International Financial Access Improvements Act
- Introduced Dec 17
- Committee Dec 17
- Passed House Next
- Passed Senate Not yet
- To President Not yet
- Law Not yet
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Summary
This bill amends the Foreign Assistance Act of 1961 to improve reporting on countries' efforts against narcotics-related money laundering and requires the Treasury Secretary to report on making Bank Secrecy Act examinations more consistent.
Sec. 2, Improvements by countries in combating narcotics-related money laundering: The bill updates the annual International Narcotics Control Strategy Report to require, where available, examples of each country's improvements in preventing narcotics-related money laundering, including actions taken due to new laws, enhanced enforcement actions, changes in international evaluations, prevention efforts, and relevant bilateral, multilateral, or regional initiatives. The President must consult with the Treasury Secretary on money laundering parts of the report and submit a separate volume on money laundering to the House Financial Services Committee and Senate Banking Committee. Within 180 days of enactment, the Treasury Secretary must consult with federal banking agencies, the Financial Institutions Examination Council, and the Bank Secrecy Act Advisory Group to determine how to build more consistent Bank Secrecy Act exams, and then submit a report to those same committees describing steps being taken to achieve that consistency.
Summary of the bill text as introduced in House (Dec 17, 2025), generated by SecBot from the official bill text; the Library of Congress summary is not yet published.
Actions
- HouseIntroduced in HouseDec 17, 2025
- HouseReferred to the Committee on Foreign Affairs, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.Dec 17, 2025
Bill record
Text versions1
- Introduced in HouseDec 17, 2025PDF: Introduced in House
Committees2
- House Financial Services CommitteeReferred To Dec 17, 2025
- House Foreign Affairs CommitteeReferred To Dec 17, 2025
Sponsor and cosponsors0 cosponsors
- Rep. Maxine Waters (D-CA-43)Sponsor, Dec 17, 2025
Amendments0
No amendments offered
Cost estimates and reports0
No cost estimate or committee report yet
Titles2
- International Financial Access Improvements ActShort Title(s) as Introduced
- To amend the Foreign Assistance Act of 1961 to make improvements to the International Narcotics Control Strategy Report, and for other purposes.Official Title as Introduced
Subjects1
Related bills0
No related bills listed
Official record from Congress.gov, the House Clerk and the Senate; lobbying from Lobbying Disclosure Act filings. Updated Oct 27, 2026.