House Bill 7195
117th Congress(2021-2022)
To provide for certain whistleblower incentives and protections.
Introduced
Introduced in House on Mar 24, 2022
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
7195
Congress
117
Policy Area
Finance and Financial Sector
Finance and Financial Sector
Primary focus of measure is U.S. banking and financial institutions regulation; consumer credit; bankruptcy and debt collection; financial services and investments; insurance; securities; real estate transactions; currency. Measures concerning financial crimes may fall under Crime and Law Enforcement. Measures concerning business and corporate finance may fall under Commerce policy area. Measures concerning international banking may fall under Foreign Trade and International Finance policy area.
No House votes have been held for this bill.
Summary
This bill revises the management of whistleblower incentive awards for individuals providing original information relating to illegal monetary transactions, money laundering, or other financial crimes. Specifically, the bill establishes a minimum award for whistleblowers of not less than 10 percent of the collected monetary sanctions.
Further, the bill establishes the Financial Integrity Fund for the payment of such awards. The fund is comprised of collected monetary sanctions and investments of the fund.
07/20/2022
Placed on the Union Calendar, Calendar No. 329.
07/20/2022
Reported (Amended) by the Committee on Financial Services. H. Rept. 117-423.
06/22/2022
Ordered to be Reported in the Nature of a Substitute (Amended) by Voice Vote.
06/22/2022
Committee Consideration and Mark-up Session Held.
03/24/2022
Referred to the House Committee on Financial Services.
03/24/2022
Introduced in House
Public Record
Record Updated
Mar 8, 2023 8:11:54 PM