Counter Terrorism and Illicit Finance Act

Summary

Counter Terrorism and Illicit Finance Act This bill (1) increases the threshold dollar amounts above which financial institutions are required to file currency-transaction and suspicious-activity reports with the Financial Crimes Enforcement Network (FinCEN), (2) directs FinCEN to establish a process for no-action letters, and (3) modifies other provisions related to anti-money laundering and counterterrorist financing.

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

Timeline

1. 29 November 2017

   Committee

   Hearings Held by the Subcommittee on Terrorism and Illicit Finance Prior to Introduction and Referral.

   Source: Committee

2. 12 June 2018

   Introduced

   Referred to the House Committee on Financial Services.

   Source: IntroReferral

3. 12 June 2018

   Introduced

   Introduced in House

   Source: IntroReferral

4. 12 June 2018

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 12 June 2018 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 12 June 2018

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 12 June 2018

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 12 June 2018

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Pearce, Stevan [R-NM-2] · R · Sponsor
• Rep. Luetkemeyer, Blaine [R-MO-3] · R · Sponsor
• Rep. Abraham, Ralph Lee [R-LA-5] · R · Cosponsor
• · hsba00 · Standing

Related records

• related to ← Bank Secrecy Innovation Act
• related to ← Financial Reporting Threshold Modernization Act
• related to ← Bank Secrecy Reporting Review Act
• related to ← To amend title 31, United States Code, with respect to sharing of suspicious activity reports within a financial group, and for other purposes.
• related to ← To require the Treasury to take a more prominent role in coordinating AML/CFT policy and examinations across the Government, and for other purposes.
• related to ← To amend title 31, United States Code, with respect to FinCEN no-action letters, and for other purposes.
• related to ← Modernizing Illicit Financial Accountability and Reporting Act
• related to ← To streamline requirements for currency transaction reports and suspicious activity reports, and for other purposes.