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House Bill 8794
116th Congress(2019-2020)
Preventing Illicit Finance Act
Introduced
Introduced
Introduced in House on Nov 20, 2020
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Introduced in House 
Nov 20, 2020
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Introduced in House(Nov 20, 2020)
Nov 20, 2020
No Linkage Found
About Linkage
Multiple bills can contain the same text. This could be an identical bill in the opposite chamber or a smaller bill with a section embedded in a larger bill.
Bill Sponsor regularly scans bill texts to find sections that are contained in other bill texts. When a matching section is found, the bills containing that section can be viewed by clicking "View Bills" within the bill text section.
Bill Sponsor is currently only finding exact word-for-word section matches. In a future release, partial matches will be included.
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H. R. 8794 (Introduced-in-House)


116th CONGRESS
2d Session
H. R. 8794


To require the Secretary of the Treasury to establish an advisory team to examine strategies to increase cooperation between the public and private sectors for purposes of countering illicit finance, including proliferation finance and sanctions evasion, and for other purposes.

IN THE HOUSE OF REPRESENTATIVES

November 20, 2020

Mrs. Axne (for herself and Mr. Steil) introduced the following bill; which was referred to the Committee on Financial Services

A BILL

To require the Secretary of the Treasury to establish an advisory team to examine strategies to increase cooperation between the public and private sectors for purposes of countering illicit finance, including proliferation finance and sanctions evasion, and for other purposes.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. Short title.

This Act may be cited as the “Preventing Illicit Finance Act”.

SEC. 2. Encouraging information sharing and public-private partnerships.

(a) In general.—The Secretary of the Treasury shall convene an advisory team of relevant Federal agencies, private sector experts in banking, national security, and law enforcement, and other stakeholders to—

(1) examine strategies to increase cooperation between the public and private sectors for purposes of countering illicit finance, including proliferation finance and sanctions evasion; and

(2) advise on strategies to combat the risk relating to proliferation financing.

(b) Meetings.—The advisory team shall meet periodically, including at the request of the Secretary of the Treasury.

(c) Federal Advisory Committee Act.—The Federal Advisory Committee Act (5 U.S.C. App.) shall not apply to the advisory team or to the activities of the advisory team.