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Bill > HR6328


US HR6328

US HR6328
FinCEN Exam Delegation Study


summary

Introduced
12/20/2021
In Committee
12/20/2021
Crossed Over
Passed
Dead
01/03/2023

Introduced Session

117th Congress

Bill Summary

A BILL To require the Secretary of the Treasury to conduct a brief- ing with respect to the delegation of examination author- ity under the Bank Secrecy Act by the Secretary of the Treasury.

AI Summary

This bill, titled the "FinCEN Exam Delegation Study," requires the Secretary of the Treasury to conduct a briefing for congressional committees on the delegation of examination authority under the Bank Secrecy Act (BSA). The briefing will cover the current status of the delegation, how frequently delegated agencies can examine entities, whether those agencies have appropriate resources and examiner training to perform their responsibilities, and the overall mission of the BSA. The bill defines key terms such as "Bank Secrecy Act" and "Federal financial regulators" to provide context. The goal is to improve oversight and understanding of the Treasury's delegation of BSA examination authority to various federal and state agencies.

Committee Categories

Business and Industry

Sponsors (1)

Last Action

Referred to the House Committee on Financial Services. (on 12/20/2021)

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