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HR 5472 118th Congress House Finance and Financial Sector Congressional oversight Congressional-executive branch relations Fraud offenses and financial crimes Government ethics and transparency, public corruption Government information and archives Government studies and investigations

FinCEN Oversight and Accountability Act of 2023

Introduced: September 14, 2023 Introduced by: Davidson, Warren Republican · Ohio See on congress.gov
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This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) 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 6 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 13, 2023
Placed on the Union Calendar, Calendar No. 254.
Dec 13, 2023
Reported (Amended) by the Committee on Financial Services. H. Rept. 118-315.
Sep 20, 2023
Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 46 - 0.
Sep 20, 2023
Committee Consideration and Mark-up Session Held
Sep 14, 2023
Referred to the House Committee on Financial Services.
Sep 14, 2023
Introduced in House
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 Plain-English summary Congressional Research Service

FinCEN Oversight and Accountability Act of 2023

This bill requires the Department of the Treasury to keep specified congressional committees informed of the activity of the Financial Crimes Enforcement Network (FinCEN), particularly regarding unlawful activity and any resulting corrective action.

Further, Treasury must disclose to Congress and to the public (with some exclusions) all controlling documents delegating authority to or providing direction to FinCEN. Such disclosure includes any controlling documents in force upon enactment, any controlling documents issued thereafter, and any changes to controlling documents. The bill also limits the authority of Treasury to make certain exceptions regarding proposed or final rules related to FinCEN to the person performing the duties of the Secretary.

The bill extends the time period during which Treasury must testify before Congress regarding FinCEN’s anti-money laundering programs for another five years.

FinCEN must also hold an annual small business working group to provide guidance on beneficial ownership reporting obligations. 

What's happening now December 13, 2023

Placed on the Union Calendar, Calendar No. 254.

 Related & companion bills 2
  • HR 5422 Related bill Small Business Working Group Act
  • HR 2963 Related bill FinCEN Accountability Act of 2023
 Bill text 2 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 5472: FinCEN Oversight and Accountability Act of 2023. 118th Congress. Open America. https://openamerica.io/bill/118-HR-5472/
MLA
"H.R. 5472: FinCEN Oversight and Accountability Act of 2023." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HR-5472/.
Bluebook (legal)
H.R. 5472, 118th Cong. (2026), https://openamerica.io/bill/118-HR-5472/.
Markdown link
[H.R. 5472: FinCEN Oversight and Accountability Act of 2023](https://openamerica.io/bill/118-HR-5472/)
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