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H.R. 2514 116th Congress House

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

Official title: To make reforms to the Federal Bank Secrecy Act and anti-money laundering laws, and for other purposes.

Introduced: May 3, 2019 Introduced by: Emanuel Cleaver Democratic · Missouri See on congress.gov
Finance and Financial Sector Administrative law and regulatory proceduresAdministrative remediesAdvanced technology and technological innovationsAdvisory bodies
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Archaeology and anthropologyArt, artists, authorshipAsiaBanking and financial institutions regulationBusiness ethicsBusiness recordsChinaCivil actions and liabilityComputer security and identity theftComputers and information technologyCongressional oversightCorporate finance and managementCrime preventionCurrencyDepartment of the TreasuryDiplomacy, foreign officials, Americans abroadEmployee hiringEmployment discrimination and employee rightsEvidence and witnessesExecutive Office of the PresidentFinancial services and investmentsForeign and international bankingFraud offenses and financial crimesGovernment employee pay, benefits, personnel managementGovernment information and archivesGovernment studies and investigationsHistorical and cultural resourcesInflation and pricesInternational monetary system and foreign exchangeInternational organizations and cooperationJudicial review and appealsLaw enforcement administration and fundingLawyers and legal servicesMultilateral development programsOrganized crimePerformance measurementPublic contracts and procurementPublic-private cooperationReal estate businessRight of privacyRussiaSanctionsSmuggling and traffickingTechnology assessmentTerrorism
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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 13 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 29, 2019
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Oct 28, 2019
Motion to reconsider laid on the table Agreed to without objection.
Oct 28, 2019
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H8494-8501)
Oct 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)
Oct 28, 2019
DEBATE - The House proceeded with forty minutes of debate on H.R. 2514.
Oct 28, 2019
Considered under suspension of the rules. (consideration: CR H8494-8503)
Oct 28, 2019
Mr. Scott, David moved to suspend the rules and pass the bill, as amended.
Oct 21, 2019
Placed on the Union Calendar, Calendar No. 195.
Oct 21, 2019
Committee on Ways and Means discharged.
Oct 21, 2019
Reported (Amended) by the Committee on Financial Services. H. Rept. 116-245, Part I.
May 3, 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.
May 3, 2019
Referred to the Subcommittee on Trade.
May 3, 2019
Introduced in House
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 Latest action October 29, 2019

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

 Plain-English summary Congressional Research Service

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 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.

 Related & companion bills 4
  • HR 2613 Advancing Innovation to Assist Law Enforcement Act
  • HR 4367 Fight Illicit Finance through Technical Assistance Act of 2019
  • HR 1039 To streamline requirements for currency transaction reports and suspicious activity reports, and for other purposes.
  • HR 2513 Corporate Transparency Act of 2019
 Bill text 4 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 4
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APA
U.S. Congress. (2026). H.R. 2514: Coordinating Oversight, Upgrading and Innovating Technology, and Examiner Reform Act of 2019. 116th Congress. Open America. https://openamerica.io/bill/116-HR-2514/
MLA
"H.R. 2514: Coordinating Oversight, Upgrading and Innovating Technology, and Examiner Reform Act of 2019." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-HR-2514/.
Bluebook (legal)
H.R. 2514, 116th Cong. (2026), https://openamerica.io/bill/116-HR-2514/.
Markdown link
[H.R. 2514: Coordinating Oversight, Upgrading and Innovating Technology, and Examiner Reform Act of 2019](https://openamerica.io/bill/116-HR-2514/)
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