Combating Cross-border Financial Crime Act of 2023
12/15/2023, 4:09 PMSummary of Bill S 3384
Bill 118 s 3384, also known as the Combating Cross-border Financial Crime Act of 2023, is a piece of legislation introduced in the US Congress aimed at addressing financial crimes that occur across international borders. The bill seeks to enhance cooperation between the United States and other countries in combating money laundering, terrorist financing, and other illicit financial activities.One of the key provisions of the bill is the establishment of a task force dedicated to investigating and prosecuting cross-border financial crimes. This task force would be composed of representatives from various US government agencies, as well as international partners, to coordinate efforts in identifying and disrupting criminal networks that operate across borders.
Additionally, the bill includes measures to strengthen information sharing between financial institutions and law enforcement agencies, in order to better track and prevent illicit financial transactions. It also calls for increased training and resources for law enforcement personnel to improve their ability to investigate and prosecute cross-border financial crimes. Overall, the Combating Cross-border Financial Crime Act of 2023 aims to bolster the United States' ability to combat financial crimes that transcend national boundaries, and to work more effectively with international partners in addressing these complex and evolving threats.
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Current Status of Bill S 3384
Bill S 3384 is currently in the status of Bill Introduced since November 30, 2023. Bill S 3384 was introduced during Congress 118 and was introduced to the Senate on November 30, 2023. Bill S 3384's most recent activity was Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of November 30, 2023Bipartisan Support of Bill S 3384
Total Number of Sponsors
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
4Democrat Cosponsors
0Republican Cosponsors
2Unaffiliated Cosponsors
2Policy Area and Potential Impact of Bill S 3384
Primary Policy Focus
Alternate Title(s) of Bill S 3384
Combating Cross-border Financial Crime Act of 2023Combating Cross-border Financial Crime Act of 2023A bill to combat illicit cross-border financial activity and to improve the Trade Transparency Unit program of U.S. Immigration and Customs Enforcement, and for other purposes.Comments
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Sponsors and Cosponsors of S 3384
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