Summary: H.R.6751 — 115th Congress (2017-2018)All Information (Except Text)

Bill summaries are authored by CRS.

Shown Here:
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.