summary
Introduced
01/24/2019
01/24/2019
In Committee
01/24/2019
01/24/2019
Crossed Over
03/12/2019
03/12/2019
Passed
Dead
12/31/2020
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)
Official Document
bill text
bill summary
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bill summary
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bill summary
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