US Congress House Bill 5607 (Prior Session Legislation)

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Spectrum: Bipartisan Bill
Status: Engrossed on July 12 2016 - 50% progression, died in committee
Action: 2016-07-12 - Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Pending: Senate Banking, Housing, And Urban Affairs Committee
Text: Latest bill text (Engrossed) [PDF]

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.

Enhancing Treasury's Anti-Terror Tools Act

Rep. Robert Pittenger [R-NC]	Rep. Stephen Lynch [D-MA]	Rep. Maxine Waters [D-CA]	Rep. Michael Fitzpatrick [R-PA]
Rep. Peter King [R-NY]	Rep. Gregory Meeks [D-NY]	Rep. Steve Stivers [R-OH]	Rep. Bruce Poliquin [R-ME]
Rep. Keith Ellison [D-MN]	Rep. French Hill [R-AR]	Rep. Bill Foster [D-IL]	Rep. Al Green [D-TX]

House - On Motion to Suspend the Rules and Pass, as Amended (Y: 362 N: 45 NV: 26 Abs: 0) [PASS]
House - On Motion to Suspend the Rules and Pass, as Amended (Y: 362 N: 45 NV: 26 Abs: 0) [PASS]

Date	Chamber	Action
2016-07-12	Senate	Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
2016-07-11	House	Motion to reconsider laid on the table Agreed to without objection.
2016-07-11	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)
2016-07-11	House	Considered as unfinished business. (consideration: CR H4623-4624)
2016-07-11	House	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.
2016-07-11	House	DEBATE - The House proceeded with forty minutes of debate on H.R. 5607.
2016-07-11	House	Considered under suspension of the rules. (consideration: CR H4588-4590)
2016-07-11	House	Mr. Fitzpatrick moved to suspend the rules and pass the bill, as amended.
2016-06-28	House	Referred to House Intelligence (Permanent)
2016-06-28	House	Referred to House Armed Services
2016-06-28	House	Referred to House Ways and Means
2016-06-28	House	Referred to House Foreign Affairs
2016-06-28	House	Referred to House Financial Services
2016-06-28	House	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.
2016-06-28	House	Introduced in House

Type	Source
Summary	https://www.congress.gov/bill/114th-congress/house-bill/5607/all-info
Text	https://www.congress.gov/114/bills/hr5607/BILLS-114hr5607ih.pdf
Text	https://www.congress.gov/114/bills/hr5607/BILLS-114hr5607eh.pdf
Roll Call	https://clerk.house.gov/Votes/2016402