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January 4, 2021

Senate votes 81-13 to override President's veto of defense authorization bill carrying money-laundering provisions

By a vote of 81-13, the Senate on January 1 voted to override President Trump's veto of HR 6395, the conference report for the fiscal 2021 National Defense Authorization Act (NDAA), with a two-thirds supermajority needed to override. The NDAA bill includes language establishing a regime requiring smaller businesses to disclose their beneficial owners to the Treasury Department's Financial Crimes Enforcement Network (FinCEN), as well as an overhaul of anti-money laundering (AML) laws for financial institutions.

The attached Alert from Washington Council Ernst & Young has details.


Contact Information
For additional information concerning this Alert, please contact:
Washington Council Ernst & Young
   • Will Heyniger (
   • Bob Schellhas (


Full text of the Alert