House Bill 6068
115th Congress(2017-2018)
Counter Terrorism and Illicit Finance Act
Introduced
Introduced in House on Jun 12, 2018
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
6068
Congress
115
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.
No House votes have been held for this bill.
Summary
Counter Terrorism and Illicit Finance Act
This bill (1) increases the threshold dollar amounts above which financial institutions are required to file currency-transaction and suspicious-activity reports with the Financial Crimes Enforcement Network (FinCEN), (2) directs FinCEN to establish a process for no-action letters, and (3) modifies other provisions related to anti-money laundering and counterterrorist financing.
June 12, 2018
06/12/2018
Referred to the House Committee on Financial Services.
06/12/2018
Introduced in House
11/29/2017
Hearings Held by the Subcommittee on Terrorism and Illicit Finance Prior to Introduction and Referral.
Public Record
Record Updated
Jan 11, 2023 1:42:23 PM