House Floor Summary

On agreeing to the Hill (AR) amendment; Agreed to by voice vote.

DEBATE - 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.

An amendment, offered by Mr. Hill (AR), numbered 2 printed in Part B of House Report 116-247 to require FinCEN to develop a regime by which entities may gain access to the beneficial ownership database. Amendment also requires FinCEN to report to Congress annually on: he number of times law enforcement, banks, or other third parties have accessed the beneficial ownership database; the number of times the database was inappropriately accessed; and the number of subpoenas obtained to gain access to the database.

POSTPONED 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.

DEBATE - 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.

An amendment, offered by Mr. Burgess, numbered 1 printed in Part B of House Report 116-247 to require an annual report to Congress of anonymized data on the number of beneficial owners per reporting corporation or LLC, the industry of each reporting corporation or LLC, and the location of the beneficial owners.

The Speaker laid before the House a message from the President transmitting a notification continuing the national emergency with respect to the situation in, or in relation to, the Democratic Republic of Congo - referred to the Committee on Foreign Affairs and ordered to be printed (H. Doc. 116-75).

On agreeing to the resolution Agreed to by the Yeas and Nays: 227 - 195 (Roll no. 572).

On ordering the previous question Agreed to by the Yeas and Nays: 228 - 194 (Roll no. 571).

GENERAL DEBATE - The Committee of the Whole proceeded with one hour of general debate on H.R. 2513.

The Speaker designated the Honorable Lauren Underwood to act as Chairwoman of the Committee.

House resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 646 and Rule XVIII.

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.

Considered under the provisions of rule H. Res. 646. H.R. 2513 — "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."

Motion to reconsider laid on the table Agreed to without objection.

The House received a communication from Caroline Boothe, Director of Member Services, House Republican Conference. Pursuant to Rule VIII of the Rules of the House of Representatives, Ms. Boothe notified the House that she had been served with a subpoena for documents and testimony issued by the United States District Court for the Southern District of New York and that after consultation with the Office of General Counsel, she had determined that compliance with the subpoena is not consistent with the privileges and rights of the House.

DEBATE - The House proceeded with one hour of debate on H. Res. 646.

Considered as privileged matter. H. Res. 646 — "Providing for consideration of the bill (H.R. 2513) 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."

The House received a message from the Clerk. Pursuant to the permission granted in Clause 2(h) of Rule II of the Rules of the U.S. House of Representatives, the Clerk notified the House that she had received the following message from the Secretary of the Senate on October 22, 2019 at 11:11 a.m.: That the Senate passed H.R. 150 amended.

ONE MINUTE SPEECHES - The House proceeded with one minute speeches, which by direction of the Chair would be limited to 15 minutes per side of the aisle.