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.
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
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
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
Sponsors
Legislative Progress
IntroducedMr. 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, justice-system actors, and affected communities
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.
Learn more about our methodology