To provide for certain whistleblower incentives and protections.
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.
Bill status
in committee
1 of 4 stages cleared
Introduction
Mar 2022
Committee Review
Floor Vote
President
Introduced Mar 24, 2022
Last action Jul 20, 2022
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
6
Key actions
2
Committee
3
Amendments
1
Jul 20, 2022
Lower · Passed
Reported (Amended) by the Committee on Financial Services. H. Rept. 117-423.
lower
Jun 22, 2022
Introduced
Ordered to be Reported in the Nature of a Substitute (Amended) by Voice Vote.
lower
Jun 22, 2022
Lower · Passed
Committee Consideration and Mark-up Session Held.
lower
Mar 24, 2022
Committee
Referred to the House Committee on Financial Services.
lower
Mar 24, 2022
Introduced
Introduced in House
lower
1 primary · 1 co-sponsor
Sponsors
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