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Bill116th CongressFiled Feb 7, 2019Finance and Financial Sector
H.R. 1037

Banking Transparency for Sanctioned Persons Act of 2019

Bill journey · stage 2 of 5

Under committee review

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What it doesSummary passed house (May 14, 2019)

Banking Transparency for Sanctioned Persons Act of 2019

This bill requires the Department of the Treasury to report semiannually on financial services provided to benefit a state sponsor of terrorism or specified sanctioned persons.

Treasury may waive these reporting requirements with respect to a foreign financial institution if

  • the institution credibly assures Treasury that it will cease conducting transactions for such persons, or
  • the waiver is important to the national interest.

What just happenedMay 15, 2019

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Who’s behind it

Rep. Riggleman, Denver [R-VA-5](R-VA)Sponsor
1 cosponsor1 D
Read on Congress.gov
1cosponsors2committees10actions12subjects
  1. May 15, 2019IntroReferral

    Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

    Banking, Housing, and Urban Affairs Committee
  2. May 14, 2019FloorH38310

    Motion to reconsider laid on the table Agreed to without objection.

  3. May 14, 2019FloorH37300

    On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H3769)

  4. May 14, 2019Floor8000

    Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote.(text: CR H3769)

  5. May 14, 2019FloorH8D000

    DEBATE - The House proceeded with forty minutes of debate on H.R. 1037.

  6. May 14, 2019FloorH30000

    Considered under suspension of the rules. (consideration: CR H3769-3770)

  7. May 14, 2019FloorH30300

    Ms. Waters moved to suspend the rules and pass the bill.

  8. Feb 7, 2019IntroReferralH11100

    Referred to the House Committee on Financial Services.

    Financial Services Committee
  9. Feb 7, 2019IntroReferralIntro-H

    Introduced in House

  10. Feb 7, 2019IntroReferral1000

    Introduced in House

Passed HouseMay 14, 201953

Banking Transparency for Sanctioned Persons Act of 2019

This bill requires the Department of the Treasury to report semiannually on financial services provided to benefit a state sponsor of terrorism or specified sanctioned persons.

Treasury may waive these reporting requirements with respect to a foreign financial institution if

  • the institution credibly assures Treasury that it will cease conducting transactions for such persons, or
  • the waiver is important to the national interest.
Introduced in HouseFeb 7, 2019

Banking Transparency for Sanctioned Persons Act of 2019

This bill requires the Department of the Treasury to report semiannually on financial services provided to benefit a state sponsor of terrorism or specified sanctioned persons.

Treasury may waive these reporting requirements with respect to a foreign financial institution if

  • the institution credibly assures Treasury that it will cease conducting transactions for such persons, or
  • the waiver is important to the national interest.
Banking Transparency for Sanctioned Persons Act of 2019 — Informed