Foreign Affiliates Sharing Pilot Program Extension Act

The Foreign Affiliates Sharing Pilot Program Extension Act extends a program allowing U.S. financial institutions to share certain information with their foreign affiliates. It revises the program's end date from three years after the law's enactment to three years after the Treasury Secretary issues implementing rules. This adjustment gives the Treasury Department more time to finalize necessary regulations before the pilot concludes. The bill directly affects participating U.S. banks by prolonging their eligibility for the program.