arrow_back Civic Audit
Share share

Anti-Money Laundering: New Rules for Precious Metals Transactions

This bill requires the Treasury Department to consider precious metals transactions when identifying countries at high risk for money laundering. The aim is to make it harder for criminals to hide illegal money through gold or silver trade, potentially increasing financial security and reducing fraud risks.
Key points
The Treasury Department will now analyze precious metals transactions to identify countries with significant money laundering concerns.
This change aims to strengthen the fight against illegal money flows, indirectly protecting citizens from financial crime.
article Official text account_balance Process page notifications_active Track this Bill
gavel
Status:
Expired
Record your position for audit.
Why does your vote on bills matter?
It creates raw, undeniable proof. Civic Will provides the permanent data to verify the Government's loyalty towards its citizens (explained here). Start recording it now.
Additional Information
Print number: 117_HR_5843
Sponsor: Rep. Issa, Darrell E. [R-CA-50]
Process start date: 2021-11-03
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

To require the Secretary of the Treasury to consider certain transactions related to precious metals for purposes of identifying jurisdictions of primary money laundering concern, and for other purposes.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_5843.

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 2021-11-03.

What are the main provisions?

Key points include:

  • The Treasury Department will now analyze precious metals transactions to identify countries with significant money laundering concerns.
  • This change aims to strengthen the fight against illegal money flows, indirectly protecting citizens from financial crime.
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. Issa, Darrell E. [R-CA-50].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

What is the impact of this bill?

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Economy Security Courts and Law