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Caribbean Engagement: Financial Services De-risking Strategy Consultation.

This act requires the U.S. Treasury Department to consult with financial institutions and governments in the Caribbean region when developing its financial de-risking strategy. This ensures that financial regulations consider the region's specific needs, potentially impacting banking stability and access to financial services for citizens and businesses operating in the Caribbean.
Key points
Increased Collaboration: The U.S. government must consult with Caribbean banks and governments before implementing new financial rules.
Financial Stability: The aim is to prevent negative impacts on banking services and money flow in the Caribbean, which could indirectly affect individuals using these services.
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Expired
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Additional Information
Print number: 117_HR_8797
Sponsor: Rep. Waters, Maxine [D-CA-43]
Process start date: 2022-09-09
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Caribbean Stakeholders Engagement Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_8797.

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 2022-09-09.

What are the main provisions?

Key points include:

  • Increased Collaboration: The U.S. government must consult with Caribbean banks and governments before implementing new financial rules.
  • Financial Stability: The aim is to prevent negative impacts on banking services and money flow in the Caribbean, which could indirectly affect individuals using these services.
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

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: Referred to the House Committee on Financial Services.

Is this summary verified?

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

CATEGORIES

Economy