HR 8816 · 116th Congress · Finance and Financial Sector

Anti-Money Laundering Training Improvement Act

Introduced 2020-11-24· Sponsored by Rep. McAdams, Ben [D-UT-4]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the Committee on Financial Services, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.(2020-11-24)

Plain Language Summary

[AI summary unavailable — showing source text] Anti-Money Laundering Training Improvement Act This bill requires federal financial examiners to be trained annually in anti-money laundering activities and in countering the financing of terrorism. The bill also establishes a rotation program whereby personnel at certain agencies must rotate to promote greater effectiveness and efficiency in combating money laundering, the financing of terrorism, and other financial crimes.…

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

Cosponsors (1)

1 Republican
Rep. Gonzalez, Anthony [R-OH-16]OH