HB6588: International Financial Institution Counter Terrorism Accountability Act
- 1Introduced (current step)
- 2Passed One Chamber
- 3Passed Both Chambers
- 4Became Law
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Bill information
Summary
To require the Secretary of the Treasury to assess whether international financial institutions, such as the International Bank for Reconstruction and Development and the International Monetary Fund, are sufficiently focused on preventing terrorist financing.
Plain-language summary
This bill asks the U.S. Secretary of the Treasury to evaluate whether major international banks and finance organizations are doing enough to stop terrorists from accessing money. The targeted institutions include the World Bank and International Monetary Fund, which provide loans and financial support to countries worldwide. The bill is currently in the introduced stage, meaning it has been formally submitted to Congress but has not yet been assigned to a for review or debate. The Treasury Secretary would need to assess their current anti-terrorism financing efforts and report findings back to Congress.
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HB6588: International Financial Institution Counter Terrorism Accountability Act
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Sponsors
Monica De La Cruz
Primary SponsorCo-sponsors (3)
Barry Loudermilk
Michael Lawler
Lance Gooden