H. Res. 206 — what changed
Acknowledging that the lack of sunlight and transparency in financial transactions poses a threat to our national security and our economy’s security and supporting efforts to close related loopholes.
From Introduced in House to Engrossed in House. 1 section amended between Introduced in House and Engrossed in House.
That the House of Representatives—
renumbered
was (2)
acknowledges that the lack of sunlight and transparency in financial transactions poses a threat to our national security and our economy’s security;
renumbered
was (3)
supports efforts to close loopholes that allow corruption, terrorism, and money laundering to infiltrate our country’s financial system;
added
encourages transparency to detect, deter, and interdict individuals, entities, and networks engaged in money laundering and other financial crimes;
changed
encourages corporate transparency urges financial institutions to detect, deter, and interdict individuals, entities, comply with the Bank Secrecy Act and networks engaged in money anti-money laundering laws and other financial crimes;regulations; and
changed
urges affirms that financial institutions to comply with the Bank Secrecy Act and anti-money laws individuals should be held accountable for money laundering and regulations; andterror financing crimes and violations.
removed
affirms that financial institutions and individuals should be held accountable for money-laundering and terror-financing crimes and violations.