Banks would get new tools to help stop human trafficking.
This bill would make banks and other financial institutions better at finding and stopping money related to human trafficking. It would require government groups to review and improve how banks detect these crimes and share information with law enforcement. It also would add new standards for how other countries are judged on their efforts to fight trafficking.
Today, there isn't a specific requirement for U.S. financial institutions to regularly review and improve their procedures for finding and stopping money related to human trafficking. This bill would require a government council to conduct such a review within about six months. It would also require a federal task force to provide recommendations to Congress within about nine months. Additionally, it would add a new international standard for countries to prevent financial transactions linked to trafficking.
HR 3629 · 119th Congress · May 29, 2025 · AI Summary by gemini-2.5-flash · 8/10
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