steps for Status of Legislation:
- Passed House
Summary: H.R.6751 — 115th Congress (2017-2018)All Information (Except Text)
Passed House amended (09/26/2018)
Banking Transparency for Sanctioned Persons Act of 2018
(Sec. 2) This bill requires the Department of the Treasury to report semiannually on financial services provided to benefit a state sponsor of terrorism or specified sanctioned persons.
(Sec. 3) Treasury may waive these reporting requirements with respect to a foreign financial institution if:
- the institution credibly assures Treasury that it will cease conducting transactions for such persons, or
- the waiver is important to the national interest.