{"format":1,"id":"118-hr-5524","congress":118,"number":"H.R. 5524","kind":"bill","group":"bills","title":"Foreign Affiliates Sharing Pilot Program Extension Act","title_source":"Short Title(s) as Passed House","official_title":"To amend the start date of the pilot program on sharing with foreign branches, subsidiaries and affiliates.","titles":[{"type":"Official Title as Introduced","title":"To amend the start date of the pilot program on sharing with foreign branches, subsidiaries and affiliates."},{"type":"Display Title","title":"Foreign Affiliates Sharing Pilot Program Extension Act"},{"type":"Short Titles from RFS (Referred to Senate) bill text","title":"Foreign Affiliates Sharing Pilot Program Extension Act"},{"type":"Short Title(s) as Introduced","title":"Foreign Affiliates Sharing Pilot Program Extension Act"},{"type":"Short Title(s) as Reported to House","title":"Foreign Affiliates Sharing Pilot Program Extension Act"},{"type":"Short Title(s) as Passed House","title":"Foreign Affiliates Sharing Pilot Program Extension Act"}],"outcome":"passed_house","law_number":null,"introduced":"2023-09-18","chambers":{"house":{"status":"roll_call","date":"2023-12-12","vote":{"id":"118-2023-h714","question":"On Motion to Suspend the Rules and Pass, as Amended","title":"Foreign Affiliates Sharing Pilot Program Extension Act","result":"Passed","yea":396,"nay":28,"present":0,"not_voting":9,"source":"https://clerk.house.gov/evs/2023/roll714.xml"}},"senate":{"status":"na","date":null,"vote":null}},"president":{"status":"na","date":null},"vice_president_tie_breaker":null,"latest_action":{"text":"Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.","date":"2023-12-13"},"nominees":null,"amendments":[],"other_votes":[],"crs_summary":{"date":"2023-12-12","stage":"Passed House","blocks":[{"k":"h","t":"Foreign Affiliates Sharing Pilot Program Extension Act"},{"k":"p","t":"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."}],"words":69},"summary":{"main_subject":{"text":"Changes the date on which the pilot program on sharing with foreign branches, subsidiaries and affiliates ends, so that it runs from three years after the Secretary of the Treasury issues rules instead of three years after the date of enactment of the paragraph.","cites":[{"label":"Sec. 2","href":"https://www.congress.gov/bill/118th-congress/house-bill/5524/text/eh#HA774ADCED6DF4CDEBCEEB5F3DF49814A"}]},"core_areas":["Termination date of the foreign affiliates sharing pilot program under 31 U.S.C. 5318(g)(8)"],"what_it_does":[{"text":"Amends section 5318(g)(8)(B)(iii) of title 31, United States Code, by striking \"3 years after the date of enactment of this paragraph\".","cite":{"label":"Sec. 2","href":"https://www.congress.gov/bill/118th-congress/house-bill/5524/text/eh#HA774ADCED6DF4CDEBCEEB5F3DF49814A"}},{"text":"Inserts in its place \"3 years after the date on which the Secretary of the Treasury issues rules pursuant to subparagraph (A)\", so the three-year period is counted from the issuance of those rules.","cite":{"label":"Sec. 2","href":"https://www.congress.gov/bill/118th-congress/house-bill/5524/text/eh#HA774ADCED6DF4CDEBCEEB5F3DF49814A"}},{"text":"Provides that the Act may be cited as the \"Foreign Affiliates Sharing Pilot Program Extension Act\".","cite":{"label":"Sec. 1","href":"https://www.congress.gov/bill/118th-congress/house-bill/5524/text/eh#H5A1663407F764C91BE03CC82C571F838"}}],"unexpected":[],"version":{"type":"Engrossed in House","date":"2023-12-12","rule":"passed","href":"https://www.congress.gov/bill/118th-congress/house-bill/5524/text/eh"},"current":true,"model":"claude-sonnet-5-5","approved":"2026-10-01","approved_by":"checks"},"sources":{"congress_gov":"https://www.congress.gov/bill/118th-congress/house-bill/5524","text":"https://www.congress.gov/bill/118th-congress/house-bill/5524/text"},"card":{"image":"card/item/118-hr-5524.png","v":"5b1544aa8477","alt":"Votes on Record. H.R. 5524, 118th Congress: Foreign Affiliates Sharing Pilot Program Extension Act. House: 396 Yea, 28 Nay. Outcome: Passed House, 12 Dec 2023."}}