H.R. 3231 · 118th Congress · House

Buck Stops Here Act

Active· Referred to the House Committee on Financial Services.
Introduced
May 11, 23
Passed House
Pending
Passed Senate
Pending
Sent to President
Pending
Signed into Law
Pending

Executive Summary

Buck Stops Here Act

This bill allows the Department of the Treasury to impose restrictions on an entity or activity determined to be of primary money-laundering concern in connection with illicit fentanyl trafficking. Specifically, if Treasury determines that a foreign financial institution, class of transaction, or type of account is of such concern, Treasury may (1) require domestic financial institutions and agencies to take special measures, such as reporting certain financial transactions involving that entity or activity; or (2) prohibit, or impose certain conditions upon, the transmittal of funds involving any domestic financial institution or agency and that entity or activity.

Action Timeline

3
  1. MAY 11, 2023IntroReferral

    Introduced in House

  2. MAY 11, 2023IntroReferral

    Introduced in House

  3. MAY 11, 2023IntroReferral

    Referred to the House Committee on Financial Services.

Committees

1

Financial Services Committee

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Referred: May 11, 2023

Active