117 HR 7734 IH: To amend title 31, United States Code, to require the timely production of reports to Congress under the Bank Secrecy Act, and for other purposes. U.S. House of Representatives 2022-05-12 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

I117th CONGRESS2d SessionH. R. 7734IN THE HOUSE OF REPRESENTATIVESMay 12, 2022Ms. Waters introduced the following bill; which was referred to the Committee on Financial ServicesA BILLTo amend title 31, United States Code, to require the timely production of reports to Congress under the Bank Secrecy Act, and for other purposes.

1.

Timely production of Bank Secrecy Act reports to Congress

Section 5319 of title 31, United States Code, is amended— (1)by striking The Secretary of the Treasury and inserting the following: (a)

In general

The Secretary of the Treasury; and (2)by adding at the end the following: (b)

Timely production of reports to Congress

(1)

Production by the Secretary

Upon the request of any congressional committee or subcommittee of appropriate jurisdiction for any report filed under this subchapter, the Secretary of the Treasury shall deliver the requested report to the committee or subcommittee not later than 30 days after such request is made. (2)

Production by a financial institution pursuant to a subpoena

Upon subpoena by any congressional committee or subcommittee of appropriate jurisdiction, a financial institution shall deliver a report filed under this subchapter by the financial institution, and any information on which such report is based, to the committee or subcommittee not later than the return date specified for such report in the subpoena..