US HB7993

Requires the Secretary of the Treasury to submit a report to Congress within 180 days analyzing barriers to Somaliland's access to the U.S. financial system, including issues related to international recognition status, KYC/AML/CTF compliance, and remittance challenges

Directs the report to include recommendations for Somaliland authorities to enhance compliance with IMF, World Bank, and Financial Action Task Force (FATF) international financial standards

Calls for evaluation of U.S. steps to facilitate Somaliland's financial access, including using U.S. influence at international financial institutions and assessing incorporation into the SWIFT payment system

Requires recommendations on mechanisms and technologies to prevent money laundering, terrorism financing, and other illicit activities connected to remittances and financial system access

Authorizes the Treasury Secretary to consult directly with Somaliland government officials (including the Central Bank and Ministry of Finance) and private-sector financial institutions when preparing the report