Markup of H.R. 3378; H.R. 5409; H.R. 760; H.R. 5472; H.R. 5485; H.R. 5119... (EventID=116343)

Video Description

Connect with the House Financial Services Committee Get the latest news: https://democrats-financialservices.house.gov/ Follow us on Facebook: https://www.facebook.com/HouseFinancialCmte Follow us on Twitter: https://twitter.com/FSCDems ___________________________________ The full Committee will convene to mark up the following measures, in an order to be determined by the Chairman at 10:00 am E.T. on Wednesday, September 20, 2023, and subsequent days if necessary, in room 2128 of the Rayburn House Office Building. ___________________________________ Legislation: • H.R. 3378, the Agricultural Security Risk Review Act (Rep. Lucas) • H.R. 5409, the Safeguarding American Farms from Foreign Influence Act (Rep. Luetkemeyer) • H.R. 760, the Chinese Military and Surveillance Company Sanctions Act (Rep. Barr) • H.R. 5472, the FinCEN Oversight and Accountability Act of 2023 (Rep. Davidson) • H.R. 5485, the Financial Privacy Act of 2023 (Rep. Hill) • H.R. 5119, the Protect Small Business and Prevent Illicit Financial Activity Act (Rep. Nunn/Rep. Beatty) • H.R. ___, the Combatting Foreign Surveillance Spyware Sanctions Act (Rep. Himes) • H.R.___, the Financial Access Improvements Act (Rep. Waters) • H.R.___, the Russia and Belarus Financial Sanctions Act of 2023 (Rep. Sherman) • H.R. ___, the Foreign Affiliates Sharing Pilot Program Extension Act (Rep. Garcia) • H.R. 3402, the Power of the Mint Act (Rep. Auchincloss/Rep. Hill) • H.R. 5403, the CBDC Anti-Surveillance State Act (Rep. Emmer) • H.R. 3712, the Digital Dollar Pilot Prevention Act (Rep. Mooney) *** 1. H.R. 3378, the Agricultural Security Risk Review Act (Lucas) H.R. 3378, the Agricultural Security Risk Review Act, was introduced on May 16, 2023, by Rep. Frank D. Lucas (R-OK). The bill was attached to the September 12, 2023, hearing titled “Oversight of the Committee on Foreign Investment in the United States (CFIUS) and Other Efforts to Strengthen National Security in the United States.” H.R. 3378 would formally add the Secretary of Agriculture to the Committee on Foreign Investment in the United States (CFIUS) for the purposes of covered transactions related to agriculture. 2. H.R. 5409, the Safeguarding American Farms from Foreign Influence Act (Luetkemeyer) H.R. 5409, the Safeguarding American Farms from Foreign Influence Act, was introduced on September 12, 2023, by Rep. Blaine Luetkemeyer (R-MO). The bill was attached to the September 12, 2023, hearing titled, “Oversight of the Committee on Foreign Investment in the United States (CFIUS) and Other Efforts to Strengthen National Security in the United States.” H.R. 5409 would amend the Defense Production Act of 1950 to require the CFIUS to determine whether a national security review is needed for certain covered agricultural land transactions referred by the Secretary of Agriculture. 3. H.R. 760, the Chinese Military and Surveillance Company Sanctions Act (Barr) H.R. 760, the Chinese Military and Surveillance Company Sanctions Act, was introduced on February 2, 2023, by Rep. Andy Barr (R-KY). H.R. 760 has four cosponsors, including Rep. Blaine Luetkemeyer (R-MO), Rep. Neal Dunn (R-FL), Rep. Robert Wittman (R-VA), and Rep. Ashley Hinson (R-IA). The bill was attached to the February 7, 2023, hearing titled, “Combatting the Economic Threat from China.” H.R. 760 requires the President to impose sanctions on companies involved with China's defense or surveillance technology sectors. 4. H.R. 5472, the FinCEN Oversight and Accountability Act of 2023 (Davidson) H.R. 5472, the FinCEN Oversight and Accountability Act of 2023, was introduced on September 14, 2023, by Rep. Warren Davidson (R-OH). H.R. 5472 is comprised of the following three separate bills: Title I – Title I consists of Section 3 of H.R. 4107, the Civil Liberties Protection Act of 2023. H.R. 4107 was introduced on June 14, 2023, by Rep. Warren Davidson (R-OH). The bill was attached to the April 27, 2023, hearing titled, “Oversight of the Financial Crimes Enforcement Network (FinCEN) and the Office of Terrorism and Financial Intelligence (TFI).” Title I requires the Secretary of the Treasury to keep the House Financial Services and Senate Banking Committees informed of FinCEN activities. Additionally, the Secretary of the Treasury must promptly report to the House Financial Services and Senate Banking Committees any unlawful activity occurring at FinCEN along with any corrective activity taken or planned. Title II - H.R. 2963, the FinCEN Accountability Act of 2023, was introduced on April 27, 2023, by Rep. Barry Loudermilk (R-GA). The bill was attached to the April 27, 2023, hearing titled, “Oversight of the Financial Crimes Enforcement Network (FinCEN) and the Office of Terrorism and Financial Intelligence (TFI).” Title II ensures that the House Financial Services and Senate Banking... ___________________________________ Markup page: https://democrats-financialservices.house.gov/events/eventsingle.aspx?EventID=410822