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The "Preventing the Financing of Illegal Synthetic Drugs Act" aims to combat the funding of illegal synthetic drug production and distribution by enhancing financial regulations. The bill requires the Secretary of the Treasury to report to Congress on efforts to prevent money laundering related to synthetic drugs, imposes penalties for violations, and enhances coordination among relevant agencies. It seeks to disrupt the financial networks supporting illicit synthetic drug activities and strengthen enforcement against those involved in financing such operations.

Bill Activity

2023-02-17: Introduced in House
2023-02-17: Referred to the Committee on Financial Services, and in addition to the Committees on the Judiciary, and Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
2023-02-24: Referred to the Subcommittee on Health.
2023-02-28: Committee Consideration and Mark-up Session Held.
2023-02-28: Ordered to be Reported in the Nature of a Substitute (Amended) by Voice Vote.
2023-05-22: Reported (Amended) by the Committee on Financial Services. H. Rept. 118-75, Part I.
2023-05-22: Committee on the Judiciary discharged.
2023-05-22: Committee on Energy and Commerce discharged.
2023-05-22: Placed on the Union Calendar, Calendar No. 55.
2023-05-22: Mr. Luetkemeyer moved to suspend the rules and pass the bill, as amended.
2023-05-22: Considered under suspension of the rules. (consideration: CR H2469-2471)
2023-05-22: DEBATE - The House proceeded with forty minutes of debate on H.R. 1076.
2023-05-22: At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
2023-05-22: Considered as unfinished business. (consideration: CR H2483)
2023-05-22: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 402 - 2 (Roll no. 228). (text: CR H2469)
2023-05-22: Motion to reconsider laid on the table Agreed to without objection.
2023-05-30: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
2024-07-23: Senate Committee on Banking, Housing, and Urban Affairs discharged by Unanimous Consent.
2024-07-23: Passed Senate without amendment by Unanimous Consent. (consideration: CR S5319; text: CR S5319)
2024-07-24: Message on Senate action sent to the House.