H.R. 2710: Banking Transparency for Sanctioned Persons Act of 2021
Legislation Details
117th Congress
To increase transparency with respect to financial services benefitting state sponsors of terrorism, human rights abusers, and corrupt officials, and for other purposes.
Sponsor: Rep. Bryan Steil — R — WI
Requires the Department of the Treasury to report semiannually on financial services provided to benefit a state sponsor of terrorism or specified sanctioned persons. Treasury may waive these reporting requirements with respect to a foreign financial institution if the institution credibly assures Treasury that it will cease conducting transactions for such persons, or the waiver is important to the national interest.
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