[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2710 Engrossed in House (EH)]

<DOC>
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
117th CONGRESS
  2d Session
                                H. R. 2710

_______________________________________________________________________

                                 AN ACT


 
To increase transparency with respect to financial services benefitting 
    state sponsors of terrorism, human rights abusers, and corrupt 
                   officials, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Banking Transparency for Sanctioned 
Persons Act of 2021''.

SEC. 2. REPORT ON FINANCIAL SERVICES BENEFITTING STATE SPONSORS OF 
              TERRORISM, HUMAN RIGHTS ABUSERS, AND CORRUPT OFFICIALS.

    (a) In General.--Not later than 180 days after the date of the 
enactment of this Act, and every 180 days thereafter, the Secretary of 
the Treasury shall issue a report to the Committees on Financial 
Services and Foreign Affairs of the House of Representatives and the 
Committees on Banking, Housing, and Urban Affairs and Foreign Relations 
of the Senate that includes a copy of any license issued by the 
Secretary in the preceding 180 days that authorizes a United States 
financial institution (as defined under section 561.309 of title 31, 
Code of Federal Regulations) to provide financial services 
benefitting--
            (1) a state sponsor of terrorism; or
            (2) a person sanctioned pursuant to any of the following:
                    (A) Section 404 of the Russia and Moldova Jackson-
                Vanik Repeal and Sergei Magnitsky Rule of Law 
                Accountability Act of 2012 (Public Law 112-208).
                    (B) Subtitle F of title XII of the National Defense 
                Authorization Act for Fiscal Year 2017 (Public Law 114-
                328, the Global Magnitsky Human Rights Accountability 
                Act).
                    (C) Executive Order No. 13818.
    (b) Form of Report.--The report required under subsection (a) shall 
be submitted in unclassified form but may contain a classified annex.

SEC. 3. SUNSET.

    The reporting requirement under this Act shall terminate on the 
date that is the end of the 7-year period beginning on the date of the 
enactment of this Act.

            Passed the House of Representatives September 28, 2022.

            Attest:

                                                                 Clerk.
117th CONGRESS

  2d Session

                               H. R. 2710

_______________________________________________________________________

                                 AN ACT

To increase transparency with respect to financial services benefitting 
    state sponsors of terrorism, human rights abusers, and corrupt 
                   officials, and for other purposes.