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United States · Bill · HR

H.R. 5607 (114th)

Enhancing Treasury's Anti-Terror Tools Act

referredUnited States· United States Congress· EN

Introduced

28 June 2016

Last action

12 July 2016 · Introduced

Status

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Sponsors

Robert Pittenger, Rep. Lynch, Stephen F. [D-MA-8], Maxine Waters, Rep. Fitzpatrick, Michael G. [R-PA-8], PETER KING, Rep. Meeks, Gregory W. [D-NY-5], Steve Stivers, Bruce Poliquin, Keith Ellison, J. Hill, Rep. Foster, Bill [D-IL-11], Al Green

Subjects

Discovery layer

Source updated

6 June 2025

Official sourceDownload fileView documentsShare

Summary

Enhancing Treasury's Anti-Terror Tools Act This bill directs the Department of the Treasury to report to certain congressional committees 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 money laundering and related illicit finance. 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. Treasury shall study: the advisability and implications of transforming the Office of Terrorism and Financial Intelligence into a standalone bureau, 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 the potential impact of allowing money services businesses to share their state examinations with depository institutions and credit unions. The bill expresses the sense of Congress that, to better integrate the intelligence community with anti-money laundering and counter-terrorist financing efforts, Treasury should work with finance ministry counterparts worldwide to spur the development of entities similar to its Office of Intelligence and Analysis. Treasury shall collect and make available electronically to federal agencies a unified stream of import and export data and similar currently collected information that would help federal detection and prevention of illicit finance. The National Security Act of 1947 is amended to add the Secretary of the Treasury to the National Security Council.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 28 June 2016

    Introduced

    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.

    Source: IntroReferral

  2. 28 June 2016

    Introduced

    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.

    Source: IntroReferral

  3. 28 June 2016

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 28 June 2016

    Introduced

    Introduced in House

    Source: IntroReferral

  5. 11 July 2016

    Passed

    Motion to reconsider laid on the table Agreed to without objection.

    Source: Floor

  6. 11 July 2016

    Vote

    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)

    Source: Floor

  7. 11 July 2016

    Vote

    Passed/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)

    Source: Floor

  8. 11 July 2016

    Floor

    Considered under suspension of the rules. (consideration: CR H4588-4590)

    Source: Floor

  9. 11 July 2016

    Vote

    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.

    Source: Floor

  10. 11 July 2016

    Floor

    DEBATE - The House proceeded with forty minutes of debate on H.R. 5607.

    Source: Floor

  11. 11 July 2016

    Floor

    Mr. Fitzpatrick moved to suspend the rules and pass the bill, as amended.

    Source: Floor

  12. 12 July 2016

    Introduced

    Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

8 official files

Referred in Senate (text)

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Sponsors

Related records

Sources

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