HR3244-118

Introduced

To provide authority to the Secretary of the Treasury to take special measures against certain entities outside of the United States of primary money laundering concern in connection with illicit fentanyl and narcotics financing, and for other purposes.

118th Congress Introduced May 11, 2023

Summary

What This Bill Does

The bill requires GAO study on designation of Mexican cartels as Foreign Terrorist Organizations The Congress finds the following: Entities placed on the list of Foreign Terrorist Organizations maintained by the Secretary, requires determination with respect to primary money laundering concern of illicit fentanyl and narcotics financing If the Secretary of the Treasury determines that one or more financial institutions operating outside, and requires trade-based money laundering advisory. It relies on reporting requirements, compliance mandates, exemptions, and liability protections. The main policy areas are Healthcare Consumers, Finance, Criminal Justice, and Foreign Policy.

Who Benefits and How

Federal, state, or local agencies responsible for implementing the clause could face lower compliance burdens, Financial services firms and customers affected by the bill could face lower compliance burdens, and Public beneficiaries or protected communities affected by the clause could face reduced risk.

Who Bears the Burden and How

Financial services firms and customers affected by the bill would take on compliance duties, Federal, state, or local agencies responsible for implementing the clause would take on compliance duties, and Law enforcement, justice-system actors, and affected communities would take on compliance duties.

Key Provisions

  • Requires GAO study on designation of Mexican cartels as Foreign Terrorist Organizations The Congress finds the following: Entities placed on the list of Foreign Terrorist Organizations maintained by the Secretary...
  • Requires determination with respect to primary money laundering concern of illicit fentanyl and narcotics financing If the Secretary of the Treasury determines that one or more financial institutions operating outside...
  • Requires trade-based money laundering advisory.
  • Requires treatment of transnational criminal organizations in suspicious transactions.
  • Requires removes prior text that would have 2.

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 requires GAO study on designation of Mexican cartels as Foreign Terrorist Organizations The Congress finds the following: Entities placed on the list of Foreign Terrorist Organizations maintained by the Secretary, requires determination with respect to primary money laundering concern of illicit fentanyl and narcotics financing If the Secretary of the Treasury determines that one or more financial institutions operating outside, and requires trade-based money laundering advisory.

Key Policy Areas

Healthcare Consumers, Finance, Criminal Justice, Foreign Policy

Primary Purpose

The bill requires GAO study on designation of Mexican cartels as Foreign Terrorist Organizations The Congress finds the following: Entities placed on the list of Foreign Terrorist Organizations maintained by the Secretary, requires determination with respect to primary money laundering concern of illicit fentanyl and narcotics financing If the Secretary of the Treasury determines that one or more financial institutions operating outside, and requires trade-based money laundering advisory.

Policy Domains

Healthcare Consumers Finance Criminal Justice Foreign Policy

Whole bill

Identified Gains
  • Federal, state, or local agencies responsible for implementing the clause
  • Financial services firms and customers affected by the bill
  • Public beneficiaries or protected communities affected by the clause
  • Patients and health care consumers affected by the bill
  • Homeowners, tenants, or housing market participants affected by the bill
Model: codex-gpt-5:bulk-repair | Version: bill_summary_v2 | Source: rh
Patients and health care consumers affected by the bill:
Financial services firms and customers affected by the bill: , ,
Public beneficiaries or protected communities affected by the clause: ,
Homeowners, tenants, or housing market participants affected by the bill:
Federal, state, or local agencies responsible for implementing the clause: , , ,
Identified Costs
  • Financial services firms and customers affected by the bill
  • Federal, state, or local agencies responsible for implementing the clause
  • Law enforcement, justice-system actors, and affected communities
  • Homeowners, tenants, or housing market participants affected by the bill
  • Foreign affairs agencies and foreign-policy stakeholders affected by the bill
Model: codex-gpt-5:bulk-repair | Version: bill_summary_v2 | Source: rh
Financial services firms and customers affected by the bill: , , , , , , ,
Law enforcement, justice-system actors, and affected communities: , , , , ,
Homeowners, tenants, or housing market participants affected by the bill: , , ,
Federal, state, or local agencies responsible for implementing the clause: , , , , , ,
Foreign affairs agencies and foreign-policy stakeholders affected by the bill: , , ,

Legislative Progress

Introduced
Introduced Committee Passed
May 11, 2023

Mr. Luetkemeyer (for himself, Mr. Nunn of Iowa, Mr. Barr, …

Stakeholder Effects

cui bono?

How this legislation distributes effects. Mention counts reflect frequency, not effect magnitude.

Law Enforcement
6 mentions across 6 clauses
-6 negative

Law enforcement, justice-system actors, and affected communities

4/4
sections analyzed
Full impact breakdown

Bill Structure & Actor Mappings

Who is "The Secretary" in each section?

Domains
Healthcare Consumers Finance Criminal Justice Foreign Policy

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.

Learn more about our methodology