Art Market Integrity Act

This bill adds many art market businesses to the same anti–money laundering rules that banks follow. Dealers, advisors, galleries, auction houses, museums, and others who act as go-betweens in art sales would need to keep records and report certain money movements. Very small players are excluded: if in the past year you had no single art deal over $10,000, or less than $50,000 total in art deals, or you only sell your own artwork, these rules would not apply to you . “Work of art” here means original paintings, sculptures, prints, drawings, photos, installation art, and video art—not product or fashion design, architecture, interior design, or mass‑produced decorative items like ceramics, textiles, or carpets .

The Treasury Department must propose detailed rules within 180 days and update its guidance on risks from high‑value art sales involving sanctioned people within 360 days. The new requirements start on the earlier of when Treasury’s rules take effect or 360 days after this becomes law .

• Who is affected: Art dealers, advisors, consultants, custodians, galleries, auction houses, museums, collectors, and other intermediaries in art sales; not very small operators or artists selling only their own work .
• What changes: Must keep records and report certain transactions to help stop money laundering in the art market; Treasury will set the details in rules .
• When it starts: Treasury proposes rules within 180 days; guidance updated within 360 days; requirements begin on the rules’ effective date or 360 days after enactment, whichever comes first .