OfTheCross
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The sponsors of the other bill, Reps. Carolyn B. Maloney, D-N.Y., and Peter T. King, R-N.Y., had hoped for a similar level of GOP support, but — despite delaying a month to negotiate with ranking member Patrick T. McHenry of North Carolina — only saw 10 Republicans back the measure, which would curb the use of anonymous shell companies.
By combining the two bills, backers hope to get more Republicans to vote in favor of the corporate disclosure measure — including Stivers, who voted against it in committee. Stivers’ office did not respond to a request for comment.
Cleaver’s bill would beef up staffing at the Treasury Department’s Financial Crimes Enforcement Network (FinCEN), encourage more coordination between FinCEN and Justice Department investigators, require the attorney general and Treasury secretary to consider raising the monetary threshold for banks filing suspicious activity reports and update the definition of “coins and currency” to include cryptocurrencies.
House may join money laundering, disclosure bills to gain votes
By combining the two bills, backers hope to get more Republicans to vote in favor of the corporate disclosure measure — including Stivers, who voted against it in committee. Stivers’ office did not respond to a request for comment.
Cleaver’s bill would beef up staffing at the Treasury Department’s Financial Crimes Enforcement Network (FinCEN), encourage more coordination between FinCEN and Justice Department investigators, require the attorney general and Treasury secretary to consider raising the monetary threshold for banks filing suspicious activity reports and update the definition of “coins and currency” to include cryptocurrencies.
House may join money laundering, disclosure bills to gain votes
