118th Congress > House > Vote 709

Date: December 12, 2023

Result: 396-28 (Passed)

Clerk session vote number: 714

Sponsor: GARCIA, Sylvia (D-TX)

Bill number: HR5524

Question: On Motion to Suspend the Rules and Pass, as Amended

Description: Foreign Affiliates Sharing Pilot Program Extension Act

Bill summary:

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.

Bill titles: To amend the start date of the pilot program on sharing with foreign branches, subsidiaries and affiliates.

Links for more info on the vote: congress.gov

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