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HR 7080 117th Congress House Finance and Financial Sector Business records Foreign and international corporations Fraud offenses and financial crimes Government information and archives

Nowhere to Hide Oligarchs’ Assets Act

Introduced: March 15, 2022 Introduced by: Waters, Maxine Democratic · California See on congress.gov
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 17, 2022
Ordered to be Reported in the Nature of a Substitute by the Yeas and Nays: 26 - 23.
Mar 17, 2022
Committee Consideration and Mark-up Session Held.
Mar 15, 2022
Introduced in House
Mar 15, 2022
Referred to the House Committee on Financial Services.
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 Plain-English summary Congressional Research Service

Nowhere to Hide Oligarchs' Assets Act

This bill expands the scope of the Financial Crimes Enforcement Network's (FinCEN's) authority to obtain records related to financial crimes. Specifically, FinCEN may request a nationwide geographic targeting order requiring additional recordkeeping and reporting requirements applicable to domestic financial institutions or nonfinancial trades or businesses. Under current law, such an order must be limited to a specific geographic area.

Additionally, the bill expands existing recordkeeping and reporting requirements applicable to U.S. residents, citizens, and entities when transacting with a foreign financial agency to also include transactions with a foreign nonfinancial trade or business.

What's happening now March 17, 2022

Ordered to be Reported in the Nature of a Substitute by the Yeas and Nays: 26 - 23.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 3
All 3 Democratic 3
D
Garcia, Sylvia R.
Texas · Mar 18, 2022
 D
Casten, Sean
Illinois · Mar 15, 2022
 D
Lynch, Stephen F.
Massachusetts · Mar 15, 2022
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 7080: Nowhere to Hide Oligarchs’ Assets Act. 117th Congress. Open America. https://openamerica.io/bill/117-HR-7080/
MLA
"H.R. 7080: Nowhere to Hide Oligarchs’ Assets Act." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-HR-7080/.
Bluebook (legal)
H.R. 7080, 117th Cong. (2026), https://openamerica.io/bill/117-HR-7080/.
Markdown link
[H.R. 7080: Nowhere to Hide Oligarchs’ Assets Act](https://openamerica.io/bill/117-HR-7080/)
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