I 
118TH CONGRESS 
1ST SESSION H. R. 1408 
To deter foreign financial institutions from providing banking services for 
the benefit of foreign terrorist organizations and from facilitating or 
promoting payments for acts of terrorism. 
IN THE HOUSE OF REPRESENTATIVES 
MARCH 7, 2023 
Mr. LAMBORN (for himself, Ms. TENNEY, Mr. BACON, Mr. WILSON of South 
Carolina, Mr. KUSTOFF, Mr. WEBER of Texas, Mr. FITZPATRICK, Mr. 
VARGAS, Mr. ROY, Mr. BABIN, Mr. DUNN of Florida, Mr. GOTTHEIMER, 
Mr. SMITH of Nebraska, and Mr. MILLER of Ohio) introduced the fol-
lowing bill; which was referred to the Committee on Financial Services 
A BILL 
To deter foreign financial institutions from providing banking 
services for the benefit of foreign terrorist organizations 
and from facilitating or promoting payments for acts 
of terrorism. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Taylor Force Martyr 
Payment Prevention Act of 2023’’. 
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SEC. 2. FINDINGS; SENSE OF CONGRESS. 
(a) FINDINGS.—Congress makes the following find-
ings: 
(1) Banks in nominally friendly jurisdictions 
evade United States anti-terrorism sanctions by 
avoiding an official presence in the United States, 
and continue to knowingly provide banking services, 
including dollar-denominated transactions, for ter-
rorist organizations that target United States na-
tionals for murder. 
(2) Such flouting of anti-terrorism financial 
regulations is only possible through the maintenance 
or use of correspondent accounts at United States 
banks for the benefit of terrorist organizations. 
(b) SENSE OF CONGRESS.—It is the sense of Con-
gress that under authority granted by section 5318A of 
title 31, United States Code, as amended by section 3, 
the Secretary of the Treasury should— 
(1) find foreign financial institutions that flout 
anti-terrorism financial regulations to be of primary 
money laundering concern; and 
(2) prohibit the maintenance or use of cor-
respondent accounts in the United States by such 
institutions. 
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SEC. 3. CONSIDERATION OF FACILITATION OF TERRORISM 
IN DESIGNATING INSTITUTIONS, ACCOUNTS, 
AND TRANSACTIONS AS OF PRIMARY MONEY 
LAUNDERING CONCERN. 
Section 5318A(c)(2)(B) of title 31, United States 
Code, is amended— 
(1) in the matter preceding clause (i), by strik-
ing ‘‘all 3’’ and inserting ‘‘all of the preceding’’; 
(2) in clause (ii), by striking ‘‘; and’’ and in-
serting a semicolon; 
(3) in clause (iii), by striking the period at the 
end and inserting a semicolon; and 
(4) by adding at the end the following: 
‘‘(iv) notwithstanding clause (ii), the 
extent to which such institutions knowingly 
provide, or cause other financial institu-
tions to provide, financial services (includ-
ing personal banking services) to the entity 
described in subsection (a) of section 
594.319 of title 31, Code of Federal Regu-
lations (or a successor regulation), or per-
sons described in subsection (b) of that 
section; and 
‘‘(v) the extent to which such institu-
tions, transactions, or types of accounts 
are used to facilitate or promote payments 
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