Timely Delivery of Bank Secrecy Act Reports Act

Bill: 117-hr-7734
Sponsor: Rep. Waters, Maxine [D-CA-43]
Introduced: 2022-05-12 in the House
Policy area: Finance and Financial Sector
Subjects: Banking and financial institutions regulation
Congressional oversight
Criminal investigation, prosecution, interrogation
Fraud offenses and financial crimes
Government information and archives

Summary:
action_date: 2022-05-12
text: 
This bill requires the Department of the Treasury to provide Bank Secrecy Act (BSA) reports to a congressional committee or subcommittee not later than 30 days after a request. Under the BSA, financial institutions must keep records of certain transactions and report suspicious activity indicative of money laundering or other criminal activity. 
 
Additionally, when subpoenaed, a financial institution must provide such reports to a congressional committee or subcommittee. 

action_date: 2022-07-20
text: 

Timely Delivery of Bank Secrecy Act Reports Act

 
This bill requires the Department of the Treasury to provide Bank Secrecy Act (BSA) reports to a congressional committee or subcommittee not later than 30 days after a request. Under the BSA, financial institutions must keep records of certain transactions and report suspicious activity indicative of money laundering or other criminal activity. 
 
Additionally, when subpoenaed, a financial institution must provide such reports to a congressional committee or subcommittee. 

action_date: 2022-07-26
text: 

Timely Delivery of Bank Secrecy Act Reports Act

 
This bill requires the Department of the Treasury to provide Bank Secrecy Act (BSA) reports to a congressional committee or subcommittee not later than 30 days after a request. Under the BSA, financial institutions must keep records of certain transactions and report suspicious activity indicative of money laundering or other criminal activity. 
 
Additionally, when subpoenaed, a financial institution must provide such reports to a congressional committee or subcommittee. 


Legislative actions:
action_date: 2022-07-27
text: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
action_date: 2022-07-26
text: Motion to reconsider laid on the table Agreed to without objection.
action_date: 2022-07-26
text: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 349 - 70 (Roll no. 393). (text: CR H7126)
action_date: 2022-07-26
text: Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 349 - 70 (Roll no. 393).(text: CR H7126)
action_date: 2022-07-26
text: Considered as unfinished business. (consideration: CR H7146)
action_date: 2022-07-26
text: At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
action_date: 2022-07-26
text: DEBATE - The House proceeded with forty minutes of debate on H.R. 7734.
action_date: 2022-07-26
text: Considered under suspension of the rules. (consideration: CR H7126-7127)
action_date: 2022-07-26
text: Ms. Waters moved to suspend the rules and pass the bill, as amended.
action_date: 2022-07-20
text: Placed on the Union Calendar, Calendar No. 331.
action_date: 2022-07-20
text: Reported (Amended) by the Committee on Financial Services. H. Rept. 117-425.
action_date: 2022-07-20
text: Reported (Amended) by the Committee on Financial Services. H. Rept. 117-425.
action_date: 2022-05-17
text: Ordered to be Reported in the Nature of a Substitute by Voice Vote.
action_date: 2022-05-17
text: Committee Consideration and Mark-up Session Held.
action_date: 2022-05-12
text: Referred to the House Committee on Financial Services.
action_date: 2022-05-12
text: Introduced in House
action_date: 2022-05-12
text: Introduced in House