H.R. 5843 — Introduced in House

I 117th CONGRESS 1st Session H. R. 5843 IN THE HOUSE OF REPRESENTATIVES November 3, 2021Mr. Issa (for himself, Mr. Fitzgerald, and Ms. Salazar) introduced the following bill; which was referred to the Committee on Financial Services A BILL To require the Secretary of the Treasury to consider certain transactions related to precious metals for purposes of identifying jurisdictions of primary money laundering concern, and for other purposes. 1. Consideration of certain transactions involving precious metals for purposes of identifying jurisdictions of primary money laundering concern Section 5318A(c)(2) of title 31, United States Code, is amended— (1) in subparagraph (A)— (A) by redesignating clauses (iii) through (vii) as clauses (iv) through (viii), respectively; and (B) by inserting after clause (ii) the following: (iii) the extent to which the jurisdiction or financial institutions operating in that jurisdiction facilitate transactions that are related to precious metals and are subject to being blocked pursuant to sanctions imposed by the United States under any statute or Executive order; ; and (2) in subparagraph (B)— (A) by redesignating clauses (ii) and (iii) as clauses (iii) and (iv), respectively; and (B) by inserting after clause (i) the following: (iv) the extent to which such financial institutions, transactions, or types of accounts are used to facilitate transactions that are related to precious metals and are subject to being blocked pursuant to sanctions imposed by the United States under any statute or Executive order; .