[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[H.R. 7734 Referred in Senate (RFS)]
<DOC>
117th CONGRESS
2d Session
H. R. 7734
_______________________________________________________________________
IN THE SENATE OF THE UNITED STATES
July 27, 2022
Received; 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.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Timely Delivery of Bank Secrecy Act
Reports Act''.
SEC. 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.
Attest:
CHERYL L. JOHNSON,
Clerk.