arrow_back Back to App

Increased Financial Transparency for Sanctioned Entities

New rules enhance transparency regarding financial services provided to state sponsors of terrorism, human rights abusers, and corrupt officials. Citizens will gain more awareness of how US financial institutions interact with sanctioned entities, potentially impacting financial security and national reputation.
Key points
The Treasury Department will regularly publish reports on licenses issued to financial institutions for services to sanctioned entities.
Reports will cover state sponsors of terrorism and individuals sanctioned for human rights abuses and corruption.
The reporting requirement will be in effect for 7 years from the act's enactment.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_HR_2710
Sponsor: Rep. Steil, Bryan [R-WI-1]
Process start date: 2021-04-20
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Banking Transparency for Sanctioned Persons Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_2710.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-04-20.

What are the main provisions?

Key points include:

  • The Treasury Department will regularly publish reports on licenses issued to financial institutions for services to sanctioned entities.
  • Reports will cover state sponsors of terrorism and individuals sanctioned for human rights abuses and corruption.
  • The reporting requirement will be in effect for 7 years from the act's enactment.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Steil, Bryan [R-WI-1].

What is the latest detailed status?

The latest detailed status is: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H8158)

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-27.

CATEGORIES

Courts and Law Economy Security