I 

118TH CONGRESS 

2D SESSION H. R. 7167 

To increase the role of the financial industry in combating human trafficking. 

IN THE HOUSE OF REPRESENTATIVES 

JANUARY 31, 2024 

Mr. FITZPATRICK (for himself and Mr. KEATING) introduced the following bill; 

which was referred to the Committee on Financial Services, and in addition to the Committee on Foreign Affairs, for a period to be subsequently 

determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned 

A BILL 

To increase the role of the financial industry in combating 

human trafficking. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘End Banking for 

5 Human Traffickers Act of 2024’’. 

6 SEC. 2. INCREASING THE ROLE OF THE FINANCIAL INDUS7 TRY IN COMBATING HUMAN TRAFFICKING. 

8 (a) REQUIRED REVIEW OF PROCEDURES.—Not later 

9 than 180 days after the date of the enactment of this Act, 


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1 the Financial Institutions Examination Council, in con2 sultation with the Secretary of the Treasury, the private 

3 sector, victims of severe forms of trafficking in persons, 

4 advocates of persons at risk of becoming victims of severe 

5 forms of trafficking in persons, and appropriate law en6 forcement agencies, shall— 

7 (1) review and enhance training and examina8 tions procedures to improve the capabilities of anti9 money laundering and countering the financing of 

10 terrorism programs to detect financial transactions 

11 relating to severe forms of trafficking in persons; 

12 (2) review and enhance procedures for referring 

13 potential cases relating to severe forms of trafficking 

14 in persons to the appropriate law enforcement agen15 cy; and 

16 (3) determine, as appropriate, whether require17 ments for financial institutions are sufficient to de18 tect and deter money laundering relating to severe 

19 forms of trafficking in persons. 

20 (b) INTERAGENCY TASK FORCE RECOMMENDATIONS

21 TARGETING MONEY LAUNDERING RELATED TO HUMAN

22 TRAFFICKING.— 

23 (1) IN GENERAL.—Not later than 270 days 

24 after the date of the enactment of this Act, the 

25 Interagency Task Force To Monitor and Combat 


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1 Trafficking shall submit to the Committee on Finan2 cial Services and the Committee on the Judiciary of 

3 the House of Representatives, the Committee on 

4 Banking, Housing, and Urban Affairs and the Com5 mittee on the Judiciary of the Senate, and the head 

6 of each Federal banking agency— 

7 (A) an analysis of anti-money laundering 

8 efforts of the United States Government and 

9 United States financial institutions relating to 

10 severe forms of trafficking in persons; and 

11 (B) appropriate legislative, administrative, 

12 and other recommendations to strengthen ef13 forts against money laundering relating to se14 vere forms of trafficking in persons. 

15 (2) REQUIRED RECOMMENDATIONS.—The rec16 ommendations under paragraph (1) shall include— 

17 (A) feedback from financial institutions on 

18 best practices of successful programs to combat 

19 severe forms of trafficking in persons currently 

20 in place that may be suitable for broader adop21 tion by similarly situated financial institutions; 

22 (B) feedback from stakeholders, including 

23 victims of severe forms of trafficking in per24 sons, advocates of persons at risk of becoming 

25 victims of severe forms of trafficking in perVerDate Sep 11 2014 01:19 Feb 06, 2024 Jkt 049200 PO 00000 Frm 00003 Fmt 6652 Sfmt 6201 E:\BILLS\H7167.IH H7167

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1 sons, and financial institutions, on policy pro2 posals derived from the analysis conducted by 

3 the task force referred to in paragraph (1) that 

4 would enhance the efforts and programs of fi5 nancial institutions to detect and deter money 

6 laundering relating to severe forms of traf7 ficking in persons, including any recommended 

8 changes to internal policies, procedures, and 

9 controls relating to severe forms of trafficking 

10 in persons; 

11 (C) any recommended changes to training 

12 programs at financial institutions to better 

13 equip employees to deter and detect money 

14 laundering relating to severe forms of traf15 ficking in persons; 

16 (D) any recommended changes to expand 

17 information sharing relating to severe forms of 

18 trafficking in persons among financial institu19 tions and between such financial institutions, 

20 appropriate law enforcement agencies, and ap21 propriate Federal agencies; and 

22 (E) recommended changes, if necessary, to 

23 existing statutory law to more effectively detect 

24 and deter money laundering relating to severe 

25 forms of trafficking in persons, where such 


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1 money laundering involves the use of emerging 

2 technologies and virtual currencies. 

3 (c) LIMITATION.—Nothing in this Act shall be con4 strued to— 

5 (1) grant rulemaking authority to the Inter6 agency Task Force To Monitor and Combat Traf7 ficking; or 

8 (2) encourage financial institutions to deny 

9 services to victims of trafficking, victims of severe 

10 forms of trafficking in persons, or individuals not re11 sponsible for promoting severe forms of trafficking 

12 in persons. 

13 (d) DEFINITIONS.—As used in this section— 

14 (1) the term ‘‘Federal banking agency’’ has the 

15 meaning given the term in section 3(q) of the Fed16 eral Deposit Insurance Act (12 U.S.C. 1813(q)); 

17 (2) the term ‘‘severe forms of trafficking in per18 sons’’ has the meaning given such term in section 

19 103 of the Trafficking Victims Protection Act of 

20 2000 (22 U.S.C. 7102); 

21 (3) the term ‘‘Interagency Task Force To Mon22 itor and Combat Trafficking’’ means the Interagency 

23 Task Force To Monitor and Combat Trafficking es24 tablished by the President pursuant to section 105 


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1 of the Trafficking Victims Protection Act of 2000 

2 (22 U.S.C. 7103); and 

3 (4) the term ‘‘law enforcement agency’’ means 

4 an agency of the United States, a State, or a polit5 ical subdivision of a State, authorized by law or by 

6 a government agency to engage in or supervise the 

7 prevention, detection, investigation, or prosecution of 

8 any violation of criminal or civil law. 

9 SEC. 3. MINIMUM STANDARDS FOR THE ELIMINATION OF 

10 TRAFFICKING. 

11 Section 108(b) of the Trafficking Victims Protection 

12 Act of 2000 (22 U.S.C. 7106(b)) is amended by adding 

13 at the end the following new paragraph: 

14 ‘‘(13) Whether the government of the country, 

15 consistent with the capacity of the country, has in 

16 effect a framework to prevent financial transactions 

17 involving the proceeds of severe forms of trafficking 

18 in persons, and is taking steps to implement such a 

19 framework, including by investigating, prosecuting, 

20 convicting, and sentencing individuals who attempt 

21 or conduct such transactions.’’. 

Æ 


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