Financial Services Committee Advances Congresswoman Garcia’s Foreign Affiliates Sharing Pilot Program Extension Act Out of Committee.

Washington D.C. – Today, with bipartisan support, the Financial Services Committee has successfully passed the Foreign Affiliates Sharing Pilot Program Extension Act. This pivotal legislation reaffirms our commitment to upholding the integrity of our financial system by extending the timeline for the implementation of a crucial anti-money laundering pilot program.

"Today's passage of the Foreign Affiliates Sharing Pilot Program Extension Act is a significant step toward strengthening our nation's efforts to combat money laundering. This bill underscores our commitment to safeguarding the integrity of our financial system and ensures that this vital pilot program has the time it needs to make a lasting impact," said Congresswoman Sylvia Garcia.

This bill builds upon the foundation laid by the Anti-Money Laundering Act, highlighting the ongoing dedication to combating financial crimes.

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Congresswoman Sylvia R. Garcia was elected to the U.S. House of Representatives in November 2018, becoming the first Latina ever to represent the Texas 29th Congressional District. She is the Vice Ranking Member of the House Financial Services Committee, the Vice Chair on Housing and Transportation of the House Democratic Caucus Poverty Task Force, and a member of the Select Subcommittee on the Weaponization of the Federal Government.