Acknowledging that the lack of sunlight and transparency in financial transactions and corporate formation poses a threat to our national security and our economy's security and supporting efforts to close related loopholes.
This resolution acknowledges the risks posed to national security by corruption, money laundering, and terror financing and supports efforts to close loopholes that allow such activity in the U.S. financial system. The resolution encourages increased transparency to detect those engaged in money laundering and other financial crimes. The resolution also affirms that those participating in such activities should be held accountable and urges financial institutions to comply with applicable laws and regulations.
Introduced in House
Introduced in House
Referred to the House Committee on Financial Services.
Ms. Waters moved to suspend the rules and agree to the resolution, as amended.
Considered under suspension of the rules. (consideration: CR H2697-2701)
DEBATE - The House proceeded with forty minutes of debate on H. Res. 206.
Passed/agreed to in House: On motion to suspend the rules and agree to the resolution, as amended Agreed to by voice vote.(text: CR H2697)
On motion to suspend the rules and agree to the resolution, as amended Agreed to by voice vote. (text: CR H2697)
The title of the measure was amended. Agreed to without objection.
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