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Bill > HR758


US HR758

Cooperate with Law Enforcement Agencies and Watch Act of 2019


summary

Introduced
01/24/2019
In Committee
01/24/2019
Crossed Over
03/12/2019
Passed
Dead
12/31/2020

Introduced Session

116th Congress

Bill Summary

Cooperate with Law Enforcement Agencies and Watch Act of 2019 Cooperate with Law Enforcement Agencies and Watch Act of 2019 This bill limits a financial institution's liability for maintaining a customer account or a customer transaction in compliance with a written request by a federal, state, tribal, or local law enforcement agency. A federal or state agency may not take an adverse supervisory action against a financial institution with respect to maintaining an account or a transaction consistent with such a request.

AI Summary

This bill, the Cooperate with Law Enforcement Agencies and Watch Act of 2019, limits a financial institution's liability for maintaining a customer account or transaction in compliance with a written request by a federal, state, tribal, or local law enforcement agency. The bill also prohibits federal or state agencies from taking adverse supervisory action against a financial institution for maintaining such an account or transaction consistent with the law enforcement request. The bill provides a "safe harbor" for financial institutions that comply with these law enforcement requests.

Committee Categories

Business and Industry, Housing and Urban Affairs

Sponsors (3)

Last Action

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (on 03/12/2019)

bill text


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