Bills · 118th Congress · Finance and Financial Sector

Foreign Affiliates Sharing Pilot Program Extension Act

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Roll calls on this bill

Votes on passage
HouseOn Motion to Suspend the Rules and Pass, as Amended · 12/12/23Suspension of the rulesA fast-track House procedure, usually for measures expected to have broad support. Debate is limited to 40 minutes, no amendments can be offered, and it needs a two-thirds vote of members voting — not a simple majority. A yes vote passes the bill. “As amended” means changes written into the motion itself are included.Rules of the House, Rule XV, clause 1 ↗
Passed
  • Democratic208 Yea · 0 Nay · 5 Not voting
  • Republican188 Yea · 28 Nay · 4 Not voting
  • Independent / Other0 Yea · 0 Nay · 0 Not voting
Official summary (CRS)

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.

Full text on congress.gov ↗
Sponsor
Rep. Sylvia R. Garcia ( Democrat · TX-29)
Cosponsors
1
Introduced
9/18/23
Policy area
Finance and Financial Sector
Status
9/18/23Referred to the House Committee on Financial Services.
9/18/23Introduced in House
9/20/23Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 47 - 0.
9/20/23Committee Consideration and Mark-up Session Held
12/11/23At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
12/11/23DEBATE - The House proceeded with forty minutes of debate on H.R. 5524.
12/11/23Considered under suspension of the rules. (consideration: CR H6753-6754)
12/11/23Mr. Nunn (IA) moved to suspend the rules and pass the bill, as amended.
12/11/23Placed on the Union Calendar, Calendar No. 245.
12/11/23Reported (Amended) by the Committee on Financial Services. H. Rept. 118-304.
12/12/23Motion to reconsider laid on the table Agreed to without objection.
12/12/23On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 396 - 28 (Roll no. 714). (text: 12/11/2023 CR H6753)
12/12/23Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 396 - 28 (Roll no. 714). (text: 12/11/2023 CR H6753)
12/12/23Considered as unfinished business. (consideration: CR H6835-6836)
12/13/23Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.