Proposal:Buck Stops Here Act

This proposal is archived and closed to further debate. It was introduced in the 118th Congress, which has concluded, and the bill was not enacted into law.

Bill	HR 3231
Type of Legislation	House Bill
Congress	118
Status	Archived — 118th Congress concluded
Source	View original on Congress.gov

Geographic Scope

National

Description

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.

Bill Title

Buck Stops Here Act

Linked Goals

• Goal:Promote General Welfare

Steps

• 2023-05-11: Referred to the House Committee on Financial Services.
• 2023-05-11: Introduced in House
• 2023-05-11: Introduced in House

Projected Outcome

A more informed proposal or public response aligned with the Promote General Welfare goal.