Banking Transparency for Sanctioned Persons Act of 2021

2022-09-28

Passed House

Banking Transparency for Sanctioned Persons Act of 2021

This bill requires the Department of the Treasury to report semiannually on financial services provided to benefit a state sponsor of terrorism or specified sanctioned persons.

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2021-04-20

Introduced in House

Banking Transparency for Sanctioned Persons Act of 2021

This bill requires the Department of the Treasury to report semiannually on financial services provided to benefit a state sponsor of terrorism or specified sanctioned persons.

Treasury may waive these reporting requirements with respect to a foreign financial institution if

the institution credibly assures Treasury that it will cease conducting transactions for such persons, or
the waiver is important to the national interest.

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