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Improving International Reporting on Narcotics Money Laundering and Financial Access.

This act aims to enhance how the US monitors global efforts against narcotics-related money laundering by mandating more detailed reporting on specific improvements made by foreign countries, including new laws and asset seizures. Furthermore, it requires the Treasury Secretary to work towards standardizing Bank Secrecy Act (BSA) examinations across US federal banking agencies. These measures are intended to strengthen the integrity and security of the US financial system against illicit funds.
Key points
Requires detailed reporting on specific actions taken by foreign countries to combat narcotics-related money laundering (e.g., new laws, penalties, asset forfeitures).
Mandates the President to prepare a separate, dedicated volume of the report focusing solely on money laundering issues for Congressional review.
The Treasury Secretary must consult with federal agencies to standardize Bank Secrecy Act (BSA) compliance examinations across the US.
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Status: Introduced
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Additional Information
Print number: 119_HR_6829
Sponsor: Rep. Waters, Maxine [D-CA-43]
Process start date: 2025-12-17
System Note: Lustra is free, publicly auditable civic infrastructure — 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-flash-latest
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

International Financial Access Improvements Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_6829.

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 2025-12-17.

What are the main provisions?

Key points include:

  • Requires detailed reporting on specific actions taken by foreign countries to combat narcotics-related money laundering (e.g., new laws, penalties, asset forfeitures).
  • Mandates the President to prepare a separate, dedicated volume of the report focusing solely on money laundering issues for Congressional review.
  • The Treasury Secretary must consult with federal agencies to standardize Bank Secrecy Act (BSA) compliance examinations across the US.
What is the specific legal status?

The current status is Introduced.

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: Introduced in House

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2026-01-28.

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

Economy Security Courts and Law