US Codex
Bill
Notes

H.R. 7734 — what changed

Timely Delivery of Bank Secrecy Act Reports Act

From Introduced in House to Reported in House. 1 section amended and 1 added between Introduced in House and Reported in House.

Section 1 Short title

changed Section 5319 This Act may be cited as the “Timely Delivery of title 31, United States Code, is amended—Bank Secrecy Act Reports Act”.

(1)
removed by striking “The Secretary of the Treasury” and inserting the following:

removed “(a) In general—The Secretary of the Treasury”

(2)
removed by adding at the end the following:

removed “(b) Timely production of reports to Congress

removed “(1) Production by the Secretary—Upon the request of any congressional committee or subcommittee 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.

removed “(2) Production by a financial institution pursuant to a subpoena—Upon subpoena by any congressional committee or subcommittee 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.”

Sec. 2 Timely production of Bank Secrecy Act reports to Congress

added

added Section 5319 of title 31, United States Code, is amended—

(1)
added by striking “The Secretary of the Treasury” and inserting the following:

added “(a) In general—The Secretary of the Treasury”

(2)
added by adding at the end the following:

added “(b) Timely production of reports to Congress

added “(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.

added “(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.”