House Bill Seeks Report on Hong Kong’s Role in Evading Export Controls, Sanctions
Reps. Joe Wilson, R-S.C., and Jimmy Panetta, D-Calif., introduced a bill May 7 that would require the administration to write a report to Congress on Hong Kong’s role in export control and sanctions evasion. The Stop Corrupt Communist Party Money…
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Laundering Act, or Stop CCP Money Laundering Act, also would direct the Treasury Department to determine whether Hong Kong is a jurisdiction of primary money laundering concern. The bill, which was referred to the House Financial Services and Foreign Affairs committees, is a companion to legislation that Sens. John Curtis, R-Utah, and Jeff Merkley, D-Ore., introduced in April (see 2504080060).