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Increased Role of Banks in Combating Human Trafficking

This act aims to strengthen the role of financial institutions in detecting and preventing the financing of human trafficking. This means banks will have better tools and procedures to identify suspicious transactions, potentially increasing safety and protection for at-risk individuals. The changes are designed to make it harder for criminals to use the financial system for their illegal activities.
Key points
Banks and financial institutions will need to improve their training and procedures to better detect transactions related to human trafficking.
Federal authorities will analyze current anti-money laundering efforts and propose new ways to combat human trafficking financing, including with new technologies and virtual currencies.
The act aims to make it harder for criminals to use the banking system to hide money from human trafficking, enhancing public safety.
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Expired
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Additional Information
Print number: 118_HR_7167
Sponsor: Rep. Fitzpatrick, Brian K. [R-PA-1]
Process start date: 2024-01-31
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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

End Banking for Human Traffickers Act of 2024

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_7167.

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 2024-01-31.

What are the main provisions?

Key points include:

  • Banks and financial institutions will need to improve their training and procedures to better detect transactions related to human trafficking.
  • Federal authorities will analyze current anti-money laundering efforts and propose new ways to combat human trafficking financing, including with new technologies and virtual currencies.
  • The act aims to make it harder for criminals to use the banking system to hide money from human trafficking, enhancing public safety.
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. Fitzpatrick, Brian K. [R-PA-1].

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 2025-12-25.

CATEGORIES

Courts and Law Security Economy