Take Action: Urge the Senate to Pass the Empowering Financial Institutions to Fight Human Trafficking Act of 2018 (H.R. 6729)
The financial services industry is one of the best allies we have in the fight against human trafficking. Banks, credit card companies and others in that sector can sift through data to find patterns that indicate human trafficking and help to shut those networks down.
But under current law, nonprofits that share data with the financial services industry lack liability protections. That law needs to change so nonprofits and the financial service industry can work together, responsibly, to end human trafficking.
Under this pending legislation, the Secretary of the Treasury is given the authority to develop regulations to:
register non-profit organizations that meet certain qualifications before qualifying to be protected through this mechanism.
determine what information may be shared under this protection, which financial institutions may receive information, and how financial institutions may share information received through currently regulated and protected information sharing programs.
make the processes outlined in the bill coexistent with current information sharing mechanisms and to utilize existing guidance or regulations for this process as necessary.
Identifying the profits of criminal activity is an extremely complicated business. As we get better at detecting, criminals get better at evading. This bill will allow the sharing of critical data that may assist in the detection, deterrence, or prevention of trafficking to financial institutions. If leads from NGOs can be provided to financial institutions, this could lead to more relevant and actionable information for law enforcement, and ultimately stop large international human trafficking rings.
We need your help to call on the U.S. Senate to pass a bill that stops human traffickers from profiting through U.S. banks. Don't wait - use to the form to send a letter directly to your U.S. Senators urging them to act.