,,ii  #aaith ,,congress  #ast ,session  
,s4 #acci  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,april #h1     
#bjbe,mr4 ,curtis 7for himself and ,mr4 
,merkley7 introduced the following bill2
 which was read twice and referred to   
the ,committee on ,banking1 ,housing1   
and ,urban ,affairs  ,a ,,bill  ,to     
require a determination and report      
relating to money laundering and        
violations of export controls and       
sanctions in ,hong ,kong4  #a4 ,short   
title ,this ,act may be cited as the    
,stop ,corrupt ,communist ,party ,money 
,laundering ,act of #bjbe or the ,stop  
,,ccp ,money ,laundering ,act of #bjbe4 
#b4 ,measures to address money          
laundering and export control and       
sanctions violations in ,hong ,kong  7a7
 ,determination with respect to money   
laundering ,not later than #ahj days    
after the date of the enactment of this 
,act1 the ,secretary of the ,treasury   
shall submit to the appropriate         
congressional committees a              

determination1 including a detailed     
justification1 of whether reasonable    
grounds exist for designating the ,hong 
,kong ,special ,administrative ,region  
of the ,people's ,republic of ,china as 
a jurisdiction of primary money         
laundering concern under section        
#ecah;,a of title #ca1 ,united ,states  
,code4  7b7 ,report on role of ,hong    
,kong in export control and sanctions   
violations  7#a7 ,in general ,not later 
than #cfj days after the date of the    
enactment of this ,act1 the ,secretary  
of ,state1 in coordination with the     
,secretary of the ,treasury and the     
,secretary of ,commerce1 shall submit to
 the appropriate congressional          
committees a report assessing the       
ability of ,united ,states and foreign  
financial institutions operating in     
,hong ,kong to identify and prevent     
transactions that facilitate the        
transfer of products1 technology1 and   
money to the ,russian ,federation1      
,iran1 and other countries and entities 

in violation of export controls and     
sanctions imposed by the ,united        
,states4  7#b7 ,elements ,the report    
required by paragraph 7#a7 shall        
include-- 7,a7 an evaluation of the     
extent of the role of ,hong ,kong as an 
international financial and trading     
center in facilitating1 knowingly or    
unknowingly-- 7i7 the transfer of       
products and technologies to adversaries
 of the ,united ,states1 including the  
,russian ,federation1 ,iran1 the        
mainland of the ,people's ,republic of  
,china1 and other countries in violation
 of export controls imposed by the      
,united ,states2 and  7ii7 trade and    
financial transactions that violate     
sanctions imposed by the ,united ,states
 on the ,russian ,federation1 ,iran1 and
 other countries and entities2  7,b7 an 
assessment of whether the ,people's     
,republic of ,china's #bjbj ,national   
,security ,law and the ,january #bjbd   
,safeguarding ,national ,security       
,ordinance of ,hong ,kong have limited  

the ability of financial institutions   
operating in ,hong ,kong to adhere to   
global standards for anti-money         
laundering and know-your-customer       
procedures2 and  7,c7 a description of  
cooperation between ,hong ,kong and     
,united ,states authorities in enforcing
 export control and sanctions regimes1  
including any challenges to such        
cooperation4  7c7 ,appropriate          
congressional committees defined ,in    
this section1 the term appropriate      
congressional committees means-- 7#a7   
the ,committee on ,foreign ,relations   
and the ,committee on ,banking1         
,housing1 and ,urban ,affairs of the    
,senate2 and  7#b7 the ,committee on    
,foreign ,affairs and the ,committee on 
,financial ,services of the ,house of   
,representatives4