Foreign Affiliates Sharing Pilot Program Extension Act
Summary
Foreign Affiliates Sharing Pilot Program Extension Act
This bill extends a pilot program that allows financial institutions to share suspicious activity reports with foreign affiliates for the purpose of combatting illicit financial activity. Currently, the program has not been implemented and is set to terminate January 1, 2024. The bill extends the termination date to three years after the Department of the Treasury issues rules for the pilot program.
Lifecycle of the Bill
Introduced in House
Sep 19, 2025
Sponsor introductory remarks on measure. (CR E882)
Sep 19, 2025
Introduced in House
Sep 19, 2025
Referred to the House Committee on Education and Workforce.
Sep 19, 2025