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To require the Secretary of the Treasury to carry out a study on Chinese support for Afghan illicit finance, and for other purposes.

12/30/2022, 3:49 AM

Summary of Bill HR 6524

Bill 117 hr 6524, titled "To require the Secretary of the Treasury to carry out a study on Chinese support for Afghan illicit finance, and for other purposes," aims to investigate the extent of Chinese involvement in supporting illicit financial activities in Afghanistan. The bill mandates the Secretary of the Treasury to conduct a thorough study on the matter and report their findings to Congress.

The study will focus on identifying any financial support provided by China to illicit activities in Afghanistan, such as money laundering, drug trafficking, or terrorist financing. The goal is to better understand the role of Chinese entities in facilitating illicit finance in Afghanistan and to assess the potential impact on US national security interests.

In addition to the study on Chinese support for Afghan illicit finance, the bill also includes provisions for other purposes, although specific details are not provided in the summary. Overall, the bill seeks to shed light on a potentially significant issue that could have implications for US foreign policy and national security.

Congressional Summary of HR 6524

This bill requires the Department of the Treasury to report on the financial activities of China and Chinese entities in connection with the finances of Afghanistan and the Taliban, including activities to support illicit financial networks.

Current Status of Bill HR 6524

Bill HR 6524 is currently in the status of Bill Introduced since January 28, 2022. Bill HR 6524 was introduced during Congress 117 and was introduced to the House on January 28, 2022.  Bill HR 6524's most recent activity was Referred to the House Committee on Financial Services. as of January 28, 2022

Bipartisan Support of Bill HR 6524

Total Number of Sponsors
1
Democrat Sponsors
1
Republican Sponsors
0
Unaffiliated Sponsors
0
Total Number of Cosponsors
0
Democrat Cosponsors
0
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 6524

Primary Policy Focus

Finance and Financial Sector

Alternate Title(s) of Bill HR 6524

To require the Secretary of the Treasury to carry out a study on Chinese support for Afghan illicit finance, and for other purposes.
To require the Secretary of the Treasury to carry out a study on Chinese support for Afghan illicit finance, and for other purposes.

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