H.R.5602 - To amend title 31, United States Code, to authorize the Secretary of the Treasury to include all funds when issuing certain geographic targeting orders, and for other purposes.114th Congress (2015-2016)
|Sponsor:||Rep. Lynch, Stephen F. [D-MA-8] (Introduced 06/28/2016)|
|Committees:||House - Financial Services | Senate - Banking, Housing, and Urban Affairs|
|Latest Action:||12/12/2016 Message on Senate action sent to the House. (All Actions)|
|Notes:||The Senate passed the bill on 12/5/2016, then vitiated its passage on 12/5/2016, then passed the bill on 12/10/2016.|
This bill has the status Passed Senate
Here are the steps for Status of Legislation:
- Passed House
- Passed Senate
Summary: H.R.5602 — 114th Congress (2015-2016)All Bill Information (Except Text)
Passed House without amendment (07/11/2016)
(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)
(Sec. 1) This bill revises the authority of the Department of the Treasury to issue an order imposing recordkeeping and reporting requirements upon financial institutions and nonfinancial trade or business groups in certain geographic areas regarding transactions for the payment, receipt, or transfer of U.S. coins or currency (or other monetary instruments as Treasury may describe in an order).
A Treasury order for recordkeeping and reporting may include all funds (not just U.S. coins or currency) involved in such transactions.