S 3318
Taylor Force Martyr Payment Prevention Act of 2021
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- Passed House
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- Became Law
Bill overview
This bill, the Taylor Force Martyr Payment Prevention Act of 2021, aims to prevent foreign financial institutions from supporting terrorist organizations. It strengthens the Treasury Department’s ability to identify and penalize banks that knowingly provide services to groups like Hamas or facilitate payments for acts of terrorism against U.S. and Israeli citizens. The legislation focuses on preventing the use of correspondent accounts in the United States by these institutions. Ultimately, the goal is to deter financial support for terrorism and protect U.S. citizens.
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