Finally, some good news!
The Hill’s Cristina Marcos reports:
The House failed to pass legislation on Monday to enhance a provision of the Patriot Act that encourages banks to tip off federal authorities to suspected cases of terrorist financing.
Many libertarians warned of potential privacy violations if the measure went into effect, which helped prevent it from reaching the necessary two-thirds majority to pass through the fast-track process under which it was considered.
While the bill won a simple majority of 229-177, it didn’t clear the supermajority bar needed for passage. The procedure is typically used for noncontroversial bills that pass easily.
Section 314 of the Patriot Act, which Congress enacted in the aftermath of the 9/11 terrorist attacks, encourages financial institutions and the federal government to share information with each other about transactions connected to terrorism.
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