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HR 2513 116th Congress House Finance and Financial Sector Business ethics Business records Civil actions and liability Corporate finance and management Criminal investigation, prosecution, interrogation Criminal procedure and sentencing Fraud offenses and financial crimes Government information and archives Law enforcement administration and funding Terrorism Trade secrets and economic espionage U.S. and foreign investments

COUNTER Act of 2019

Introduced: May 3, 2019 See on congress.gov
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This bill died when the 116th Congress ended
It never became law before the 116th Congress (2019–2020) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 35 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 23, 2019
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Oct 22, 2019
Motion to reconsider laid on the table Agreed to without objection.
Oct 22, 2019
On passage Passed by the Yeas and Nays: 249 - 173 (Roll no. 577).
Oct 22, 2019
On motion to recommit with instructions Failed by recorded vote: 197 - 224 (Roll no. 576).
Oct 22, 2019
The previous question on the motion to recommit with instructions was ordered without objection.
Oct 22, 2019
DEBATE - The House proceeded with 10 minutes on the Davidson (OH) motion to recommit with instructions. The instructions contained in the motion seek to require the bill to be reported back to the House with an amendment to require a court-issued subpoena for specified requests in the underlying bill.
Oct 22, 2019
Mr. Davidson (OH) moved to recommit with instructions to the Committee on Financial Services. (text: CR H8368)
Oct 22, 2019
The House adopted the amendments en gross as agreed to by the Committee of the Whole House on the state of the Union.
Oct 22, 2019
The House rose from the Committee of the Whole House on the state of the Union to report H.R. 2513.
Oct 22, 2019
The House resolved into Committee of the Whole House on the state of the Union for further consideration.
Oct 22, 2019
Considered as unfinished business. (consideration: CR H8365-8370)
Oct 22, 2019
Committee of the Whole House on the state of the Union rises leaving H.R. 2513 as unfinished business.
Oct 22, 2019
On motion that the Committee rise Agreed to by voice vote.
Oct 22, 2019
Ms. Waters moved that the Committee rise.
Oct 22, 2019
POSTPONED PROCEEDINGS - At the conclusion of debate on the Davidson (OH) amendment, the Chair put the question on adoption of the amendment, and by voice vote announced that the noes had prevailed. Ms. Waters demanded a recorded vote, and the Chair postponed further proceedings on adoption of the amendment until a time to be announced.
Oct 22, 2019
DEBATE - Pursuant to the provisions of H. Res. 646, the Committee of the Whole proceeded with 10 minutes of debate on the Davidson (OH) amendment No. 5.
Oct 22, 2019
POSTPONED PROCEEDINGS - At the conclusion of debate on the Carolyn B. Maloney (NY) amendment, the Chair put the question on adoption of the amendment, and by voice vote announced that the ayes had prevailed. Mr. McHenry demanded a recorded vote, and the Chair postponed further proceedings on adoption of the amendment until a time to be announced.
Oct 22, 2019
DEBATE - Pursuant to the provisions of H. Res. 646, the Committee of the Whole proceeded with 10 minutes of debate on the Carolyn B. Maloney (NY) amendment No. 4.
Oct 22, 2019
DEBATE - Pursuant to the provisions of H. Res. 646, the Committee of the Whole proceeded with 10 minutes of debate on the Brown (MD) amendment No. 3.
Oct 22, 2019
DEBATE - Pursuant to the provisions of H. Res. 646, the Committee of the Whole proceeded with 10 minutes of debate on the Hill (AR) amendment No. 2.
Oct 22, 2019
POSTPONED PROCEEDINGS - At the conclusion of debate on the Burgess amendment, the Chair put the question on adoption of the amendment, and by voice vote announced that the ayes had prevailed. Ms. Waters demanded a recorded vote, and the Chair postponed further proceedings on adoption of the amendment until a time to be announced.
Oct 22, 2019
DEBATE - Pursuant to the provisions of H.Res. 646, the Committee of the Whole proceeded with 10 minutes of debate on the Burgess amendment No. 1.
Oct 22, 2019
GENERAL DEBATE - The Committee of the Whole proceeded with one hour of general debate on H.R. 2513.
Oct 22, 2019
The Speaker designated the Honorable Lauren Underwood to act as Chairwoman of the Committee.
Oct 22, 2019
House resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 646 and Rule XVIII.
Oct 22, 2019
Rule provides for consideration of H.R. 2513 with 1 hour of general debate. Motion to recommit with or without instructions allowed. Measure will be considered read. Specified amendments are in order.
Oct 22, 2019
Considered under the provisions of rule H. Res. 646. (consideration: CR H8316-8339)
Oct 22, 2019
Rule H. Res. 646 passed House.
Oct 21, 2019
Rules Committee Resolution H. Res. 646 Reported to House. Rule provides for consideration of H.R. 2513 with 1 hour of general debate. Motion to recommit with or without instructions allowed. Measure will be considered read. Specified amendments are in order.
Oct 8, 2019
Placed on the Union Calendar, Calendar No. 180.
Oct 8, 2019
Reported (Amended) by the Committee on Financial Services. H. Rept. 116-227.
Jun 11, 2019
Ordered to be Reported (Amended) by the Yeas and Nays: 43 - 16.
Jun 11, 2019
Committee Consideration and Mark-up Session Held.
May 3, 2019
Referred to the House Committee on Financial Services.
May 3, 2019
Introduced in House
 Votes taken on this bill 2
DateChamberWhat was voted onResultYes–No
Oct 22, 2019 House · vote #577 On Passage Passed 249–173 See who voted →
Oct 22, 2019 House · vote #576 On Motion to Recommit with Instructions Failed 197–224 See who voted →
 Amendments to this bill 5

Amendments propose changes to this bill. Members vote on amendments separately before the final bill vote. An agreed amendment becomes part of the bill; a failed amendment does not.

4 agreed to 1 failed

AmendmentSponsorPurposeStatusLatest action
HAMDT 637 Davidson, Warren Amendment sought to strike the bill's reporting mandate on small businesses, terminate the Customer Due Dilig… Failed Oct 22, 2019
HAMDT 636 — An amendment numbered 4 printed in Part B of House Report 116-247 to ensure FinCEN may use the information ob… Agreed to Oct 22, 2019
HAMDT 635 — An amendment numbered 3 printed in Part B of House Report 116-247 to add refresher training no less than ever… Agreed to Oct 22, 2019
HAMDT 634 Hill, J. French An amendment numbered 2 printed in Part B of House Report 116-247 to require FinCEN to develop a regime by wh… Agreed to Oct 22, 2019
HAMDT 633 — Amendment requires an annual report to Congress of anonymized data on the number of beneficial owners per rep… Agreed to Oct 22, 2019
 Ask about this bill AI · grounded in the bill text

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 Plain-English summary Congressional Research Service

This bill generally addresses the disclosure of corporate ownership and the prevention of money laundering and the financing of terrorism.

DIVISION A--CORPORATE TRANSPARENCY ACT OF 2019

Corporate Transparency Act of 2019

This division requires certain new and existing small corporations and limited liability companies to disclose information about their beneficial owners. A beneficial owner is an individual who (1) exercises substantial control over a corporation or limited liability company, (2) owns 25% or more of the interest in a corporation or limited liability company, or (3) receives substantial economic benefits from the assets of a corporation or limited liability company.

Specifically, if certain entities apply to form a corporation or limited liability company, they must file beneficial ownership information with the Financial Crimes Enforcement Network (FinCEN). Furthermore, certain existing corporations and limited liability companies must file this information with FinCEN two years after the implementation of final regulations required under this division.

The division imposes a civil penalty and authorizes criminal penalties—a fine, a prison term for up to three years, or both—for providing false or fraudulent beneficial ownership information or for willfully failing to provide complete or updated beneficial ownership information.

The Government Accountability Office must study and report on (1) the availability of beneficial ownership information for other legal entities (e.g., partnerships), and (2) the effectiveness of incorporation practices implemented under this division.

DIVISION B--COUNTER ACT OF 2019

Coordinating Oversight, Upgrading and Innovating Technology, and Examiner Reform Act of 2019 or the COUNTER Act of 2019

This division generally revises requirements related to anti-money-laundering and counter-terrorism-financing laws.

Among other things, the division

  • 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 FinCEN.

The division also increases penalties for violations of anti-money-laundering and counter-terrorism-financing laws, requires antiquities dealers to comply with these laws, and requires the reporting of beneficial ownership information to FinCEN in certain commercial real estate transactions.

Every five years, Treasury must update the threshold amounts for currency transaction reports to reflect inflation.

What's happening now October 23, 2019

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

 Related & companion bills 6
  • HR 2514 Related bill Coordinating Oversight, Upgrading and Innovating Technology, and Examiner Reform Act of 2019
  • HR 2613 Related bill Advancing Innovation to Assist Law Enforcement Act
  • S 1978 Related bill Corporate Transparency Act of 2019
  • HR 4367 Related bill Fight Illicit Finance through Technical Assistance Act of 2019
  • HR 1039 Related bill To streamline requirements for currency transaction reports and suspicious activity reports, and for other purposes.
  • HRES 646 Procedurally related Providing for consideration of the bill (H.R. 2513) to ensure that persons who form corporations or limited liability c…
 Bill text 4 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 7
All 7 Democratic 6
D
Sherman, Brad
California · Sep 18, 2019
 D
Blunt Rochester, Lisa
Delaware · Jul 17, 2019
 D
Kaptur, Marcy
Ohio · Jun 28, 2019
 D
Cleaver, Emanuel
Missouri · Jun 4, 2019
 D
Meeks, Gregory W.
New York · May 24, 2019
 D
Beyer, Donald S.
Virginia · May 20, 2019
KING, PETER
· May 3, 2019
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2513: Corporate Transparency Act of 2019. 116th Congress. Open America. https://openamerica.io/bill/116-HR-2513/
MLA
"H.R. 2513: Corporate Transparency Act of 2019." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-HR-2513/.
Bluebook (legal)
H.R. 2513, 116th Cong. (2026), https://openamerica.io/bill/116-HR-2513/.
Markdown link
[H.R. 2513: Corporate Transparency Act of 2019](https://openamerica.io/bill/116-HR-2513/)
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