118th Congress · SENATE BILLBILL

S. 3603Preventing Illicit Finance Through Partnership Act of 2024

A bill to establish an information-sharing pilot program to combat the illicit use of crypto assets.

Finance and financial sector
Introduced Jan 17, 2024
Last action Jan 17, 2024
Pipeline · Bill → Law
Step 1
Introduced
Jan 17, 2024
Step 2
Referred
Jan 17, 2024
the Judiciary
Step 3
Committee
Step 4
Senate
Step 5
House floor
Step 6
Resolve Changes
Step 7
Signed
SummaryCRS Summary

This bill establishes a pilot program to facilitate information sharing between federal entities and private sector entities regarding illicit finance (i.e., financial transactions involving the proceeds of unlawful activity as specified by the bill). Specifically, the Department of Justice (DOJ) must establish a pilot program for information sharing between the private sector and the DOJ, the Financial Crimes Enforcement Network (FinCEN), and the Department of Homeland Security (DHS) about potential violations, threats, and risks regarding illicit finance. The DOJ, in consultation with FinCEN and DHS, must designate private sector entities in the money service business and in the crypto a...

Provisions · 2 sectionsIntroduced in Senate
Timeline · 2 actions
Jan 17, 2024
Introduced in Senate
Jan 17, 2024
Read twice and referred to the Committee on the Judiciary.