Section 1 Short title
This Act may be cited as the “Illicit Art and Antiquities Trafficking Prevention Act”.
Illicit Art and Antiquities Trafficking Prevention Act
A BILL
To apply the Bank Secrecy Act to dealers in art or antiquities.
Sec. 2 Application of Bank Secrecy Act to dealers in art or antiquities
In general— Section 5312(a)(2) of title 31, United States Code, is amended—
in subparagraph (Y), by striking “or” at the end;
in subparagraph (Z), by striking the period and inserting “; or”; and
by adding at the end the following:
“(AA) dealers in art or antiquities.”
Rulemaking— Not later than the end of the 180-day period beginning on the date of the enactment of this Act, the Secretary of the Treasury shall issue regulations to carry out the amendments made by subsection (a).
Effective date— Section 5312(a)(2)(AA) of title 31, United States Code, as added by subsection (a), shall take effect after the end of the 270-day period beginning on the date of the enactment of this Act.