H.R. 5524

Foreign Affiliates Sharing Pilot Program Extension Act

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IIB

118th CONGRESS

1st Session

H. R. 5524

IN THE SENATE OF THE UNITED STATES

December 13, 2023

Received; read twice and referred to the Committee on Banking, Housing, and Urban Affairs

AN ACT

To amend the start date of the pilot program on sharing with foreign branches, subsidiaries and affiliates.

1.

Short title

This Act may be cited as the Foreign Affiliates Sharing Pilot Program Extension Act.

2.

Foreign affiliates sharing pilot program

Section 5318(g)(8)(B)(iii) of title 31, United States Code, is amended by striking 3 years after the date of enactment of this paragraph and inserting 3 years after the date on which the Secretary of the Treasury issues rules pursuant to subparagraph (A).

Passed the House of Representatives December 12, 2023.

Kevin F. McCumber,

Clerk.