Anti-terrorism Information Sharing Is Strength Act
Latest action · Jul 11, 2016 On motion to suspend the rules and pass the bill Failed by the Yeas and Nays: (2/3 required): 229 - 177 (Roll no. 403).
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedJun 28, 2016
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
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.
Recorded votes 1
Newest first. Open one to see how every member voted.
| Roll call | Question | Result | Date |
|---|---|---|---|
| House 403 | On Motion to Suspend the Rules and Pass | Failed229–177 | Jul 11, 2016 |
Cosponsors 11
Members who signed on, in the order they did. Signatures ran from Jun 28, 2016 to Jul 11, 2016; 1 is an original cosponsor, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-CA | Maxine Waters | Original | Jun 28, 2016 |
| D-MA | Stephen F. Lynch | Jul 7, 2016 | |
| D-NY | Gregory W. Meeks | Jul 8, 2016 | |
| R-PA | Michael G. Fitzpatrick | Jul 8, 2016 | |
| R-NY | Peter T. King | Jul 8, 2016 | |
| R-OH | Steve Stivers | Jul 8, 2016 | |
| D-TX | Al Green | Jul 11, 2016 | |
| D-IL | Bill Foster | Jul 11, 2016 | |
| R-ME | Bruce Poliquin | Jul 11, 2016 | |
| R-AR | J. French Hill | Jul 11, 2016 | |
| D-MN | Keith Ellison | Jul 11, 2016 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Financial Services Committee | Referred Jun 28, 2016 |
Actions 8
Everything that happened, newest first.
- Jul 11, 2016Mr. Fitzpatrick moved to suspend the rules and pass the bill.
- Jul 11, 2016Considered under suspension of the rules. (consideration: CR H4586-4587; text of measure as introduced: CRH4786)
- Jul 11, 2016DEBATE - The House proceeded with forty minutes of debate on H.R. 5606.
- Jul 11, 2016At 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.
- Jul 11, 2016Considered as unfinished business. (consideration: CR H4624)
- Jul 11, 2016Failed of passage/not agreed to in House: On motion to suspend the rules and pass the bill Failed by the Yeas and Nays: (2/3 required): 229 - 177 (Roll no. 403).
- Jun 28, 2016Introduced in House
- Jun 28, 2016Referred to the House Committee on Financial Services.
In the Congressional Record 1
Days the Record’s own index lists this bill, newest first, with the pages and the members it names. Pages starting H are the House, S the Senate, E Extensions of Remarks.
| Where | In the Record | Members | Date |
|---|---|---|---|
| House | Debate and remarks H4586–H4588Text printed H4586Recorded votes H4624enact | Michael G. Fitzpatrick R-PA, Robert Pittenger R-NC, Stephen F. Lynch D-MA | Jul 11, 2016 |
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Constitutional authority
The sponsor’s statement, as printed in the Congressional Record, vol. 162, no. 104, June 28, 2016, page H4187.
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 3439 | Financial Institution Security Act | Reintroduced Bill | Jul 26, 2017 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To facilitate better information sharing to assist in the fight against the funding of terrorist activities, and for other purposes.
- Short Titles as Introduced
- Anti-terrorism Information Sharing Is Strength Act
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
- Administrative law and regulatory procedures
- Banking and financial institutions regulation
- Civil actions and liability
- Congressional oversight
- Criminal justice information and records
- Department of the Treasury
- Finance and Financial Sector
- Foreign and international banking
- Fraud offenses and financial crimes
- Terrorism
Text 1
Each version as it was printed, newest first.
- Jun 28, 2016Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
