Foreign Affiliates Sharing Pilot Program Extension Act

Bill: 118-hr-5524
Sponsor: Rep. Garcia, Sylvia R. [D-TX-29]
Introduced: 2023-09-18 in the House
Policy area: Finance and Financial Sector
Subjects: Business records
Foreign and international corporations
Fraud offenses and financial crimes
Public-private cooperation

Summary:
action_date: 2023-09-18
text: 

Foreign Affiliates Sharing Pilot Program Extension Act 

 
This bill extends a pilot program that allows financial institutions to share suspicious activity reports with foreign affiliates for the purpose of combatting illicit financial activity. Currently, the program has not been implemented and is set to terminate January 1, 2024. The bill extends the termination date to three years after the Department of the Treasury issues rules for the pilot program. 

action_date: 2023-12-11
text: 

Foreign Affiliates Sharing Pilot Program Extension Act 

This bill extends a pilot program that allows financial institutions to share suspicious activity reports with foreign affiliates for the purpose of combatting illicit financial activity. Currently, the program has not been implemented and is set to terminate January 1, 2024. The bill extends the termination date to three years after the Department of the Treasury issues rules for the pilot program.

action_date: 2023-12-12
text: 

Foreign Affiliates Sharing Pilot Program Extension Act 

This bill extends a pilot program that allows financial institutions to share suspicious activity reports with foreign affiliates for the purpose of combatting illicit financial activity. Currently, the program has not been implemented and is set to terminate January 1, 2024. The bill extends the termination date to three years after the Department of the Treasury issues rules for the pilot program.


Legislative actions:
action_date: 2023-12-13
text: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
action_date: 2023-12-12
text: Motion to reconsider laid on the table Agreed to without objection.
action_date: 2023-12-12
text: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 396 - 28 (Roll no. 714). (text: 12/11/2023 CR H6753)
action_date: 2023-12-12
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): 396 - 28 (Roll no. 714). (text: 12/11/2023 CR H6753)
action_date: 2023-12-12
text: Considered as unfinished business. (consideration: CR H6835-6836)
action_date: 2023-12-11
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: 2023-12-11
text: DEBATE - The House proceeded with forty minutes of debate on H.R. 5524.
action_date: 2023-12-11
text: Considered under suspension of the rules. (consideration: CR H6753-6754)
action_date: 2023-12-11
text: Mr. Nunn (IA) moved to suspend the rules and pass the bill, as amended.
action_date: 2023-12-11
text: Placed on the Union Calendar, Calendar No. 245.
action_date: 2023-12-11
text: Reported (Amended) by the Committee on Financial Services. H. Rept. 118-304.
action_date: 2023-12-11
text: Reported (Amended) by the Committee on Financial Services. H. Rept. 118-304.
action_date: 2023-09-20
text: Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 47 - 0.
action_date: 2023-09-20
text: Committee Consideration and Mark-up Session Held
action_date: 2023-09-18
text: Referred to the House Committee on Financial Services.
action_date: 2023-09-18
text: Introduced in House
action_date: 2023-09-18
text: Introduced in House