Amendment · S.Amdt. 5891· Senate(119-SAMDT-5891)
S.Amdt. 5891
- Introduced
- 6/22/2026
- Sponsored by
- John Curtis
- Cosponsors
- - 0 - 1
- Changes bill
- 119-S-4784 — National Defense Authorization Act for Fiscal Year 2027
- Introduced
- Pending Consideration
What this amendment would do
This amendment, SA 5891, aims to add Section 1252 to the bill. Its purpose is to establish measures to address sanctions violations, export controls, and money laundering in Hong Kong.
Key Changes and Additions:
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Money Laundering Determination: The Secretary of the Treasury must determine, within 180 days of the Act's enactment, if there are reasonable grounds to conclude that the Hong Kong Special Administrative Region is a jurisdiction of primary money laundering concern.
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Export Control and Sanctions Report: Within 360 days, the Secretary of the Treasury, working with the Secretary of State and the Secretary of Commerce, must provide a report on the ability of financial institutions in Hong Kong to stop transactions that violate U.S. sanctions and export controls involving entities like the Russian Federation and Iran.
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Report Details: The required report must evaluate:
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How Hong Kong's role as a trading and financial center facilitates the transfer of technology, software, or commodities to U.S. adversaries.
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If the January 2024 Safeguarding National Security Ordinance of Hong Kong and the 2020 National Security Law of the People's Republic of China have hindered financial institutions from following know-your-customer and anti-money laundering standards.
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The level of cooperation and any challenges between U.S. and Hong Kong authorities in enforcing sanctions and export controls.
- 6/22/2026
- 1 Cosponsor added.
- Senate amendment submitted
Jeff MerkleyDemocrat · Oregon