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International Financial Access Improvements Act

USA119th CongressHR-6829| House 
| Updated: 12/17/2025
Maxine Waters

Maxine Waters

Democratic Representative

California

Foreign Affairs Committee, Financial Services Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
This bill, known as the "International Financial Access Improvements Act," aims to strengthen the reporting mechanisms for international efforts against narcotics-related money laundering. It amends the Foreign Assistance Act of 1961, specifically requiring the International Narcotics Control Strategy Report to include detailed examples of improvements made by countries. These examples must cover actions such as the adoption of essential laws and regulations, enhanced enforcement actions like prosecutions and asset seizures, and progress in international financial crime evaluations. Furthermore, the legislation mandates that the President consult with the Secretary of the Treasury on all money laundering aspects of the report. A separate volume dedicated entirely to money laundering issues must be prepared and submitted to the House Committee on Financial Services and the Senate Committee on Banking, Housing, and Urban Affairs. The bill also directs the Secretary of the Treasury to consult with federal banking agencies and other relevant bodies to determine how to achieve more consistent Bank Secrecy Act examinations, and to report on these efforts to Congress.
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Timeline
Dec 17, 2025
Introduced in House
Dec 17, 2025
Referred to the Committee on Foreign Affairs, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
  • December 17, 2025
    Introduced in House


  • December 17, 2025
    Referred to the Committee on Foreign Affairs, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

International Affairs

International Financial Access Improvements Act

USA119th CongressHR-6829| House 
| Updated: 12/17/2025
This bill, known as the "International Financial Access Improvements Act," aims to strengthen the reporting mechanisms for international efforts against narcotics-related money laundering. It amends the Foreign Assistance Act of 1961, specifically requiring the International Narcotics Control Strategy Report to include detailed examples of improvements made by countries. These examples must cover actions such as the adoption of essential laws and regulations, enhanced enforcement actions like prosecutions and asset seizures, and progress in international financial crime evaluations. Furthermore, the legislation mandates that the President consult with the Secretary of the Treasury on all money laundering aspects of the report. A separate volume dedicated entirely to money laundering issues must be prepared and submitted to the House Committee on Financial Services and the Senate Committee on Banking, Housing, and Urban Affairs. The bill also directs the Secretary of the Treasury to consult with federal banking agencies and other relevant bodies to determine how to achieve more consistent Bank Secrecy Act examinations, and to report on these efforts to Congress.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Dec 17, 2025
Introduced in House
Dec 17, 2025
Referred to the Committee on Foreign Affairs, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
  • December 17, 2025
    Introduced in House


  • December 17, 2025
    Referred to the Committee on Foreign Affairs, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Maxine Waters

Maxine Waters

Democratic Representative

California

Foreign Affairs Committee, Financial Services Committee

International Affairs

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted