HR 7734 · 117th Congress · Finance and Financial Sector
Timely Delivery of Bank Secrecy Act Reports Act
Bill Progress
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Introduced✓
Committee✓
House Vote4
Senate5
EnactedLatest: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.(2022-07-27)
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Plain Language Summary
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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.…
Summarized by Claude AI · Non-partisan · For informational purposes only
CBO Cost Estimate
Congressional Budget OfficeH.R. 7734, Timely Delivery of Bank Secrecy Act Reports Act
Jul 20, 2022As ordered reported by the House Committee on Financial Services on May 17, 2022
Full CBO report ↗Official non-partisan budget analysis by the Congressional Budget Office