House Bill 1037
116th Congress(2019-2020)
Banking Transparency for Sanctioned Persons Act of 2019
Active
Passed House on May 14, 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
1037
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 May 14, 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 Agreed to by voice vote.(text: CR H3769)
Summary
Banking Transparency for Sanctioned Persons Act of 2019
This bill requires the Department of the Treasury to report semiannually on financial services provided to benefit a state sponsor of terrorism or specified sanctioned persons.
Treasury may waive these reporting requirements with respect to a foreign financial institution if
- the institution credibly assures Treasury that it will cease conducting transactions for such persons, or
- the waiver is important to the national interest.
05/15/2019
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
05/14/2019
Motion to reconsider laid on the table Agreed to without objection.
05/14/2019
On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H3769)
05/14/2019
Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote.(text: CR H3769)
05/14/2019
DEBATE - The House proceeded with forty minutes of debate on H.R. 1037.
05/14/2019
Considered under suspension of the rules. (consideration: CR H3769-3770)
05/14/2019
Ms. Waters moved to suspend the rules and pass the bill.
02/07/2019
Referred to the House Committee on Financial Services.
02/07/2019
Introduced in House
Public Record
Record Updated
Nov 1, 2022 3:47:47 PM