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Enhancing Treasury's Anti-Terror Tools Act
Legislative Progress
Momentum (last 30 days)
0
score
0 actions · 0 new cosponsors · 0 votes
Speed vs cohort
51pct
14d open
vs 6,526 other HR bills in the 114th — cohort avg 56d
Enhancing Treasury's Anti-Terror Tools Act (Sec. 2) This bill instructs the Department of the Treasury to report to Congress on the employment by U.S. embassies of full-time and temporary Treasury attaches and their role in advancing U.S. anti-terrorism financing interests, including concerning: how Treasury's interests relating to anti-terror finance, money laundering, and related illicit finance issues are handled at other embassies; issues identified by Treasury attaches concerning anti-terror finance, money laundering, and related illicit finance; recommendations to improve coordination between Treasury and foreign financial ministries of efforts to block the financing of terror, money laundering, and related illicit finance; and whether Treasury's interests relating to anti-terror finance, money laundering, or related illicit finance issues are thought to be underrepresented in some embassies or regions. (Sec. 3) The bill revises Treasury's authority to issue an order imposing recordkeeping and reporting requirements upon financial institutions and nonfinancial trade or business groups in certain geographic areas regarding transactions for the payment, receipt, or transfer of U.S. coins or currency (or other monetary instruments as Treasury may describe). Such an order may include all funds, not just U.S. coins or currency, involved in such transactions. (Sec. 4) Treasury shall study: the advisability and implications of transforming the Office of Terrorism and Financial Intelligence into a stand-alone bureau of Treasury, the potential efficacy of requiring banking regulators to establish a pilot technical assistance program for depository institutions and credit unions that furnish account services to money services businesses serving individuals in Somalia and whether it could improve the ability of Americans to legitimately send funds through transparent and easily monitored channels, and the potential impact of allowing money services businesses to share their state examinations with depository institutions and credit unions. (Sec. 6) The bill expresses the sense of Congress that Treasury should work with finance ministry counterparts worldwide to spur the development of entities similar to its Office of Intelligence and Analysis to integrate the intelligence community with anti-money laundering and counter-terrorist financing efforts.
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2016 · second_quarter · Banking
H.R. 2209: A bill to require the appropriate Federal banking agencies to treat certain municipal obligations as level 2A liquid assets, and for other purposes; Provisions related bank regulation. H.R. 2947: A bill to amend title 11 of the United States Code in order to facilitate the resolution of an insolvent financial institution in bankruptcy; Provisions related bankruptcy reform. S. 1840: A bill to amend title 11, United States Code to provide for the liquidation, reorganization, or recapitalization of a covered financial corporation, and for other purposes; Provisions related to bankruptcy reform. S. 1841: A bill to amend title 11, United States Code to provide for the liquidation, reorganization, or recapitalization of a covered financial corporation, and for other purposes; Provisions related bankruptcy reform. H.R. 2205: A bill to protect financial information relating to consumers, to require notice of security breaches, and for other purposes; Provisions related to data security. H.R. 4450: A bill to amend title 31, United States Code, to ensure that persons who form corporations or limited liability companies in the United States disclose the beneficial owners of those corporations or limited liability companies, in order to prevent wrongdoers from exploiting United States corporations and limited liability companies for criminal gain, to assist law enforcement in detecting, preventing, and punishing terrorism, money laundering, and other misconduct involving United States corporations and limited liability companies, and for other purposes; Provisions related to AML / BSA. H.R. 5027: A bill to amend the Federal Reserve Act to adjust the circumstances under which Federal reserve bank stock is callable, and for other purposes; Provisions related to Federal Reserve Bank Stock. H.R. 5465: A bill to repeal section 1075 of the Consumer Protection Financial Act of 2010 relating to rules for payment card transactions, and for other purposes; Provisions related to interchange. H.R. 5485: Financial Services and General Government Appropriations Act, 2017; Provisions related to bankruptcy. H.R. 5594: A bill to require the establishment of a national strategy for combating the financing of terrorism and related financial crimes, and for other purposes; Provisions related to AML / BSA. H.R. 5602: A bill to amend title 31, U.S. Code, to authorize the Secretary of the Treasury to include all funds when issuing certain geographic targeting orders, and for other purposes; Provisions related to AML / BSA. H.R. 5603: A bill to authorize the Secretary of the Treasury pay rewards under an asset recovery rewards program to help identify and recover stolen assets linked to foreign government corruption and the proceeds of such corruption hidden behind complex financial structures in the U.S. and abroad; Provisions related to AML / BSA. H.R. 5606: A bill to facilitate better information sharing to assist in the fight against the funding of terrorist activities, and for other purposes; Provisions related to AML / BSA. H.R. 5607: A bill to enhance the Department of the Treasury's role in protecting national security, and for other purposes; Provisions related to AML / BSA. S. 2040: Justice Against Sponsors of Terrorism Act: A bill to deter terrorism, provide justice for victims, and for other purposes; Provisions related to liability. S. 2489: A bill to ensure that persons who form corporations in the United States disclose the beneficial owners of those corporations, in order to prevent the formation of corporations with hidden owners, stop the misuse of United States corporations by wrongdoers, and assist law enforcement in detecting, preventing, and punishing terrorism, money laundering, tax evasion, and other criminal and civil misconduct involving United States corporations, and for other purposes; Provisions related to AML / BSA. S. 3024: Small Business Cyber Security Improvements Act of 2016: A bill to improve cyber security for small businesses; Provisions related to Cyber Security. Issues related to Treaty Doc. 112-6; Provisions related to securities law. DFA Title I, Implementation of Title I of Dodd-Frank; Provisions related to bank resolution. Orderly Liquidation, Implementation of Title II of Dodd-Frank; Provisions related to bank resolution.
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Motion to reconsider laid on the table Agreed to without objection.
On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 362 - 45 (Roll no. 402). (text: CR H4588)
HousePassed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 362 - 45 (Roll no. 402).(text: CR H4588)
HouseConsidered as unfinished business. (consideration: CR H4623-4624)
At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
DEBATE - The House proceeded with forty minutes of debate on H.R. 5607.
Considered under suspension of the rules. (consideration: CR H4588-4590)
Mr. Fitzpatrick moved to suspend the rules and pass the bill, as amended.
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Sources: Congress.gov
Client expense: $210,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
Referred to the Committee on Financial Services, and in addition to the Committees on Foreign Affairs, Ways and Means, Armed Services, and Intelligence (Permanent Select), for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Congress.gov source codes: H11100, H11100-A
Introduced in House
Congress.gov source codes: 1000, Intro-H
| House |
| Referred to |
| June 28, 2016 |
| Foreign Affairs Committee | House | Referred to | June 28, 2016 |
| Financial Services Committee | House | Referred to | June 28, 2016 |
| Democratic |
| NY |
| J. French Hill | Republican | AR |
| Keith Ellison | Democratic | MN |
| Maxine Waters | Democratic | CA |
| Michael G. Fitzpatrick | Republican | PA |
| Peter T. King | Republican | NY |
| Stephen F. Lynch | Democratic | MA |
| Steve Stivers | Republican | OH |