HOUSE 5524118th CongressReceived in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Foreign Affiliates Sharing Pilot Program Extension Act

Last Action: 12/13/2023

Actions

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

Showing 15 of 17 actions. Full history on Congress.gov.

CRS Summary

As of 2023-12-12 (53)

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.

Cosponsors (1)

BRAD SHERMAN (D-CA)

Subjects

Business records
Foreign and international corporations
Fraud offenses and financial crimes
Public-private cooperation

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