H.R. 7734 — Referred from Senate

IIB 117th CONGRESS 2d Session H. R. 7734 IN THE SENATE OF THE UNITED STATES July 27, 2022Received; read twice and referred to the Committee on Banking, Housing, and Urban Affairs AN ACT 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. 1. Short title This Act may be cited as the Timely Delivery of Bank Secrecy Act Reports Act. 2. 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 the congressional committees or subcommittees 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 the congressional committees or subcommittees 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. . Passed the House of Representatives July 26, 2022.Cheryl L. Johnson,Clerk.