Stop CCP Money Laundering Act of 2025
This bill requires U.S. federal agencies to assess Hong Kong's role in potential money laundering and sanctions violations. Within 180 days, the Treasury Secretary must determine if Hong Kong qualifies as a "jurisdiction of primary money laundering concern," and within 360 days, State, Treasury, and Commerce must report on Hong Kong's role in facilitating exports to sanctioned countries like Russia and Iran, and whether China's security laws hinder Hong Kong financial institutions from following U.S. anti-money laundering standards. The bill directly affects U.S. agencies responsible for implementing financial regulations and Hong Kong's financial institutions operating under U.S. sanctions regimes. It mandates specific reviews but does not impose new penalties or alter existing laws.
Bill status
in committee
1 of 4 stages cleared
Introduction
Apr 2025
Committee Review
Floor Vote
President
Introduced Apr 8, 2025
Last action Apr 8, 2025
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Apr 8, 2025
Committee
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
upper
Apr 8, 2025
Introduced
Introduced in Senate
upper
1 primary · 2 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
John R. Curtis
RRepublican
Co
Jeff Merkley
DDemocratic
Co
Rick Scott
RRepublican
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