Foreign Affiliates Sharing Pilot Program Extension Act
USA118th CongressHR-5524| House
| Updated: 12/13/2023
Sylvia R. Garcia
Democratic Representative
Texas
Cosponsors (1)
Financial Services Committee, Banking, Housing, and Urban Affairs Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
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.
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Timeline
Introduced in House
Referred to the House Committee on Financial Services.
Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 47 - 0.
Committee Consideration and Mark-up Session Held
Placed on the Union Calendar, Calendar No. 245.
Reported (Amended) by the Committee on Financial Services. H. Rept. 118-304.
Mr. Nunn (IA) moved to suspend the rules and pass the bill, as amended.
Considered under suspension of the rules. (consideration: CR H6753-6754)
DEBATE - The House proceeded with forty minutes of debate on H.R. 5524.
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 H6835-6836)
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)
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
Business recordsForeign and international corporationsFraud offenses and financial crimesPublic-private cooperation
Foreign Affiliates Sharing Pilot Program Extension Act
USA118th CongressHR-5524| House
| Updated: 12/13/2023
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.
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.
Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 47 - 0.
Committee Consideration and Mark-up Session Held
Placed on the Union Calendar, Calendar No. 245.
Reported (Amended) by the Committee on Financial Services. H. Rept. 118-304.
Mr. Nunn (IA) moved to suspend the rules and pass the bill, as amended.
Considered under suspension of the rules. (consideration: CR H6753-6754)
DEBATE - The House proceeded with forty minutes of debate on H.R. 5524.
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 H6835-6836)
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)
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.
Sylvia R. Garcia
Democratic Representative
Texas
Cosponsors (1)
Financial Services Committee, Banking, Housing, and Urban Affairs Committee
Finance and Financial Sector
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Business recordsForeign and international corporationsFraud offenses and financial crimesPublic-private cooperation