Timely Delivery of Bank Secrecy Act Reports Act
USA117th CongressHR-7734| House
| Updated: 7/27/2022
Maxine Waters
Democratic Representative
California
Financial Services Committee, Banking, Housing, and Urban Affairs Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
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.
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Timeline
Introduced in House
Referred to the House Committee on Financial Services.
Committee Consideration and Mark-up Session Held.
Ordered to be Reported in the Nature of a Substitute by Voice Vote.
Placed on the Union Calendar, Calendar No. 331.
Reported (Amended) by the Committee on Financial Services. H. Rept. 117-425.
Ms. Waters moved to suspend the rules and pass the bill, as amended.
Considered under suspension of the rules. (consideration: CR H7126-7127)
DEBATE - The House proceeded with forty minutes of debate on H.R. 7734.
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.
Considered as unfinished business. (consideration: CR H7146)
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)
View VoteMotion to reconsider laid on the table Agreed to without objection.
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Finance and Financial Sector
Banking and financial institutions regulationCongressional oversightCriminal investigation, prosecution, interrogationFraud offenses and financial crimesGovernment information and archives
Timely Delivery of Bank Secrecy Act Reports Act
USA117th CongressHR-7734| House
| Updated: 7/27/2022
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.
Suggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in House
Referred to the House Committee on Financial Services.
Committee Consideration and Mark-up Session Held.
Ordered to be Reported in the Nature of a Substitute by Voice Vote.
Placed on the Union Calendar, Calendar No. 331.
Reported (Amended) by the Committee on Financial Services. H. Rept. 117-425.
Ms. Waters moved to suspend the rules and pass the bill, as amended.
Considered under suspension of the rules. (consideration: CR H7126-7127)
DEBATE - The House proceeded with forty minutes of debate on H.R. 7734.
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.
Considered as unfinished business. (consideration: CR H7146)
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)
View VoteMotion to reconsider laid on the table Agreed to without objection.
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Maxine Waters
Democratic Representative
California
Financial Services Committee, Banking, Housing, and Urban Affairs Committee
Finance and Financial Sector
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Banking and financial institutions regulationCongressional oversightCriminal investigation, prosecution, interrogationFraud offenses and financial crimesGovernment information and archives