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Buck Stops Here Act

1/23/2024, 8:15 PM

Summary of Bill HR 3231

Bill 118 hr 3231, also known as the Buck Stops Here Act, is a piece of legislation currently being considered by the US Congress. The main purpose of this bill is to hold government officials accountable for their actions by requiring them to take responsibility for any mistakes or misconduct that occurs under their leadership.

The Buck Stops Here Act would require all federal agencies to establish clear lines of accountability within their organizations. This means that agency heads would be held responsible for any wrongdoing that takes place within their departments, even if they were not directly involved in the misconduct. This accountability would extend to all levels of government, from the highest-ranking officials down to the lowest-level employees.

In addition to establishing accountability measures, the Buck Stops Here Act would also require agencies to develop and implement training programs to educate employees on their responsibilities and the consequences of failing to meet them. This would help ensure that all government workers understand the importance of their roles and the impact of their actions on the public. Overall, the Buck Stops Here Act aims to promote transparency, integrity, and accountability within the federal government. By holding officials responsible for their actions and ensuring that employees are properly trained, this bill seeks to improve the efficiency and effectiveness of government operations.

Congressional Summary of HR 3231

Buck Stops Here Act

This bill allows the Department of the Treasury to impose restrictions on an entity or activity determined to be of primary money-laundering concern in connection with illicit fentanyl trafficking. Specifically, if Treasury determines that a foreign financial institution, class of transaction, or type of account is of such concern, Treasury may (1) require domestic financial institutions and agencies to take special measures, such as reporting certain financial transactions involving that entity or activity; or (2) prohibit, or impose certain conditions upon, the transmittal of funds involving any domestic financial institution or agency and that entity or activity.

Current Status of Bill HR 3231

Bill HR 3231 is currently in the status of Bill Introduced since May 11, 2023. Bill HR 3231 was introduced during Congress 118 and was introduced to the House on May 11, 2023.  Bill HR 3231's most recent activity was Referred to the House Committee on Financial Services. as of May 11, 2023

Bipartisan Support of Bill HR 3231

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 3231

Primary Policy Focus

Finance and Financial Sector

Alternate Title(s) of Bill HR 3231

To permit the Secretary of the Treasury to impose special measures on transactions related to illicit fentanyl trafficking.
Buck Stops Here Act
Buck Stops Here Act

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