Somaliland Economic Access and Opportunity Act

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 7993 Introduced in House (IH)] <DOC> 119th CONGRESS 2d Session H. R. 7993 To require the Secretary of the Treasury to submit to Congress a comprehensive report on barriers to Somaliland's access to the United States financial system, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES March 19, 2026 Mr. Rose (for himself, Mr. Ogles, and Mr. Harrigan) introduced the following bill; which was referred to the Committee on Financial Services _______________________________________________________________________ A BILL To require the Secretary of the Treasury to submit to Congress a comprehensive report on barriers to Somaliland's access to the United States financial system, and for other purposes. 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 ``Somaliland Economic Access and Opportunity Act''. SEC. 2. FINDINGS AND SENSE OF CONGRESS. (a) Findings.--Congress finds the following: (1) Somaliland occupies a strategically significant position in the Horn of Africa, adjacent to critical maritime routes in the Gulf of Aden. (2) Financial engagement with Somaliland has the potential to advance U.S. interests in regional security, and economic stability. (3) Somaliland faces legal, regulatory, and institutional barriers in accessing the United States and international financial systems, which may adversely impact remittances, trade, anti-money laundering efforts, and counter-terrorism financing. (4) The United States has a national security and humanitarian interest in ensuring that Somaliland's financial sector operates with transparency, integrity, and compliance with international standards. (b) Sense of Congress.--It is the sense of Congress that-- (1) the United States should explore opportuniti