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HR 5606 114th Congress House Finance and Financial Sector Administrative law and regulatory procedures Banking and financial institutions regulation Civil actions and liability Congressional oversight Criminal justice information and records Department of the Treasury Foreign and international banking Fraud offenses and financial crimes Terrorism

Anti-terrorism Information Sharing Is Strength Act

Introduced: June 28, 2016 See on congress.gov
 Everywhere this bill has been 9 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 11, 2016
On motion to suspend the rules and pass the bill Failed by the Yeas and Nays: (2/3 required): 229 - 177 (Roll no. 403).
Jul 11, 2016
Considered under suspension of the rules. (consideration: CR H4586-4587; text of measure as introduced: CRH4786)
Jul 11, 2016
Mr. Fitzpatrick moved to suspend the rules and pass the bill.
Jul 11, 2016
Failed of passage/not agreed to in House: On motion to suspend the rules and pass the bill Failed by the Yeas and Nays: (2/3 required): 229 - 177 (Roll no. 403).
Jul 11, 2016
Considered as unfinished business. (consideration: CR H4624)
Jul 11, 2016
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.
Jul 11, 2016
DEBATE - The House proceeded with forty minutes of debate on H.R. 5606.
Jun 28, 2016
Introduced in House
Jun 28, 2016
Referred to the House Committee on Financial Services.
 Votes taken on this bill 1
DateChamberWhat was voted onResultYes–No
Jul 11, 2016 House · vote #403 On Motion to Suspend the Rules and Pass Failed 229177 See who voted →
 Plain-English summary Congressional Research Service

Anti-terrorism Information Sharing Is Strength Act

This bill amends the USA PATRIOT Act to allow two or more financial institutions and any association of financial institutions, upon notice provided to the Department of the Treasury, to share information with one another regarding individuals, entities, organizations, and countries suspected of the unlawful activity the proceeds of which form the basis of a money laundering offense.

A financial institution or association that transmits, receives, or shares such information to identify and report this activity shall not be liable to any person for such disclosure or for any failure to provide notice of it to the subject, or any other person identified in the disclosure, except where the transmission, receipt, or sharing violates the Act or regulations promulgated under it.

The bill expresses the sense of Congress concerning the need for federal law enforcement agencies and regulators, as well as financial institutions, to share information about terrorist activities, money laundering activities, and unlawful activities to the fullest extent possible and in a timely fashion.

What's happening now July 11, 2016

On motion to suspend the rules and pass the bill Failed by the Yeas and Nays: (2/3 required): 229 - 177 (Roll no. 403).

 Committees of jurisdiction 1