House Bill 2514
116th Congress(2019-2020)
COUNTER Act of 2019
Active
Passed House on Oct 28, 2019
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
2514
Congress
116
Policy Area
Finance and Financial Sector
Finance and Financial Sector
Primary focus of measure is U.S. banking and financial institutions regulation; consumer credit; bankruptcy and debt collection; financial services and investments; insurance; securities; real estate transactions; currency. Measures concerning financial crimes may fall under Crime and Law Enforcement. Measures concerning business and corporate finance may fall under Commerce policy area. Measures concerning international banking may fall under Foreign Trade and International Finance policy area.
checkPassed on October 28, 2019
Status
Passed
Type
Voice Vote
Voice Vote
A vote in which the presiding officer states the question, then asks those in favor and against to say "Yea" or "Nay," respectively, and announces the result according to his or her judgment. The names or numbers of senators voting on each side are not recorded.
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)
Summary
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
- establishes new offices within financial regulatory agencies related to privacy and civil liberties;
- creates programs within the Department of the Treasury to enable foreign and domestic outreach regarding these laws;
- allows for increased information sharing between law enforcement, financial institutions, and financial regulators; and
- revises whistleblower incentives related to actions brought by the Financial Crimes Enforcement Network (FinCEN).
The bill also increases penalties for violations of anti-money-laundering and counter-terrorism-financing laws, requires antiquities and art dealers to comply with these laws, and requires the reporting of beneficial ownership information to FinCEN in certain commercial real estate transactions.
October 29, 2019
October 28, 2019
October 21, 2019
May 3, 2019
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10/29/2019
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
10/28/2019
Motion to reconsider laid on the table Agreed to without objection.
10/28/2019
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H8494-8501)
10/28/2019
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)
10/28/2019
DEBATE - The House proceeded with forty minutes of debate on H.R. 2514.
10/28/2019
Considered under suspension of the rules. (consideration: CR H8494-8503)
10/28/2019
Mr. Scott, David moved to suspend the rules and pass the bill, as amended.
10/21/2019
Placed on the Union Calendar, Calendar No. 195.
10/21/2019
Committee on Ways and Means discharged.
10/21/2019
Reported (Amended) by the Committee on Financial Services. H. Rept. 116-245, Part I.
05/03/2019
Referred to the Subcommittee on Trade.
05/03/2019
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.
05/03/2019
Introduced in House
Public Record
Record Updated
Nov 1, 2022 4:32:35 AM