118th Congress · HOUSE BILLBILL

H.R. 5523Financial Access Improvements Act

To amend the Foreign Assistance Act of 1961 to include information in the International Narcotics Control Strategy Report on improvements by countries in combating narcotics-related money laundering, to require a report on the consistency of Bank Secrecy Act examinations, and for other purposes.

International affairs
Introduced Sep 18, 2023
Last action Dec 5, 2024
Pipeline · Bill → Law
Step 1
Introduced
Sep 18, 2023
Step 2
Referred
Sep 18, 2023
Financial Services · Foreign Affairs
Step 3
Committee
Sep 20, 2023
Reported out
Step 4
House floor
Step 5
Senate
Step 6
Resolve Changes
Step 7
Signed
SummaryCRS Summary

This bill adds a requirement to the President's annual international narcotics control strategy report, which currently includes information on adoption of law and regulations to prevent narcotics-related money laundering in countries determined to be major money laundering countries. The additional requirement is to provide examples of improvement in each country in preventing narcotics-related money laundering, where such information is available. The President shall also consult with the Department of the Treasury on parts of the report related to money laundering and provide each country identified as a major money laundering country an opportunity to provide comments on the draft repor...

Provisions · 3 sectionsReported to House
Timeline · 6 actions
Dec 5, 2024
Reported (Amended) by the Committee on Financial Services. H. Rept. 118-805, Part I.
Sep 20, 2023
Committee Consideration and Mark-up Session Held
Sep 20, 2023
Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 47 - 0.
Sep 18, 2023
Introduced in House
Sep 18, 2023
Referred to the Committee on Foreign Affairs, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Sep 18, 2023
Referred to the Committee on Foreign Affairs, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.