HR 5524 · 118th Congress · Finance and Financial Sector
Foreign Affiliates Sharing Pilot Program Extension Act
Bill Progress
✓
Introduced✓
Committee✓
House Vote4
Senate5
EnactedLatest: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.(2023-12-13)
Recorded Votes
How Did Your Rep Vote?
Enter a ZIP code or representative's name
Plain Language Summary
[AI summary unavailable — showing source text]
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.…
Summarized by Claude AI · Non-partisan · For informational purposes only
CBO Cost Estimate
Congressional Budget OfficeH.R. 5524, Foreign Affiliates Sharing Pilot Program Extension Act
Nov 6, 2023As reported by the House Committee on Financial Services on September 20, 2023
Full CBO report ↗Official non-partisan budget analysis by the Congressional Budget Office