H.R. 3523: To require the Secretary of the Treasury to designate certain covered organizations as Foreign Financial Threat Organizations, and for other purposes.

Quick Facts:

Bill Sponsor: Rep. Jefferson Shreve (R-IN-6)

Congress: 119

Date Introduced: May 20, 2025

Last Action: Referred to the Committee on Foreign Affairs, and in addition to the Committees on Financial Services, 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. (May 20, 2025)

View on Congress.gov

To require the Secretary of the Treasury to designate certain covered organizations as Foreign Financial Threat Organizations, and for other purposes.

This bill-

  • Requires the Secretary of the Treasury to designate a foreign entity as a Foreign Financial Threat Organization (FFTO).
  • Freezes assets for FFTO once designated, Congress is notified, and the designation is published in the Federal Register. 
  • Includes the same punishments for the FFTO as those of designated Foreign Terrorist Organizations (FTO). 

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