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Titles Actions Overview All Actions Cosponsors Committees Related Bills Subjects Latest Summary All Summaries

Titles (6)

Short Titles

Short Titles - House of Representatives

Short Titles as Passed House

Corporate Transparency Act of 2019

Short Titles as Passed House for portions of this bill
  • COUNTER Act of 2019
  • Coordinating Oversight, Upgrading and Innovating Technology, and Examiner Reform Act of 2019

Short Title(s) as Reported to House

Corporate Transparency Act of 2019

Short Title(s) as Introduced

Corporate Transparency Act of 2019

Official Titles

Official Titles - House of Representatives

Official Title as Introduced

To ensure that persons who form corporations or limited liability companies in the United States disclose the beneficial owners of those corporations or limited liability companies, in order to prevent wrongdoers from exploiting United States corporations and limited liability companies for criminal gain, to assist law enforcement in detecting, preventing, and punishing terrorism, money laundering, and other misconduct involving United States corporations and limited liability companies, and for other purposes.


Actions Overview (3)

Date Actions Overview
10/22/2019Passed/agreed to in House: On passage Passed by the Yeas and Nays: 249 - 173 (Roll no. 577).
10/08/2019Reported (Amended) by the Committee on Financial Services. H. Rept. 116-227.
05/03/2019Introduced in House

All Actions (45)

Date Chamber All Actions
10/23/2019SenateReceived in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
10/22/2019-6:52pmHouseMotion to reconsider laid on the table Agreed to without objection.
10/22/2019-6:52pmHouseOn passage Passed by the Yeas and Nays: 249 - 173 (Roll no. 577).
10/22/2019-6:46pmHouseOn motion to recommit with instructions Failed by recorded vote: 197 - 224 (Roll no. 576).
10/22/2019-6:38pmHouseThe previous question on the motion to recommit with instructions was ordered without objection.
10/22/2019-6:29pmHouseDEBATE - The House proceeded with 10 minutes on the Davidson (OH) motion to recommit with instructions. The instructions contained in the motion seek to require the bill to be reported back to the House with an amendment to require a court-issued subpoena for specified requests in the underlying bill.
10/22/2019-6:29pmHouseMr. Davidson (OH) moved to recommit with instructions to the Committee on Financial Services. (text: CR H8368)
10/22/2019-6:27pmHouseThe House adopted the amendments en gross as agreed to by the Committee of the Whole House on the state of the Union.
10/22/2019-6:27pmHouseThe House rose from the Committee of the Whole House on the state of the Union to report H.R. 2513.
10/22/2019-6:26pmHouseH.Amdt.637 On agreeing to the Davidson (OH) amendment (A005) Failed by recorded vote: 166 - 258 (Roll no. 575).
10/22/2019-6:17pmHouseH.Amdt.636 On agreeing to the Maloney, Carolyn B. amendment (A004) Agreed to by recorded vote: 235 - 188 (Roll no. 574).
10/22/2019-6:12pmHouseH.Amdt.633 On agreeing to the Burgess amendment (A001) Agreed to by recorded vote: 395 - 23 (Roll no. 573).
10/22/2019-5:43pmHouseThe House resolved into Committee of the Whole House on the state of the Union for further consideration.
10/22/2019-5:43pmHouseConsidered as unfinished business. (consideration: CR H8365-8370)
10/22/2019-3:40pmHouseCommittee of the Whole House on the state of the Union rises leaving H.R. 2513 as unfinished business.
10/22/2019-3:40pmHouseOn motion that the Committee rise Agreed to by voice vote.
10/22/2019-3:40pmHouseMs. Waters moved that the Committee rise.
10/22/2019-3:39pmHousePOSTPONED PROCEEDINGS - At the conclusion of debate on the Davidson (OH) amendment, the Chair put the question on adoption of the amendment, and by voice vote announced that the noes had prevailed. Ms. Waters demanded a recorded vote, and the Chair postponed further proceedings on adoption of the amendment until a time to be announced.
10/22/2019-3:31pmHouseDEBATE - Pursuant to the provisions of H. Res. 646, the Committee of the Whole proceeded with 10 minutes of debate on the Davidson (OH) amendment No. 5.
10/22/2019-3:30pmHouseH.Amdt.637 Amendment (A005) offered by Mr. Davidson (OH). (consideration: CR H8338-8339, H8367-8368; text: CR H8338)
10/22/2019-3:29pmHousePOSTPONED PROCEEDINGS - At the conclusion of debate on the Carolyn B. Maloney (NY) amendment, the Chair put the question on adoption of the amendment, and by voice vote announced that the ayes had prevailed. Mr. McHenry demanded a recorded vote, and the Chair postponed further proceedings on adoption of the amendment until a time to be announced.
10/22/2019-3:23pmHouseDEBATE - Pursuant to the provisions of H. Res. 646, the Committee of the Whole proceeded with 10 minutes of debate on the Carolyn B. Maloney (NY) amendment No. 4.
10/22/2019-3:22pmHouseH.Amdt.636 Amendment (A004) offered by Mrs. Maloney, Carolyn B.. (consideration: CR H8337-8338, H8366-8367; text: CR H8337)
10/22/2019-3:21pmHouseH.Amdt.635 On agreeing to the Brown (MD) amendment (A003) Agreed to by voice vote.
10/22/2019-3:17pmHouseDEBATE - Pursuant to the provisions of H. Res. 646, the Committee of the Whole proceeded with 10 minutes of debate on the Brown (MD) amendment No. 3.
10/22/2019-3:16pmHouseH.Amdt.635 Amendment (A003) offered by Mr. Brown (MD). (consideration: CR H8336-8337; text: CR H8336)
10/22/2019-3:16pmHouseH.Amdt.634 On agreeing to the Hill (AR) amendment (A002) Agreed to by voice vote.
10/22/2019-3:09pmHouseDEBATE - Pursuant to the provisions of H. Res. 646, the Committee of the Whole proceeded with 10 minutes of debate on the Hill (AR) amendment No. 2.
10/22/2019-3:09pmHouseH.Amdt.634 Amendment (A002) offered by Mr. Hill (AR). (consideration: CR H8335-8336; text: CR H8335)
10/22/2019-3:08pmHousePOSTPONED PROCEEDINGS - At the conclusion of debate on the Burgess amendment, the Chair put the question on adoption of the amendment, and by voice vote announced that the ayes had prevailed. Ms. Waters demanded a recorded vote, and the Chair postponed further proceedings on adoption of the amendment until a time to be announced.
10/22/2019-3:05pmHouseDEBATE - Pursuant to the provisions of H.Res. 646, the Committee of the Whole proceeded with 10 minutes of debate on the Burgess amendment No. 1.
10/22/2019-3:04pmHouseH.Amdt.633 Amendment (A001) offered by Mr. Burgess. (consideration: CR H8335, H8366; text: CR H8335)
10/22/2019-1:56pmHouseGENERAL DEBATE - The Committee of the Whole proceeded with one hour of general debate on H.R. 2513.
10/22/2019-1:55pmHouseThe Speaker designated the Honorable Lauren Underwood to act as Chairwoman of the Committee.
10/22/2019-1:55pmHouseHouse resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 646 and Rule XVIII.
10/22/2019-1:54pmHouseRule provides for consideration of H.R. 2513 with 1 hour of general debate. Motion to recommit with or without instructions allowed. Measure will be considered read. Specified amendments are in order.
10/22/2019-1:54pmHouseConsidered under the provisions of rule H. Res. 646. (consideration: CR H8316-8339)
10/22/2019-1:52pmHouseRule H. Res. 646 passed House.
10/21/2019-6:40pmHouseRules Committee Resolution H. Res. 646 Reported to House. Rule provides for consideration of H.R. 2513 with 1 hour of general debate. Motion to recommit with or without instructions allowed. Measure will be considered read. Specified amendments are in order.
10/08/2019HousePlaced on the Union Calendar, Calendar No. 180.
10/08/2019HouseReported (Amended) by the Committee on Financial Services. H. Rept. 116-227.
06/11/2019HouseOrdered to be Reported (Amended) by the Yeas and Nays: 43 - 16.
Action By: Committee on Financial Services
06/11/2019HouseCommittee Consideration and Mark-up Session Held.
Action By: Committee on Financial Services
05/03/2019HouseReferred to the House Committee on Financial Services.
05/03/2019HouseIntroduced in House

Cosponsors (10)


Committees (2)

Committees, subcommittees and links to reports associated with this bill are listed here, as well as the nature and date of committee activity and Congressional report number.

Committee / Subcommittee Date Activity Related Documents
House Financial Services05/03/2019 Referred to
06/11/2019 Markup by
10/08/2019 Reported by H. Rept. 116-227
Senate Banking, Housing, and Urban Affairs10/23/2019 Referred to

A related bill may be a companion measure, an identical bill, a procedurally-related measure, or one with text similarities. Bill relationships are identified by the House, the Senate, or CRS, and refer only to same-congress measures.


Latest Summary (3)

There are 3 summaries for H.R.2513. View summaries

Shown Here:
Passed House (10/22/2019)

This bill generally addresses the disclosure of corporate ownership and the prevention of money laundering and the financing of terrorism.

DIVISION A--CORPORATE TRANSPARENCY ACT OF 2019

Corporate Transparency Act of 2019

This division requires certain new and existing small corporations and limited liability companies to disclose information about their beneficial owners. A beneficial owner is an individual who (1) exercises substantial control over a corporation or limited liability company, (2) owns 25% or more of the interest in a corporation or limited liability company, or (3) receives substantial economic benefits from the assets of a corporation or limited liability company.

Specifically, if certain entities apply to form a corporation or limited liability company, they must file beneficial ownership information with the Financial Crimes Enforcement Network (FinCEN). Furthermore, certain existing corporations and limited liability companies must file this information with FinCEN two years after the implementation of final regulations required under this division.

The division imposes a civil penalty and authorizes criminal penalties—a fine, a prison term for up to three years, or both—for providing false or fraudulent beneficial ownership information or for willfully failing to provide complete or updated beneficial ownership information.

The Government Accountability Office must study and report on (1) the availability of beneficial ownership information for other legal entities (e.g., partnerships), and (2) the effectiveness of incorporation practices implemented under this division.

DIVISION B--COUNTER ACT OF 2019

Coordinating Oversight, Upgrading and Innovating Technology, and Examiner Reform Act of 2019 or the COUNTER Act of 2019

This division generally revises requirements related to anti-money-laundering and counter-terrorism-financing laws.

Among other things, the division

  • establishes new offices within financial regulatory agencies related to privacy and civil liberties;
  • creates programs within the Department of the Treasury to enable foreign and domestic outreach regarding these laws;
  • allows for increased information sharing between law enforcement, financial institutions, and financial regulators; and
  • revises whistleblower incentives related to actions brought by FinCEN.

The division also increases penalties for violations of anti-money-laundering and counter-terrorism-financing laws, requires antiquities dealers to comply with these laws, and requires the reporting of beneficial ownership information to FinCEN in certain commercial real estate transactions.

Every five years, Treasury must update the threshold amounts for currency transaction reports to reflect inflation.