S 2400
Art Market Integrity Act
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To President
- Became Law
Bill overview
The Art Market Integrity Act aims to enhance transparency and combat money laundering within the art market. It expands the definition of ‘work of art’ and subjects certain art traders, including dealers, galleries, and collectors, to record-keeping and reporting requirements based on transaction value. The legislation also directs the Treasury Department to update guidance on high-value art transactions involving sanctioned individuals and entities, and to develop proposed rules for implementing these changes.
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