Somaliland Economic Access and Opportunity Act
This bill requires the U.S. Secretary of the Treasury to submit a comprehensive report to Congress within 180 days on barriers preventing Somaliland from accessing the United States financial system. The report must examine legal, regulatory, and policy obstacles related to Somaliland's international recognition status, compliance with anti-money laundering and counter-terrorism financing standards, and challenges to remittance flows. Additionally, the report should include recommendations for steps Somaliland can take to improve compliance with international financial norms and actions the U.S. government could take to facilitate financial access, such as evaluating World Bank and IMF resource allocation and assessing SWIFT system integration. The Treasury Secretary may consult with Somaliland government officials and private financial institutions while preparing the report.
Bill status
in committee
1 of 4 stages cleared
Introduction
Mar 2026
Committee Review
Floor Vote
President
Introduced Mar 19, 2026
Last action Mar 19, 2026
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Mar 19, 2026
Committee
Referred to the House Committee on Financial Services.
lower
Mar 19, 2026
Introduced
Introduced in House
lower
1 primary · 3 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
John W. Rose
RRepublican
Co
Addison P. McDowell
RRepublican
Co
Andrew Ogles
RRepublican
Co
Pat Harrigan
RRepublican
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