S1339Referred to Committee

Stop CCP Money Laundering Act of 2025

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Introduced
In Committee
3
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2025-04-08
Introduced
2
Cosponsors
S
ⓘ
Type

Sponsor

John R. Curtis
John R. Curtis
Republican · UT · Senator
Votes with party: 33.2% (322 recorded votes)

Full profile: /officials/C001114

Source: Congress.gov · FEC

Cosponsors (2)

Members who have signed on to support this bill since introduction. Source: Congress.gov.

2 cosponsors on record at Congress.gov. The named list is syncing into Govwatch and will appear here shortly — view on Congress.gov in the meantime.

Latest Action

The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

2025-04-08

Source: Congress.gov

Committee Activity

Previously

Plain-English Summary

The legislation would require U.S. banks and financial institutions to identify and report suspicious transactions involving Chinese government entities and their affiliates, aiming to prevent money laundering and financial crimes. Banks would face stricter scrutiny and reporting requirements when dealing with accounts or transfers connected to Chinese Communist Party officials and state-owned companies. The measure targets financial institutions and their compliance officers while affecting how they conduct business with Chinese entities.

AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.

Subjects

International Affairs
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