Taylor Force Martyr Payment Prevention Act of 2023
Latest action · Mar 7, 2023 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S671-672)
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.
- IntroducedMar 7, 2023
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Taylor Force Martyr Payment Prevention Act of 2023
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 19
Members who signed on, in the order they did. Signatures ran from Mar 7, 2023 to Mar 30, 2023; 17 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-TN | Bill Hagerty | Original | Mar 7, 2023 |
| R-IA | Chuck Grassley | Original | Mar 7, 2023 |
| R-MS | Cindy Hyde-Smith | Original | Mar 7, 2023 |
| R-OK | James Lankford | Original | Mar 7, 2023 |
| R-ND | John Hoeven | Original | Mar 7, 2023 |
| R-SD | John Thune | Original | Mar 7, 2023 |
| R-ND | Kevin Cramer | Original | Mar 7, 2023 |
| R-SC | Lindsey Graham | Original | Mar 7, 2023 |
| R-FL | Marco Rubio | Original | Mar 7, 2023 |
| R-TN | Marsha Blackburn | Original | Mar 7, 2023 |
| R-IN | Mike Braun | Original | Mar 7, 2023 |
| R-FL | Rick Scott | Original | Mar 7, 2023 |
| R-MS | Roger F. Wicker | Original | Mar 7, 2023 |
| R-KS | Roger Marshall | Original | Mar 7, 2023 |
| R-MT | Steve Daines | Original | Mar 7, 2023 |
| R-TX | Ted Cruz | Original | Mar 7, 2023 |
| R-IN | Todd Young | Original | Mar 7, 2023 |
| R-NC | Ted Budd | Mar 15, 2023 | |
| R-WV | Shelley Moore Capito | Mar 30, 2023 |
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 Mar 7, 2023 |
Actions 2
Everything that happened, newest first.
- Mar 7, 2023Introduced in Senate
- Mar 7, 2023Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S671-672)
In the Congressional Record 1
Days the Record’s own index lists this bill, newest first, with the pages and the members it names. Pages starting H are the House, S the Senate, E Extensions of Remarks.
| Where | In the Record | Members | Date |
|---|---|---|---|
| Senate | Debate and remarks S671 | Tom Cotton R-AR | Mar 7, 2023 |
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 | Identical bill | Mar 7, 2023 |
| S 3318 | Taylor Force Martyr Payment Prevention Act of 2021 | Reintroduction of | Dec 6, 2021 |
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 2023
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
Text 1
Each version as it was printed, newest first.
- Mar 7, 2023Introduced 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.
