Ask AI
Bill117th CongressFiled May 12, 2022Finance and Financial Sector
H.R. 7734

Timely Delivery of Bank Secrecy Act Reports Act

Bill journey · stage 2 of 5

Under committee review

Filed
Comm.
Floor
Both
Law

What it doesSummary passed house (Jul 26, 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.

What just happenedJul 27, 2022

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Who’s behind it

Rep. Waters, Maxine [D-CA-43](D-CA)Sponsor
Read on Congress.gov
2committees17actions5subjects
  1. Jul 27, 2022IntroReferral

    Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

    Banking, Housing, and Urban Affairs Committee
  2. Jul 26, 2022FloorH38310

    Motion to reconsider laid on the table Agreed to without objection.

  3. Jul 26, 2022FloorH37300

    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)

  4. Jul 26, 2022Floor8000

    Passed/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): 349 - 70 (Roll no. 393).(text: CR H7126)

  5. Jul 26, 2022FloorH30000

    Considered as unfinished business. (consideration: CR H7146)

  6. Jul 26, 2022FloorH37220

    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.

  7. Jul 26, 2022FloorH8D000

    DEBATE - The House proceeded with forty minutes of debate on H.R. 7734.

  8. Jul 26, 2022FloorH30000

    Considered under suspension of the rules. (consideration: CR H7126-7127)

  9. Jul 26, 2022FloorH30300

    Ms. Waters moved to suspend the rules and pass the bill, as amended.

  10. Jul 20, 2022CalendarsH12410

    Placed on the Union Calendar, Calendar No. 331.

  11. Jul 20, 2022CommitteeH12200

    Reported (Amended) by the Committee on Financial Services. H. Rept. 117-425.

    Financial Services Committee
  12. Jul 20, 2022Committee5000

    Reported (Amended) by the Committee on Financial Services. H. Rept. 117-425.

    Financial Services Committee
  13. May 17, 2022Committee

    Ordered to be Reported in the Nature of a Substitute by Voice Vote.

    Financial Services Committee
  14. May 17, 2022Committee

    Committee Consideration and Mark-up Session Held.

    Financial Services Committee
  15. May 12, 2022IntroReferralH11100

    Referred to the House Committee on Financial Services.

    Financial Services Committee
  16. May 12, 2022IntroReferralIntro-H

    Introduced in House

  17. May 12, 2022IntroReferral1000

    Introduced in House

Passed HouseJul 26, 202253

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.

Reported to HouseJul 20, 20227

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.

Introduced in HouseMay 12, 2022

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.

Timely Delivery of Bank Secrecy Act Reports Act — Informed