arrow_back Back to App

Illicit Finance Improvements Act

This act expands the purpose of supervisory team meetings to include countering illicit finance, specifically proliferation finance and sanctions evasion. It also amends the Combating Russian Money Laundering Act to allow the use of classified information in judicial reviews and applies existing penalties and injunction procedures to violations of requirements imposed under that section.
Key points
Expands the scope of supervisory team meetings to cover proliferation finance and sanctions evasion.
Authorizes the submission of classified information ex parte and in camera during judicial reviews related to Russian money laundering concerns.
Applies standard civil and criminal penalties and injunction authorities to violations of special measures regarding Russian money laundering.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_HR_6343
Sponsor: Rep. Lynch, Stephen F. [D-MA-8]
Process start date: 2021-12-23
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-3-pro-preview
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Illicit Finance Improvements Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_6343.

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 2021-12-23.

What are the main provisions?

Key points include:

  • Expands the scope of supervisory team meetings to cover proliferation finance and sanctions evasion.
  • Authorizes the submission of classified information ex parte and in camera during judicial reviews related to Russian money laundering concerns.
  • Applies standard civil and criminal penalties and injunction authorities to violations of special measures regarding Russian money laundering.
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. Lynch, Stephen F. [D-MA-8].

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 2026-01-02.

CATEGORIES

Courts and Law Economy Security