# 116-hr-8794: Preventing Illicit Finance Act

116-hr-8794, Preventing Illicit Finance Act, is a 116th Congress bill sponsored by Rep. Axne, Cynthia [D-IA-3] (D-IA); status Referred to the House Committee on Financial Services. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/116-hr-8794
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 116-hr-8794
- Congress: 116
- Title: Preventing Illicit Finance Act
- Status: Referred to the House Committee on Financial Services.
- Introduced: 2020-11-20
- Sponsor: Rep. Axne, Cynthia [D-IA-3] (D-IA)
- Cosponsors: 1
- Policy area: Finance and Financial Sector
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

Preventing Illicit Finance Act This bill directs the Department of the Treasury to convene an advisory team to examine strategies to increase cooperation between public and private sectors for purposes of countering illicit finance, and to advise on strategies to combat the risk relating to proliferation financing. The advisory team must include relevant federal agencies, private sector experts in banking, national security, and law enforcement, and other stakeholders.

## Cosponsors (1)

- Rep. Steil, Bryan [R-WI-1] (R-WI), 2020-11-20T00:00:00.000Z

## Related bills

- 116-hr-7883: Agricultural Fairs Rescue Act
- 116-hr-7879: VA Telehealth Expansion Act
- 116-hr-7666: Family Savings Flexibility Act
- 116-hr-7642: Coronavirus Economic Relief for Transportation Services Act
- 116-hr-7595: Drug-Free Communities Pandemic Relief Act
- 116-hr-6364: Securing and Enabling Commerce Using Remote and Electronic Notarization Act of 2020

## Sources
- [116-hr-8794 on Congress.gov](https://www.congress.gov/bill/116th-congress/house-bill/8794)

## Related
- [116-hr-7883: Agricultural Fairs Rescue Act](https://policyrisk.com/legislation/116-hr-7883)
- [116-hr-7879: VA Telehealth Expansion Act](https://policyrisk.com/legislation/116-hr-7879)
- [116-hr-7666: Family Savings Flexibility Act](https://policyrisk.com/legislation/116-hr-7666)
- [116-hr-7642: Coronavirus Economic Relief for Transportation Services Act](https://policyrisk.com/legislation/116-hr-7642)
- [116-hr-7595: Drug-Free Communities Pandemic Relief Act](https://policyrisk.com/legislation/116-hr-7595)
- [116-hr-6364: Securing and Enabling Commerce Using Remote and Electronic Notarization Act of…](https://policyrisk.com/legislation/116-hr-6364)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/116-hr-8794 (as of 2025-11-18).