H.R. 5524 · 118th Congress
Foreign Affiliates Sharing Pilot Program Extension Act
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1 cosponsor · 1 D
0 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
- House Introduced Sep 18, 2023
- House Passed Dec 12, 2023 396–28
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.
What it does: CRS summary · Passed House · Dec 12, 2023
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.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
Votes to become law
About this bill and sources
Official title: Foreign Affiliates Sharing Pilot Program Extension Act
Latest action (Dec 13, 2023): Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Policy area: Finance and Financial Sector · Origin: House · Introduced: Sep 18, 2023
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML) · Embed in your story
- House Introduced Sep 18, 2023
- House Passed Dec 12, 2023 396–28
Final vote · House · Dec 12, 2023
Passage (two-thirds required) — Passed. Vote details
Speaker of the House: Mike Johnson