Timely Delivery of Bank Secrecy Act Reports Act 2022-07-26 Passed House 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.

]]> 2022-07-20 Reported to House 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.

]]> 2022-05-12 Introduced in House 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.

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