Reps. Royce, Maloney, Love and Keating Introduce Bipartisan Bill to Combat Human Trafficking
Washington, D.C. – House Foreign Affairs Committee Chairman Ed Royce (R-CA) and Reps. Carolyn Maloney (D-NY), Mia Love (R-UT), and Bill Keating (D-MA) have introduced the End Banking for Human Traffickers Act (H.R. 2219) to help law enforcement and the financial industry better detect money laundering related to human trafficking.
Chairman Royce: “Human trafficking has devastated the lives of tens of millions of victims around the world, including here in the United States. The perpetrators of these disgusting acts prey on some of the most defenseless people in our societies, including women and even young children. This form of modern-day slavery makes criminal gangs billions each year. The End Banking for Human Traffickers Act will help law enforcement and financial institutions identify and report suspected human traffickers so that they can be prosecuted to the full extent of the law. We must start using every tool at our disposal to help end human trafficking.”
Rep. Maloney: “Many Americans remain unaware that modern day slavery is happening here in the United States, but it is a multibillion dollar criminal industry. Human traffickers are holding people captive, degrading their humanity and selling victims and their bodies over and over again – and making huge profits. They are using our financial institutions to launder illegal income. This bill’s straightforward approach directs federal banking regulators to coordinate with law enforcement and financial institutions to target pimps and the traffickers and stop their operations. By employing smart strategies to follow the money in these illegal transactions, we can more effectively identify and prosecute traffickers. I am proud to join Reps. Royce, Keating and Love as a cosponsor of the End Banking for Human Traffickers Act.”
Rep. Love: “Human trafficking is both a domestic and global problem that takes many forms and severely harms millions of victims every day. While these pernicious and heinous crimes destroy lives, families, and communities, they bring billions of dollars of revenue in for criminals each year. This is unacceptable. That’s why I am proud to cosponsor the End Banking for Human Traffickers Act, which provides the financial industry and regulatory agencies additional tools to deny traffickers access to the financial system.”
Rep. Keating: “This legislation is a critical piece of the puzzle necessary to eliminate human trafficking. By providing financial institutions and regulators with the resources and tools to both detect and prevent these crimes and hold criminals responsible, we are further reinforcing the tireless work of the Interagency Task Force to Monitor and Combat Trafficking in Persons. I am proud to join in introducing this common-sense, bipartisan legislation.”
NOTE: Earlier this week, Senators Marco Rubio (R-FL) and Elizabeth Warren (D-MA) introduced the End Banking for Human Traffickers Act (S. 952).