To deter foreign financial institutions from providing banking services for the benefit of foreign terrorist organizations and from facilitating or promoting payments for acts of terrorism.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
The bill creates findings; sense of Congress Congress makes the following findings: Banks in nominally friendly jurisdictions evade United States anti-terrorism sanctions by avoiding an official presence in the United States. It relies on grants, compliance mandates, trade restrictions, and delegation of rulemaking. The main policy areas are Financial Services, Finance, and Foreign Policy.
Who Benefits and How
Public beneficiaries or protected communities affected by the clause could face reduced risk.
Who Bears the Burden and How
Federal, state, or local agencies responsible for implementing the clause would take on compliance duties, Foreign businesses and cross-border trade participants affected by the bill would take on compliance duties, and Financial services firms and customers affected by the bill would take on compliance duties.
Key Provisions
- Creates findings; sense of Congress Congress makes the following findings: Banks in nominally friendly jurisdictions evade United States anti-terrorism sanctions by avoiding an official presence in the United States...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
The bill creates findings; sense of Congress Congress makes the following findings: Banks in nominally friendly jurisdictions evade United States anti-terrorism sanctions by avoiding an official presence in the United States.
Key Policy Areas
Financial Services, Finance, Foreign Policy
Primary Purpose
The bill creates findings; sense of Congress Congress makes the following findings: Banks in nominally friendly jurisdictions evade United States anti-terrorism sanctions by avoiding an official presence in the United States.
Policy Domains
Whole bill
Identified Gains
- Public beneficiaries or protected communities affected by the clause
Identified Costs
- Federal, state, or local agencies responsible for implementing the clause
- Foreign businesses and cross-border trade participants affected by the bill
- Financial services firms and customers affected by the bill
Sponsors
Legislative Progress
IntroducedMr. Lamborn (for himself, Ms. Tenney, Mr. Bacon, Mr. Wilson …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
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