OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

Timely Delivery of Bank Secrecy Act Reports Act

Floor Speech

Date: July 26, 2022
Location: Washington, DC


I rise in support of H.R. 7734, which increases transparency and restores a strong record of cooperation with the Treasury Department.

H.R. 7734 would require prompt delivery of certain Bank Secrecy Act reports to the committees of Congress that rely on those records for oversight and legislative work.

Under Secretary Yellen, the Treasury Department has taken an unprecedented position that Congress cannot have access to Bank Secrecy Act reports. This should concern all of us on both sides of the aisle.

For the last 20 years, FinCEN has provided BSA reports to the appropriate committees of Congress without delay. FinCEN must understand that this is not a partisan matter.

I look forward to continuing to work with my Democratic colleagues to promote accountability at Treasury and to restore Article I oversight authority.

I support this bill, and I urge my colleagues to support it.
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Mrs. WAGNER. Mr. Speaker, I urge my colleagues to support H.R. 7734, and I yield back the balance of my time.

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