Taylor Force Martyr Payment Prevention Act of 2021
Latest action · Dec 6, 2021 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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.
- IntroducedDec 6, 2021
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Taylor Force Martyr Payment Prevention Act of 2021
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 17
Members who signed on, in the order they did. Signatures ran from Dec 6, 2021 to Jun 14, 2022; 12 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-TN | Bill Hagerty | Original | Dec 6, 2021 |
| R-ND | Kevin Cramer | Original | Dec 6, 2021 |
| R-SC | Lindsey Graham | Original | Dec 6, 2021 |
| R-FL | Marco Rubio | Original | Dec 6, 2021 |
| R-TN | Marsha Blackburn | Original | Dec 6, 2021 |
| R-IN | Mike Braun | Original | Dec 6, 2021 |
| R-FL | Rick Scott | Original | Dec 6, 2021 |
| R-KS | Roger Marshall | Original | Dec 6, 2021 |
| R-MO | Roy Blunt | Original | Dec 6, 2021 |
| R-MT | Steve Daines | Original | Dec 6, 2021 |
| R-TX | Ted Cruz | Original | Dec 6, 2021 |
| R-IN | Todd Young | Original | Dec 6, 2021 |
| R-MS | Cindy Hyde-Smith | Dec 16, 2021 | |
| R-ND | John Hoeven | Jan 10, 2022 | |
| R-SD | John Thune | Jan 12, 2022 | |
| R-SC | Tim Scott | May 16, 2022 | |
| R-OK | James Lankford | Jun 14, 2022 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| Senate | Banking, Housing, and Urban Affairs Committee | Referred Dec 6, 2021 |
Actions 2
Everything that happened, newest first.
- Dec 6, 2021Introduced in Senate
- Dec 6, 2021Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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.
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 |
|---|---|---|---|
| S 691 | Taylor Force Martyr Payment Prevention Act of 2023 | Reintroduced Bill | Mar 7, 2023 |
| HR 7824 | Taylor Force Martyr Payment Prevention Act of 2022 | Related bill | May 18, 2022 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- A bill 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 2021
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
Text 1
Each version as it was printed, newest first.
- Dec 6, 2021Introduced in Senate
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.
