Bill · S. 1339· Senate(119-S-1339)
Stop CCP Money Laundering Act of 2025
- Introduced
- 4/8/2025
- Last activity
- 4/8/2025 — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Sponsored by
- John Curtis
- Cosponsors
- - 1 - 1
- Introduced
- In Committee
What this bill would do
This bill, titled the "Stop Corrupt Communist Party Money Laundering Act of 2025," seeks to investigate financial activities in Hong Kong. It requires the Secretary of the Treasury to determine if Hong Kong should be designated as a primary money laundering concern. Additionally, it mandates a report regarding how Hong Kong relates to export control and sanctions violations. This report involves the Secretaries of State, Treasury, and Commerce. The assessment focuses on the transfer of products, technology, and money to certain countries and entities.
Yes· 3 of 6
Does this give people more protection from unfair business practices?+5
Enhancing oversight of money laundering and sanctions violations can improve the integrity of international trade and consumer protections.
Does this make patent and copyright rules fairer?+5
The report aims to address the illegal transfer of technology, which helps protect intellectual property and technological advantages.
Does this make trade with other countries easier?+4
By targeting illegal transfers of technology and money, the bill aims to protect the integrity of international trade regimes.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
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Money Laundering Oversight: Under Section 2(a), the Secretary of the Treasury must determine if there are reasonable grounds to designate Hong Kong as a jurisdiction of primary money laundering concern. This could help identify and address money laundering activities.
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Sanctions and Export Control Assessment: Per Section 2(b)(1), the government will assess the ability of financial institutions in Hongs Kong to prevent transactions that violate United States export controls and sanctions. This could help prevent the illegal transfer of products, technology, and money to the Russian Federation, Iran, and other entities.
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Evaluating Security Laws: Under Section 2(b)(2)(B), the report will assess if specific security laws in Hong Kong have limited the ability of financial institutions to follow global standards for anti-money laundering and know-your-customer procedures.
Potential Negative Impacts for People
- No specific negative impacts are explicitly stated in the provided text.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- National Security And Foreign Policy
- Improves International Trade+4Improves International Alliances+3
- Economy And Finance
- Improves Consumer Protection+5
- Education And Technology
- Improves Intellectual Property Fairness+5
- Governance And Ideology
- Increases Federal Power+3Improves Government Transparency+2
- 6/1/2026
- 1 Cosponsor added.
- 4/8/2025
- Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- 1 Cosponsor added.
- Introduced in Senate
Jeff MerkleyDemocrat · Oregon
Rick ScottRepublican · Florida