To make reforms to the Federal Bank Secrecy Act and anti-money laundering laws, and for other purposes.
Coordinating Oversight, Upgrading and Innovating Technology, and Examiner Reform Act of 2019 or the COUNTER Act of 2019
This bill generally revises requirements related to anti-money-laundering and counter-terrorism-financing laws.
Among other things, the bill
The bill also increases penalties for violations of anti-money-laundering and counter-terrorism-financing laws, requires antiquities dealers to comply with these laws, and requires the reporting of beneficial ownership information to FinCEN in certain commercial real estate transactions.
Every five years, Treasury must update the threshold amounts for currency transaction reports to reflect inflation.
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Referred to the House Committee on Financial Services.
Referred to the House Committee on Financial Services.
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Introduced in House
Introduced in House
Referred to the Committee on Financial Services, and in addition to the Committee on Ways and Means, 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.
Referred to the Committee on Financial Services, and in addition to the Committee on Ways and Means, 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.
Referred to the Subcommittee on Trade.
Reported (Amended) by the Committee on Financial Services. H. Rept. 116-245, Part I.
Reported (Amended) by the Committee on Financial Services. H. Rept. 116-245, Part I.
Committee on Ways and Means discharged.
Committee on Ways and Means discharged.
Placed on the Union Calendar, Calendar No. 195.
Mr. Scott, David moved to suspend the rules and pass the bill, as amended.
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Considered under suspension of the rules. (consideration: CR H8494-8503)
DEBATE - The House proceeded with forty minutes of debate on H.R. 2514.
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.(text: CR H8494-8501)
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H8494-8501)
Motion to reconsider laid on the table Agreed to without objection.
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.