Honduras Obstinately Neglects Defense and Risks Alienating Security Act or HONDURAS ActThis bill authorizes the President to suspend all assistance to Honduras if U.S. military and civilian personnel redeploy from Soto Cano Air Base as the result of the Honduran government's refusal to host such personnel at the base.
Bank Privacy Reform Act This bill eliminates provisions that require financial institutions to report certain financial information to specified government agencies. Currently, financial institutions are required to report certain financial transactions (e.g., transfers of over $10,000) for the purpose of detecting illicit activity, such as money laundering or the financing of terrorism. Under the bill, such records are only obtainable through a search warrant.The bill also eliminates reporting requirements related to the beneficial ownership of certain corporate entities.