H.R. 6068 · 115th Congress
Counter Terrorism and Illicit Finance Act
- Stage
- In committee
- Sponsor
- Steve Pearce
- Introduced
- 2018-06-12
- Latest action
- 2018-06-12 · Introduced in House
Summary
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.