Nowhere to Hide Oligarchs’ Assets Act
Bill journey · stage 1 of 5
Just introduced
What it doesSummary introduced in house (Mar 15, 2022)
Nowhere to Hide Oligarchs' Assets Act
This bill expands the scope of the Financial Crimes Enforcement Network's (FinCEN's) authority to obtain records related to financial crimes. Specifically, FinCEN may request a nationwide geographic targeting order requiring additional recordkeeping and reporting requirements applicable to domestic financial institutions or nonfinancial trades or businesses. Under current law, such an order must be limited to a specific geographic area.
Additionally, the bill expands existing recordkeeping and reporting requirements applicable to U.S. residents, citizens, and entities when transacting with a foreign financial agency to also include transactions with a foreign nonfinancial trade or business.
What just happenedMar 17, 2022
Ordered to be Reported in the Nature of a Substitute by the Yeas and Nays: 26 - 23.
Who’s behind it
- Introduced in HouseMar 15, 2022
- Mar 17, 2022Committee
Ordered to be Reported in the Nature of a Substitute by the Yeas and Nays: 26 - 23.
Financial Services Committee - Mar 17, 2022Committee
Committee Consideration and Mark-up Session Held.
Financial Services Committee - Mar 15, 2022IntroReferralH11100
Referred to the House Committee on Financial Services.
Financial Services Committee - Mar 15, 2022IntroReferralIntro-H
Introduced in House
- Mar 15, 2022IntroReferral1000
Introduced in House