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117th Congress · House

Timely Delivery of Bank Secrecy Act Reports Act

Subjects: Banking and financial institutions regulation · Congressional oversight · Criminal investigation, prosecution, interrogation · Fraud offenses and financial crimes · Government information and archives · Finance and Financial Sector

In plain language

  • House bill in the 117th Congress.
  • Requires the Department of the Treasury to provide Bank Secrecy Act (BSA) reports to a congressional committee.
  • House passed it on Jul 27, 2022 (substantive).
Official summary (Congressional Research Service)

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.

View this measure on congress.gov

Roll-call votes on this measure