# 119-hr-7993: Somaliland Economic Access and Opportunity Act

119-hr-7993, Somaliland Economic Access and Opportunity Act, is a 119th Congress bill sponsored by Rep. Rose, John W. [R-TN-6] (R-TN); status introduced; PRIA reads it as touching household money (as of 2026-04-21).

- Canonical: https://policyrisk.com/legislation/119-hr-7993
- As of: 2026-04-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-7993
- Congress: 119
- Title: Somaliland Economic Access and Opportunity Act
- Status: introduced
- Introduced: 2026-03-19
- Sponsor: Rep. Rose, John W. [R-TN-6] (R-TN)
- Cosponsors: 3
- Policy area: International Affairs
- Touches household money: yes
- Last recorded action: 2026-04-21

## Summary

**This bill would require the Treasury to produce a comprehensive report analyzing barriers to Somaliland's access to the U.S. financial system.** It centers the review on improving remittance and trade flows while protecting against money laundering and terrorist financing. - Somaliland officials would receive a detailed set of recommendations on meeting international standards and steps to expand financial access, including evaluating IMF and World Bank resources and options related to SWIFT inclusion. - People who send or receive remittances would see their flow challenges analyzed and receive recommendations for information sharing, due diligence, and monitoring tools to reduce illicit finance risks. - U.S. financial institutions and other stakeholders would be consulted to shape practical safeguards. Treasury must provide the report to the House Committee on Financial Services and the Senate Committee on Banking, Housing, and Urban Affairs within 180 days after enactment.

## Cosponsors (3)

- Rep. Ogles, Andrew [R-TN-5] (R-TN), 2026-03-19T00:00:00.000Z
- Rep. Harrigan, Pat [R-NC-10] (R-NC), 2026-03-19T00:00:00.000Z
- Rep. McDowell, Addison P. [R-NC-6] (R-NC), 2026-03-26T00:00:00.000Z

## Provisions PRIA read

- Study to expand Somaliland financial access: benefit, low. If enacted, the Treasury Department would have to deliver a report within 180 days of enactment. The report would go to the House Committee on Financial Services and the Senate Committee on Banking, Housing, and Urban Affairs. It would analyze legal, regulatory, and policy barriers to Somaliland’s…

## Related bills

- 119-hr-6644: 21st Century ROAD to Housing Act
- 119-hr-3132: CHOICE for Veterans Act of 2025
- 119-hr-3151: SHIPS for America Act of 2025
- 119-hr-2395: SHORT Act
- 119-hr-5483: Chloe Cole Act
- 119-hr-987: Fair Access to Banking Act

## Sources
- [119-hr-7993 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/7993)

## Related
- [119-hr-6644: 21st Century ROAD to Housing Act](https://policyrisk.com/legislation/119-hr-6644)
- [119-hr-3132: CHOICE for Veterans Act of 2025](https://policyrisk.com/legislation/119-hr-3132)
- [119-hr-3151: SHIPS for America Act of 2025](https://policyrisk.com/legislation/119-hr-3151)
- [119-hr-2395: SHORT Act](https://policyrisk.com/legislation/119-hr-2395)
- [119-hr-5483: Chloe Cole Act](https://policyrisk.com/legislation/119-hr-5483)
- [119-hr-987: Fair Access to Banking Act](https://policyrisk.com/legislation/119-hr-987)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-7993 (as of 2026-04-21).