US HB5606 | 2015-2016 | 114th Congress

Status

Spectrum: Bipartisan Bill
Status: Introduced on June 28 2016 - 25% progression, died in chamber
Action: 2016-07-11 - On motion to suspend the rules and pass the bill Failed by the Yeas and Nays: (2/3 required): 229 - 177 (Roll no. 403).
Text: Latest bill text (Introduced) [PDF]

Summary

Anti-terrorism Information Sharing Is Strength Act This bill amends the USA PATRIOT Act to allow two or more financial institutions and any association of financial institutions, upon notice provided to the Department of the Treasury, to share information with one another regarding individuals, entities, organizations, and countries suspected of the unlawful activity the proceeds of which form the basis of a money laundering offense. A financial institution or association that transmits, receives, or shares such information to identify and report this activity shall not be liable to any person for such disclosure or for any failure to provide notice of it to the subject, or any other person identified in the disclosure, except where the transmission, receipt, or sharing violates the Act or regulations promulgated under it. The bill expresses the sense of Congress concerning the need for federal law enforcement agencies and regulators, as well as financial institutions, to share information about terrorist activities, money laundering activities, and unlawful activities to the fullest extent possible and in a timely fashion.

Tracking Information

Register now for our free OneVote public service or GAITS Pro trial account and you can begin tracking this and other legislation, all driven by the real-time data of the LegiScan API. Providing tools allowing you to research pending legislation, stay informed with email alerts, content feeds, and share dynamic reports. Use our new PolitiCorps to join with friends and collegaues to monitor & discuss bills through the process.

Monitor Legislation or view this same bill number from multiple sessions or take advantage of our national legislative search.

Title

Anti-terrorism Information Sharing Is Strength Act

Sponsors


Roll Calls

House - On Motion to Suspend the Rules and Pass (Y: 229 N: 177 NV: 27 Abs: 0) [FAIL]
House - On Motion to Suspend the Rules and Pass (Y: 229 N: 177 NV: 27 Abs: 0) [FAIL]
House - On Motion to Suspend the Rules and Pass (Y: 229 N: 177 NV: 27 Abs: 0) [FAIL]

History

DateChamberAction
2016-07-11HouseOn motion to suspend the rules and pass the bill Failed by the Yeas and Nays: (2/3 required): 229 - 177 (Roll no. 403).
2016-07-11HouseConsidered as unfinished business. (consideration: CR H4624)
2016-07-11HouseAt the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
2016-07-11HouseDEBATE - The House proceeded with forty minutes of debate on H.R. 5606.
2016-07-11HouseConsidered under suspension of the rules. (consideration: CR H4586-4587; text of measure as introduced: CRH4786)
2016-07-11HouseMr. Fitzpatrick moved to suspend the rules and pass the bill.
2016-06-28HouseReferred to the House Committee on Financial Services.
2016-06-28HouseIntroduced in House

Subjects


US Congress State Sources


Bill Comments

feedback