Fetterman and Grassley Push Art Market Regulation Bill
Published on 7.25.25
The Art Market Integrity Act aims to regulate the US art market by requiring dealers and auction houses to comply with anti-money laundering and counter-terrorism financing regulations. The bill targets high-risk transactions, exempting artists and small businesses with less than $50,000 in annual sales, as well as sales under $10,000. It would apply scrutiny to galleries, dealers, intermediaries, and even museums, covering "any person who engages as a business" in the sale of works of art. The bill has been endorsed by several organizations, including Senator John Fetterman and Senator Chuck Grassley, who argue that loopholes have allowed criminals to launder money through art deals.