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US SB799
Bill
AI Summary
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Secretary of State must develop a multi-year Legal Gold and Mining Partnership Strategy within 180 days to combat illicit gold mining in the Western Hemisphere, with semiannual briefings to Congress for 3 years
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Strategy targets links between artisanal/small-scale mining and transnational criminal organizations, drug traffickers, and terrorist groups (including ELN and El Tren de Aragua) that profit from illicit gold in Latin America
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Over 70% of gold mined in Colombia, Ecuador, and Peru, and 80% in Venezuela is mined illicitly; Nicaragua exported approximately $989 million in gold in 2021, with $898 million shipped to the United States
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Requires classified briefing within 90 days on illicit gold mining activities in Venezuela, including operations by FARC defectors and ELN members, and Venezuela's gold trade with Turkey and Iran
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Authorizes up to $10 million for fiscal years 2025-2026 and directs establishment of public-private partnerships with Colombia, Ecuador, and Peru to promote responsible gold sourcing, supply chain traceability, and formalization of artisanal mining operations
Legislative Description
United States Legal Gold and Mining Partnership Act
International affairs
Last Action
Committee on Foreign Relations. Ordered to be reported with an amendment in the nature of a substitute favorably.
10/22/2025