H.R. 5602To 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.

1 recorded action126 of these members are on the 2026 ballotWhat the measure does Read on Congress.gov

Sponsor: Stephen F. Lynch [D-MA-08]
Cosponsors: 13 · 7 Republicans · 6 Democrats
Policy area: Finance and Financial Sector
Committees: Financial Services Committee, Banking, Housing, and Urban Affairs Committee
Latest action: Dec 12, 2016 · Message on Senate action sent to the House.

IntroducedJun 28, 2016
Passed the HouseJul 11, 2016
Passed the SenateDec 5, 2016
Sent to the PresidentNot yet reached
Became lawNot yet reached

What the measure doesCRS summary

TITLE I--ENHANCING ANTITERRORISM TOOLS OF THE DEPARTMENT OF THE TREASURY

(Sec. 101) 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.

(Sec. 102) To improve the tracking of cross-border fund transfers and identify forms of terrorist financing, Treasury must report on: (1) the efficacy of requiring banking regulators to establish a pilot program to provide technical assistance to depository institutions and credit unions that wish to provide account services to money services businesses serving individuals in Somalia; (2) whether the pilot program could improve the ability of U.S. persons to make legitimate funds transfers through transparent monitored channels while complying with the Bank Secrecy Act and controls aimed at stopping money laundering and the financing of terrorism; and (3) information sharing mechanisms for depository institutions and credit unions to understand whether an individual money services business is meeting its obligations to combat illicit finance.

(Sec. 103) The bill expresses the sense of Congress that the Under Secretary for Terrorism and Financial Crimes should help foreign partners integrate intelligence analytic capacities with anti-money laundering and counter-terrorist financing regimes.

(Sec. 104) Treasury must report on the role of its financial attaches and technical advisors at U.S. embassies and their resources to assist in countering terrorist financing and money laundering.

TITLE II--NATIONAL STRATEGY FOR COMBATING TERRORIST AND OTHER ILLICIT FINANCING

(Sec. 201) Treasury must develop a national strategy with priorities to combat terrorist financing and prevent illicit finance activities within and transiting the U.S. financial system. The strategy must: (1) identify the most significant threats, (2) coordinate enforcement efforts at all levels of government and with international partners, and (3) describe efforts to ensure that data collected by the federal government is available in a timely fashion to agencies and appropriate financial institutions and that agencies make use of publicly available data.

Written by the nonpartisan Congressional Research Service, describing H.R. 5602 as passed Senate amended on Dec 10, 2016. It is not the text of the measure; a later amendment may have changed what it does.

How every member votedHouse roll call 401

House Jul 11, 2016

On Motion to Suspend the Rules and Pass

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

Passed · Two-thirds required

356 Yea 47 Nay 30 not voting

Crossed both parties 47 of 403 voting members broke with their own party: 1 Democrat, 46 Republicans.

Open the official roll call

How the chamber split

One dot per member. Select a seat or a bar to filter the list.

DemocratsRepublicansFilled: YeaRing: NayGrey: not voting or present

By party select a segment to filter

All members433 members

Democratic187 members

Republican246 members

marks half of the votes cast. A party’s majority is the side most of its voting members took.

Cosponsors13 · 7 Republicans · 6 Democrats

Signing on is not a vote: a member can cosponsor H.R. 5602 and vote against it. 1 signed when it was filed.

Who lobbied on H.R. 56021 organization

Organizations that named H.R. 5602 in a lobbying disclosure. Only those that cited the bill by number appear, so this is a floor, not a full list.

CLEARING HOUSE PAYMENTS COMPANY LLCfiled by THE CLEARING HOUSE PAYMENTS COMPANY, LLC

Taxation/Internal Revenue Code · Banking1 filing · 2nd Quarter (Apr 1 - June 30) 2016Filing

1 disclosure names this measure. Retrieved from LDA.gov on 2026-10-05. Senate Office of Public Records cannot vouch for the data or analyses derived from these data after the data have been retrieved from LDA.gov.