# 119-s-2400: Art Market Integrity Act

119-s-2400, Art Market Integrity Act, is a 119th Congress bill sponsored by Sen. Fetterman, John [D-PA] (D-PA); status introduced; PRIA reads it as touching household money (as of 2025-12-21).

- Canonical: https://policyrisk.com/legislation/119-s-2400
- As of: 2025-12-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-2400
- Congress: 119
- Title: Art Market Integrity Act
- Status: introduced
- Introduced: 2025-07-23
- Sponsor: Sen. Fetterman, John [D-PA] (D-PA)
- Cosponsors: 5
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2025-12-21

## Summary

**Would bring art market intermediaries under anti-money-laundering reporting rules.** This bill would add dealers, galleries, auction houses, museums, collectors and other intermediaries in the trade of original works of art to the list of persons who must keep records and report certain monetary transactions, while defining what counts as a "work of art" and excluding applied and mass-produced decorative pieces. - Dealers, galleries, auction houses, museums, collectors, advisors, consultants and custodians would need to keep records and file reports for art transactions that exceed $10,000 in a single sale or $50,000 in total sales in the prior year. - Individuals who are engaged in the art market only to sell works they personally created would be exempt from the new recordkeeping and reporting requirements. - The Secretary of the Treasury and the Financial Crimes Enforcement Network would have rulemaking roles. FinCEN would be required to propose rules within 180 days and Treasury would update an OFAC advisory within 360 days, with rules to clarify coverage by location, agent role, and possible additional exemptions.

## Cosponsors (5)

- Sen. Grassley, Chuck [R-IA] (R-IA), 2025-07-23T00:00:00.000Z
- Sen. Whitehouse, Sheldon [D-RI] (D-RI), 2025-07-23T00:00:00.000Z
- Sen. McCormick, David [R-PA] (R-PA), 2025-07-23T00:00:00.000Z
- Sen. Kim, Andy [D-NJ] (D-NJ), 2025-07-23T00:00:00.000Z
- Sen. Cassidy, Bill [R-LA] (R-LA), 2025-07-23T00:00:00.000Z

## Provisions PRIA read

- New reporting rules for art dealers: cost, medium. This bill would require art-market intermediaries to keep records and make certain reports. It would apply to dealers, galleries, auction houses, museums, collectors, advisors, custodians, and other intermediaries. The rule would not apply if, in the prior year, you had no single art transaction ov…
- Updated sanctions guidance for art sales: mixed, low. This bill would require Treasury to update OFAC guidance on high-value art transactions that may involve sanctioned people or entities. Treasury must coordinate with other federal agencies. The updated guidance must be issued within 360 days of enactment.

## Related bills

- 119-s-1748: Kids Online Safety Act
- 119-s-1241: Sanctioning Russia Act of 2025
- 119-s-1261: CONNECT for Health Act of 2025
- 119-s-339: Nancy Gardner Sewell Medicare Multi-Cancer Early Detection Screening Coverage Act
- 119-sres-913: A resolution relating to the death of the Honorable Nancy Kassebaum, former United States Senator for the State of Kansas.
- 119-sres-897: A resolution honoring the life, service, and legacy of the Honorable Jon Llewellyn Kyl, former Senator for the State of Arizona.

## Sources
- [119-s-2400 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/2400)

## Related
- [119-s-1748: Kids Online Safety Act](https://policyrisk.com/legislation/119-s-1748)
- [119-s-1241: Sanctioning Russia Act of 2025](https://policyrisk.com/legislation/119-s-1241)
- [119-s-1261: CONNECT for Health Act of 2025](https://policyrisk.com/legislation/119-s-1261)
- [119-s-339: Nancy Gardner Sewell Medicare Multi-Cancer Early Detection Screening Coverage A…](https://policyrisk.com/legislation/119-s-339)
- [119-sres-913: A resolution relating to the death of the Honorable Nancy Kassebaum, former Uni…](https://policyrisk.com/legislation/119-sres-913)
- [119-sres-897: A resolution honoring the life, service, and legacy of the Honorable Jon Llewel…](https://policyrisk.com/legislation/119-sres-897)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-2400 (as of 2025-12-21).