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

Introduced: May 3, 2019 Introduced by: Cleaver, Emanuel Democratic · Missouri See on congress.gov
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 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 Subcommittee on Trade.
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
Introduced in House
 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.

What's happening now October 29, 2019

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

 Committees of jurisdiction 4