Sec. 312. Study on the efforts of authoritarian regimes to exploit the financial system of the United States
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/bill/116/s/2563/is/section-312·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Not later than 1 year after the date of enactment of this Act, the Secretary and the Attorney General, in consultation with the heads of other relevant national security, intelligence, and law enforcement agencies, shall conduct a study and submit to Congress a report that considers how authoritarian regimes in foreign countries and their proxies use the financial system of the United States to— conduct political influence operations; sustain kleptocratic methods of maintaining power; export corruption; fund nongovernmental organizations, media organizations, or academic initiatives in the United States to advance the interests of those persons; and otherwise undermine democratic governance in the United States and the partners and allies of the United States.
Not later than 2 years after the date of enactment of this Act, the Secretary shall submit to the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Financial Services of the House of Representatives a report that contains— the results of the study required under subsection (a); and any recommendations for legislative or regulatory action that would address exploitation of the financial system of the United States by foreign authoritarian regimes.