HR 6068 · 115th Congress · Finance and Financial Sector

Counter Terrorism and Illicit Finance Act

Introduced 2018-06-12· Sponsored by Rep. Pearce, Stevan [R-NM-2]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Financial Services.(2018-06-12)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (2)

2 Republicans
Rep. Luetkemeyer, Blaine [R-MO-3]MO
Rep. Abraham, Ralph Lee [R-LA-5]LA