HR 6829 — International Financial Access Improvements Act

Summary

HR 6829 amends the Foreign Assistance Act of 1961 to expand the International Narcotics Control Strategy Report to include detailed examples of improvements countries have made in combating narcotics-related money laundering. The bill requires the President to consult with the Treasury Secretary on money laundering sections and prepare a separate volume of the report focusing on money laundering, which must be submitted to relevant Congressional committees. The bill directs the Treasury Secretary to consult with federal banking agencies and the Financial Institutions Examination Council to develop more consistent Bank Secrecy Act examinations across agencies. The Treasury Secretary must submit a report to Congress within 180 days describing steps to build consistency in these examinations.

AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.

Sponsor (1)

Rep. Waters, Maxine [D-CA-43] (D-CA)

Money behind the sponsor

Top reported contributors to Maxine Waters’s campaign committee (2024 cycle) — who funds the bill’s sponsor, not a claim about this bill. Data from FEC.

GUSTAR KAPLAN NUSBAUM PLLC $9,900
INVARIANT $8,300
SLA WORLDWIDE $6,950
MINDSET $6,800
EGAN-JONES RATINGS CO. $6,600

Organizations whose employees gave the most — itemized individual contributions grouped by the donor’s reported employer (FEC Schedule A). Full finance for Maxine Waters → · Outside spending →

Actions (2)

Dec 17, 2025 Referred 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. · house
Dec 17, 2025 Introduced in House

Similar bills (6)

Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.

Full text

IN THE HOUSE OF REPRESENTATIVES

December 17, 2025

Ms. Waters introduced the following bill; which was referred 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

A BILL

To amend the Foreign Assistance Act of 1961 to make improvements to the International Narcotics Control Strategy Report, and for other purposes.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

This subtitle may be cited as the “International Financial Access Improvements Act”.

SEC. 2. IMPROVEMENTS BY COUNTRIES IN COMBATING NARCOTICS-RELATED MONEY LAUNDERING.

(a) In General.—Section 489(a)(7) of the Foreign Assistance Act of 1961 (22 U.S.C. 2291h(a)(7)) is amended—

(1) in the matter preceding subparagraph (A), by striking “paragraph (3)(D)” and inserting “paragraph (3)(C)”; and

(2) by inserting after subparagraph (C) the following:

“(D) Where the information is available, examples of improvements in each country related to the findings described in each of clauses (i) through (viii) of subparagraph (C) including—

“(i) actions taken by the country due to the adoption of law and regulations considered essential to prevent narcotics-related money laundering;

“(ii) enhanced enforcement actions taken by the country, such as regulatory penalties, criminal prosecutions and convictions, and asset seizures and forfeitures;

“(iii) status changes in financial crime- related evaluations by international standards- setting bodies;

“(iv) efforts to enhance the prevention of narcotics-related money laundering; and

“(v) if applicable, bilateral, multilateral, and regional initiatives that have been undertaken to prevent narcotics- related money laundering.”.

(b) Additional Requirements for Money Laundering Issues.—In making each report required under section 489(a) of the Foreign Assistance Act of 1961, as amended by subsection (a), the President shall—

(1) consult with the Secretary of the Treasury on any parts of the report relating to money laundering; and

(2) prepare a separate volume of the report containing all items relating to money laundering, and submit a copy of such separate volume to the Committee on Financial Services of the House of Representatives and the Committee on Banking, Housing, and Urban Affairs of the Senate.

(c) Report on Consistency of BSA Examinations.—

(1) In general.—The Secretary of the Treasury shall, not later than 180 days after the date of the enactment of this section—

(A) consult with the 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 across such agencies; and

(B) submit to the Committee on Financial Services of the House of Representatives and the Committee on Banking, Housing, and Urban Affairs of the Senate, a report that describes steps the Secretary of the Treasury is taking to build more consistent Bank Secrecy Act exams across such agencies based on the consultation required under subparagraph (A).

(2) Definitions.—In this subsection:

(A) Bank secrecy act.—The term “Bank Secrecy Act” means—

(i) section 21 of the Federal Deposit Insurance Act (12 U.S.C. 1829b);

(ii) chapter 2 of title I of Public Law 91- 508 (12 U.S.C. 1951 et seq.); and

(iii) subchapter II of chapter 53 of title 31, United States Code.

(B) Federal banking agency.—The term “Federal banking agency” has the meaning given the term in section 3(q) of the Federal Deposit Insurance Act. <all>

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