Financial Access Improvements Act
This bill amends reporting requirements for countries receiving U.S. foreign aid related to narcotics-related money laundering. It requires countries to provide specific examples of their anti-money laundering efforts - such as new laws, enforcement actions, international evaluations, and collaborative initiatives - rather than just general findings. The U.S. Treasury must also standardize Bank Secrecy Act examinations across agencies and submit a separate report on money laundering to relevant congressional committees. The bill directly affects foreign governments receiving U.S. aid and U.S. financial oversight agencies.
Bill status
in committee
1 of 4 stages cleared
Introduction
Sep 2023
Committee Review
Floor Vote
President
Introduced Sep 18, 2023
Last action Dec 5, 2024
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
5
Key actions
2
Committee
3
Amendments
1
Dec 5, 2024
Lower · Passed
Reported (Amended) by the Committee on Financial Services. H. Rept. 118-805, Part I.
lower
Sep 20, 2023
Introduced
Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 47 - 0.
lower
Sep 20, 2023
Lower · Passed
Committee Consideration and Mark-up Session Held
lower
Sep 18, 2023
Committee
Referred to the Committee on Foreign Affairs, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
lower
Sep 18, 2023
Introduced
Introduced in House
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Maxine Waters
DDemocratic
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