H.R. 5524 · 118th Congress · Finance and Financial Sector
Foreign Affiliates Sharing Pilot Program Extension Act
What it does
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.
Summary by the Congressional Research Service, Dec 12, 2023 (Passed House). CRS summarizes bills impartially; it does not take positions.
Roll call votes
| Date | Question | Party split (yea) | Result |
|---|---|---|---|
| Dec 12, 2023 House roll 709 |
On Motion to Suspend the Rules and Pass, as AmendedForeign Affiliates Sharing Pilot Program Extension Act | D 208–0 · R 188–28 |
Passed 396–28 |
Latest action
Dec 13, 2023 · Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.