H.R. 5886 — Introduced in House

I 115th CONGRESS 2d Session H. R. 5886 IN THE HOUSE OF REPRESENTATIVES May 18, 2018Mr. Messer introduced the following bill; which was referred to the Committee on Financial Services A BILL To apply the Bank Secrecy Act to dealers in art or antiquities. 1. Short title This Act may be cited as the Illicit Art and Antiquities Trafficking Prevention Act. 2. Application of Bank Secrecy Act to dealers in art or antiquities (a) In general Section 5312(a)(2) of title 31, United States Code, is amended— (1) in subparagraph (Y), by striking or at the end; (2) in subparagraph (Z), by striking the period and inserting ; or; and (3) by adding at the end the following: (AA) dealers in art or antiquities. . (b) Rulemaking Not later than the end of the 180-day period beginning on the date of the enactment of this Act, the Secretary of the Treasury shall issue regulations to carry out the amendments made by subsection (a). (c) Effective date Section 5312(a)(2)(AA) of title 31, United States Code, as added by subsection (a), shall take effect after the end of the 270-day period beginning on the date of the enactment of this Act.