FinCEN Exam Delegation Study

Summary

FinCEN Exam Delegation Study This bill requires the Department of the Treasury to brief specified congressional committees on Treasury's delegation of examination authority under the Bank Secrecy Act. The Bank Secrecy Act's aim is to deter and detect money laundering, terrorist financing, and other financial crimes by requiring financial institutions to keep records and report suspicious activity. Examinations of these financial institutions are delegated to and performed by financial regulatory agencies. The briefing must include how frequently agencies are able to examine entities under their authority, the resources available to agencies to perform their responsibilities, and whether examiners have sufficient training and support.

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Timeline

1. 20 December 2021

   Introduced

   Referred to the House Committee on Financial Services.

   Source: IntroReferral

2. 20 December 2021

   Introduced

   Introduced in House

   Source: IntroReferral

3. 20 December 2021

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 20 December 2021 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 20 December 2021

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 20 December 2021

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 20 December 2021

  Open at official source

Sponsors

• Rep. Cleaver, Emanuel [D-MO-5] · D · Sponsor
• · hsba00 · Standing

Related records

• related to → National Defense Authorization Act for Fiscal Year 2022