To require a determination and report relating to money laundering and violations of export controls and sanctions in Hong Kong.

# Summary of HR 3264 **What the Bill Would Do** HR 3264 would require the U.S. government to investigate and report on money laundering activities and violations of export controls and sanctions laws in Hong Kong. If passed, federal agencies would need to assess the extent of these financial crimes and illegal export activities occurring in or connected to Hong Kong, then submit their findings to Congress. **Who It Affects** This bill would primarily affect U.S. government agencies responsible for enforcing financial and trade laws, such as the Treasury Department and Commerce Department.

Indirectly, it could impact U.S. businesses operating in Hong Kong and financial institutions that conduct business there, depending on what the report reveals and what actions might follow. **Current Status** The bill was introduced by Representative Joe Wilson (R-South Carolina) in the 119th Congress and remains in committee, meaning it has not yet been debated or voted on by the full House of Representatives. No specific provisions beyond the reporting requirement are detailed in the available information.