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![handle is hein.congrecreports/crptxafvj0001 and id is 1 raw text is: AUTHENTICATED
U.GOVERNMENT
INFORMATION .
118TH CONGRESS REPORT
1st Session HOUSE OF REPRESENTATIVES 118-315
FINCEN OVERSIGHT AND ACCOUNTABILITY ACT OF 2023
DECEMBER 13, 2023.-Committed to the Committee of the Whole House on the State
of the Union and ordered to be printed
Mr. MCHENRY, from the Committee on Financial Services,
submitted the following
R E P O R T
[To accompany H.R. 5472]
The Committee on Financial Services, to whom was referred the
bill (H.R. 5472) to make improvements to the Financial Crimes En-
forcement Network, and for other purposes, having considered the
same, reports favorably thereon with an amendment and rec-
ommends that the bill as amended do pass.
The amendment is as follows:
Strike all after the enacting clause and insert the following:
SECTION 1. SHORT TITLE; TABLE OF CONTENTS.
(a) SHORT TITLE.-This Act may be cited as the FinCEN Oversight and Account-
ability Act of 2023.
(b) TABLE OF CONTENTS.-The table of contents for this Act is as follows:
Sec. 1. Short title; table of contents.
TITLE I-CONGRESSIONAL OVERSIGHT
Sec. 101. Information for constitutional functions of Congress.
TITLE II-FINCEN ACCOUNTABILITY
Sec. 201. Transparency with controlling documents.
Sec. 202. Testimony by the Director of FinCEN.
TITLE III-SMALL BUSINESS WORKING GROUP
Sec. 301. Small Business Working Groups.
TITLE I-CONGRESSIONAL OVERSIGHT
SEC. 101. INFORMATION FOR CONSTITUTIONAL FUNCTIONS OF CONGRESS.
(a) KEEPING CONGRESS INFORMED.-The Secretary of the Treasury shall keep the
Committee on Financial Services of the House of Representatives and the Com-
mittee on Banking, Housing, and Urban Affairs of the Senate fully and currently
informed of the activities of the Financial Crimes Enforcement Network, including
any significant anticipated activity of such Network.
(b) REPORT OF UNLAWFUL ACTIVITY AND CORRECTIVE ACTION.-The Secretary of
the Treasury shall report promptly to the Committee on Financial Services of the
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