summary
Introduced
05/24/2017
05/24/2017
In Committee
05/24/2017
05/24/2017
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
115th Congress
Bill Summary
Countering Terrorist Financing Act of 2017 This bill revises the authority of the Department of the Treasury to issue an order imposing recordkeeping and reporting requirements upon financial institutions and nonfinancial trade or business groups in certain geographic areas regarding transactions for the payment, receipt, or transfer of U.S. coins or currency (or other monetary instruments as Treasury may describe in an order). Specifically, a Treasury order for recordkeeping and reporting may include any funds (not just U.S. coins or currency) involved in such transactions.
AI Summary
This bill revises the authority of the Department of the Treasury to issue an order requiring financial institutions and certain businesses to keep records and report on transactions involving not just U.S. coins or currency, but any funds as described in the order. This expansion of the Treasury's authority is intended to help counter the financing of terrorist activities.
Committee Categories
Business and Industry
Sponsors (5)
Last Action
Referred to the House Committee on Financial Services. (on 05/24/2017)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/115th-congress/house-bill/2622/all-info |
| BillText | https://www.congress.gov/115/bills/hr2622/BILLS-115hr2622ih.pdf |
| Bill | https://www.congress.gov/115/bills/hr2622/BILLS-115hr2622ih.pdf.pdf |
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