Taylor Force Martyr Payment Prevention Act of 2022
Latest action · May 18, 2022 Referred to the House Committee on Financial Services.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedMay 18, 2022
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Taylor Force Martyr Payment Prevention Act of 2022
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.
Cosponsors 22
Members who signed on, in the order they did. Signatures ran from May 18, 2022 to Nov 22, 2022; 11 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-PA | Brian K. Fitzpatrick | Original | May 18, 2022 |
| R-NY | Claudia Tenney | Original | May 18, 2022 |
| R-TN | David Kustoff | Original | May 18, 2022 |
| R-NE | Don Bacon | Original | May 18, 2022 |
| R-SC | Joe Wilson | Original | May 18, 2022 |
| D-CA | Juan Vargas | Original | May 18, 2022 |
| R-NY | Lee M. Zeldin | Original | May 18, 2022 |
| R-TX | Louie Gohmert | Original | May 18, 2022 |
| R-TX | Randy K. Weber, Sr. | Original | May 18, 2022 |
| R-OH | Steve Chabot | Original | May 18, 2022 |
| R-MO | Vicky Hartzler | Original | May 18, 2022 |
| R-AR | J. French Hill | May 24, 2022 | |
| R-LA | Mike Johnson | May 24, 2022 | |
| R-MO | Ann Wagner | Jun 7, 2022 | |
| R-TX | Chip Roy | Jun 7, 2022 | |
| R-FL | Gus M. Bilirakis | Jun 7, 2022 | |
| R-TX | Brian Babin | Jun 14, 2022 | |
| R-FL | Neal P. Dunn | Jul 20, 2022 | |
| R-NY | John Katko | Aug 5, 2022 | |
| D-NJ | Josh Gottheimer | Sep 13, 2022 | |
| R-NE | Adrian Smith | Nov 3, 2022 | |
| R-VA | Bob Good | Nov 22, 2022 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Financial Services Committee | Referred May 18, 2022 |
Actions 2
Everything that happened, newest first.
- May 18, 2022Introduced in House
- May 18, 2022Referred to the House Committee on Financial Services.
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Constitutional authority
The sponsor’s statement, as printed in the Congressional Record, vol. 168, no. 85, May 18, 2022, page H5174.
CRS reports 1
Congressional Research Service work that CRS links to this bill or the law it became, newest first.
Cite it 1
Products on other subjects that cite it, usually among other measures.
| Product | Title | Kind | Published |
|---|---|---|---|
| R47344 | U.S. Sanctions: Legislation in the 117th Congress Archived | Report | Dec 20, 2022 |
Related bills 2
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 1408 | Taylor Force Martyr Payment Prevention Act of 2023 | Reintroduced Bill | Mar 7, 2023 |
| S 3318 | Taylor Force Martyr Payment Prevention Act of 2021 | Related bill | Dec 6, 2021 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To deter foreign financial institutions from providing banking services for the benefit of foreign terrorist organizations and from facilitating or promoting payments for acts of terrorism.
- Short Title(s) as Introduced
- Taylor Force Martyr Payment Prevention Act of 2022
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
Text 1
Each version as it was printed, newest first.
- May 18, 2022Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
