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Countering Atrocities Through Currency Accountability Act of 2022

This act aims to prevent the U.S. currency market from supporting egregious human rights violations. The Secretary of the Treasury can impose special measures on countries or financial institutions linked to such violations. Citizens may experience indirect effects through increased financial transaction transparency and potential trade restrictions with entities involved in human rights abuses.
Key points
Allows for special measures against countries or financial institutions supporting human rights violations.
Requires financial institutions to increase scrutiny of transactions and account ownership to prevent supporting atrocities.
Mandates an assessment of China's Xinjiang region for human rights ties and potential measure imposition.
Requires a report on polysilicon production in Xinjiang and the use of forced labor.
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Expired
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Additional Information
Print number: 117_HR_8001
Sponsor: Rep. Buck, Ken [R-CO-4]
Process start date: 2022-06-09
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Countering Atrocities through Currency Accountability Act of 2022

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_8001.

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 2022-06-09.

What are the main provisions?

Key points include:

  • Allows for special measures against countries or financial institutions supporting human rights violations.
  • Requires financial institutions to increase scrutiny of transactions and account ownership to prevent supporting atrocities.
  • Mandates an assessment of China's Xinjiang region for human rights ties and potential measure imposition.
  • Requires a report on polysilicon production in Xinjiang and the use of forced labor.
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. Buck, Ken [R-CO-4].

What is the latest detailed status?

The latest detailed status is: Introduced in House

Is this summary verified?

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

CATEGORIES

Economy Security Courts and Law