Art Market Integrity Act

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 2400 Introduced in Senate (IS)] <DOC> 119th CONGRESS 1st Session S. 2400 To amend title 31, United States Code, to subject certain art traders to provisions relating to records and reports on monetary instruments transactions. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES July 23, 2025 Mr. Fetterman (for himself, Mr. Grassley, Mr. Whitehouse, Mr. McCormick, Mr. Kim, and Mr. Cassidy) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs _______________________________________________________________________ A BILL To amend title 31, United States Code, to subject certain art traders to provisions relating to records and reports on monetary instruments transactions. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Art Market Integrity Act''. SEC. 2. RECORDS AND REPORTS ON MONETARY INSTRUMENTS TRANSACTIONS. (a) Records and Reports.-- (1) In general.--Section 5312 of title 31, United States Code, is amended-- (A) in subsection (a)(2)-- (i) by redesignating subparagraphs (Y) and (Z) as subparagraphs (Z) and (AA), respectively; and (ii) by inserting after subparagraph (X) the following: ``(Y) a person engaged in the trade in works of art, including a dealer, advisor, consultant, custodian, gallery, auction house, museum, collector, or any other person who engages as a business as an intermediary in the sale of works of art, unless the person-- ``(i) during the prior year, participated in no single transaction valued over $10,000 that involved a work of art; ``(ii) has not, during the prior year, participated in total transactions valued at $50,000 that involved a work of art; or ``(iii) is a person engaged in the art market for the sole purpose o