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.
VOTING RESULTS
2022-07-27
83%
For
349
Against
70
Abstain
0
Expired
Citizen Poll