§5352 Quadrennial reports on foreign treatment of United States financial institutions

Summary

The Treasury Secretary must send a report to Congress at least every four years, starting December 1, 1990. The Treasury works with the Secretary of State, the Federal Reserve Board, the Comptroller of the Currency, the FDIC, the SEC, and the Commerce Department on the report. The report says which foreign countries have financial firms working in the United States, what kinds of services they offer, how much those countries refuse equal treatment to U.S. banks and securities firms, and what the U.S. has done to stop that discrimination. It focuses on countries with major problems and describes progress of talks under section 5353.