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![handle is hein.congrecreports/crptxagtb0001 and id is 1 raw text is: AUT-ENTICATED
US. GOVERNMENT
INFORMATION
GPO
118TH CONGRESS REPT. 118-783
2d Session HOUSE OF REPRESENTATIVES Part 1
STOP FENTANYL MONEY LAUNDERING ACT OF 2023
NOVEMBER 29, 2024.-Ordered to be printed
Mr. McHENRY, from the Committee on Financial Services,
submitted the following
REPORT
[To accompany H.R. 3244]
The Committee on Financial Services, to whom was referred the
bill (H.R. 3244) to provide authority to the Secretary of the Treas-
ury to take special measures against certain entities outside of the
United States of primary money laundering concern in connection
with illicit fentanyl and narcotics financing, and for other purposes,
having considered the same, reports favorably thereon with an
amendment and recommends that the bill as amended do pass.
CONTENTS
Page
Purpose and Sum m ary ............................................................................................ 3
Background and Need for Legislation .................................................................... 3
R elated H earings ..................................................................................................... 3
Com m ittee Consideration ........................................................................................ 4
C om m ittee V otes ..................................................................................................... 4
Com m ittee Oversight Findings ............................................................................... 6
Perform ance Goals and Objectives ......................................................................... 6
Congressional Budget Office Estimates ................................................................. 6
New Budget Authority, Entitlement Authority, and Tax Expenditures ............. 6
Federal M andates Statem ent ................................................................................. 6
Advisory Com m ittee Statem ent .............................................................................. 6
Applicability to Legislative Branch ........................................................................ 6
Earm ark Identification ............................................................................................ 7
Duplication of Federal Program s ............................................................................ 7
Section-By-Section Analysis of the Legislation ..................................................... 7
The amendment is as follows:
Strike all after the enacting clause and insert the following:
SECTION 1. SHORT TITLE.
This Act may be cited as the Stop Fentanyl Money Laundering Act of 2023.
59-006](ViewImageLocal?handle=hein.congrecreports/crptxagtb0001&div=1&collection=&method=preview&ext=.png&size=3)