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S. 410

BillFederalSenateIn Committee
A bill to require the Comptroller General of the United States to carry out a study on how virtual currencies and online marketplaces are used to buy, sell, or facilitate the financing of goods or services associated with sex trafficking or drug trafficking, and for other purposes.
About This Bill
Committee
Latest Action · February 7, 2019
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Congress
116th (2019–2021)
Introduced
February 7, 2019
Sponsor
Sen. Catherine Cortez MastoD
Cosponsors (1)
0D 1R
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Summary

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Fight Illicit Networks and Detect Trafficking Act or the FIND Trafficking Act This bill directs the Government Accountability Office (GAO) to report on the use of virtual currencies and online marketplaces in sex and drug trafficking. The GAO must study topics including how illicit proceeds are transferred into the U.S. banking system, state and non-state actors that benefit from or participate in such activity, preventative efforts from federal and state agencies, and how to use the unique characteristics of virtual currencies to track illicit activity.

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