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Faster Congressional Access to Suspicious Financial Transaction Reports

New rules aim to speed up Congress's access to financial reports on suspicious transactions. This means oversight bodies will get information faster, potentially increasing the effectiveness of fighting financial crime and protecting citizens from fraud.
Key points
The Treasury Department must provide requested reports to Congress within 30 days.
Financial institutions must provide reports and underlying data upon Congressional subpoena by the specified return date.
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83%
VOTING RESULTS
2022-07-27
For 349
Against 70
Abstain 0
Full voting results open_in_new
gavel
Status:
Expired
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Additional Information
Print number: 117_HR_7734
Sponsor: Rep. Waters, Maxine [D-CA-43]
Process start date: 2022-05-12
Voting date: 2022-07-27
Meeting no: 2
Voting no: 393
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Timely Delivery of Bank Secrecy Act Reports Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_7734.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2022-05-12.

What are the main provisions?

Key points include:

  • The Treasury Department must provide requested reports to Congress within 30 days.
  • Financial institutions must provide reports and underlying data upon Congressional subpoena by the specified return date.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Where is the official voting record?

The official roll call vote is recorded at: voting record

Who is the primary sponsor?

The primary sponsor is Rep. Waters, Maxine [D-CA-43].

What is the latest detailed status?

The latest detailed status is: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 349 - 70 (Roll no. 393). (text: CR H7126)

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

What is the impact of this bill?

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Courts and Law Economy