H.R.295 - End Banking for Human Traffickers Act of 2019116th Congress (2019-2020)
|Sponsor:||Rep. Fitzpatrick, Brian K. [R-PA-1] (Introduced 01/08/2019)|
|Committees:||House - Foreign Affairs; Financial Services|
|Committee Meetings:||03/07/19 10:00AM|
|Latest Action:||House - 03/07/2019 Committee Agreed to Seek Consideration Under Suspension of the Rules,. (All Actions)|
This bill has the status Introduced
Here are the steps for Status of Legislation:
Summary: H.R.295 — 116th Congress (2019-2020)All Information (Except Text)
Introduced in House (01/08/2019)
End Banking for Human Traffickers Act of 2019
This bill establishes requirements related to the use of financial transactions in human trafficking. The bill adds the Secretary of the Treasury as a member of the President's Interagency Task Force to Monitor and Combat Trafficking. The task force must submit to Congress recommendations for the revision of anti-money laundering programs specifically targeting severe forms of human trafficking.
The Federal Financial Institutions Examination Council must review procedures to improve the capability of specified programs to target financial transactions relating to severe forms of human trafficking.
The Office of Terrorism and Financial Intelligence must coordinate with other specified agencies to combat the illicit financing relating to severe forms of human trafficking.
The bill provides additional criteria to be considered by the State Department to indicate a country's serious and sustained efforts to eliminate human trafficking. Specifically, the bill adds criteria regarding whether a country has taken or is taking steps to implement a framework for preventing financial transactions involving severe forms of human trafficking.