Timely Delivery of Bank Secrecy Act Reports Act
This bill requires the Department of the Treasury to provide Bank Secrecy Act (BSA) reports to a congressional committee or subcommittee not later than 30 days after a request. Under the BSA, financial institutions must keep records of certain transactions and report suspicious activity indicative of money laundering or other criminal activity.
Additionally, when subpoenaed, a financial institution must provide such reports to a congressional committee or subcommittee.
To amend title 31, United States Code, to require the timely production 
   of reports to Congress under the Bank Secrecy Act, and for other 
                               purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Timely Delivery of Bank Secrecy Act 
Reports Act''.

SEC. 2. TIMELY PRODUCTION OF BANK SECRECY ACT REPORTS TO CONGRESS.

    Section 5319 of title 31, United States Code, is amended--
            (1) by striking ``The Secretary of the Treasury'' and 
        inserting the following:
    ``(a) In General.--The Secretary of the Treasury''; and
            (2) by adding at the end the following:
    ``(b) Timely Production of Reports to Congress.--
            ``(1) Production by the secretary.--Upon the request of the 
        congressional committees or subcommittees of appropriate 
        jurisdiction for any report filed under this subchapter, the 
        Secretary of the Treasury shall deliver the requested report to 
        the committee or subcommittee not later than 30 days after such 
        request is made.
            ``(2) Production by a financial institution pursuant to a 
        subpoena.--Upon subpoena by the congressional committees or 
        subcommittees of appropriate jurisdiction, a financial 
        institution shall deliver a report filed under this subchapter 
        by the financial institution, and any information on which such 
        report is based, to the committee or subcommittee not later 
        than the return date specified for such report in the 
        subpoena.''.

            Passed the House of Representatives July 26, 2022.

            Attest:

                                             CHERYL L. JOHNSON,

                                                                 Clerk.
Timely Delivery of Bank Secrecy Act Reports Act
To amend title 31, United States Code, to require the timely production of reports to Congress under the Bank Secrecy Act, and for other purposes.
Timely Delivery of Bank Secrecy Act Reports Act
Timely Delivery of Bank Secrecy Act Reports Act
Rep. Waters, Maxine