Title 22, Foreign Relations and IntercourseRelease 119-102
§5352 Quadrennial Reports on Foreign Treatment of United States Financial Institutions
Title 22 › CHAPTER 62 — INTERNATIONAL FINANCIAL POLICY › SUBCHAPTER IV — FINANCIAL REPORTS › § 5352
Summary
Every four years, starting December 1, 1990, the Treasury Secretary, with other agencies, must report to Congress which foreign financial firms operate in the U.S., what services they offer, how much foreign countries deny fair treatment to U.S. banking and securities firms, and U.S. efforts to stop it, focusing on countries where this harms U.S. firms and reporting progress under section 5353.
Full Legal Text
Title 22, §5352
Foreign Relations and Intercourse, Source: USLM XML via OLRC
Not less frequently than every 4 years, beginning December 1, 1990, the Secretary of the Treasury, in conjunction with the Secretary of State, the Board of Governors of the Federal Reserve System, the Comptroller of the Currency, the Federal Deposit Insurance Corporation, the Securities and Exchange Commission, and the Department of Commerce, shall report to the Congress on (1) the foreign countries from which foreign financial services institutions have entered into the business of providing financial services in the United States, (2) the kinds of financial services which are being offered, (3) the extent to which foreign countries deny national treatment to United States banking organizations and securities companies, and (4) the efforts undertaken by the United States to eliminate such discrimination. The report shall focus on those countries in which there are significant denials of national treatment which impact United States financial firms. The report shall also describe the progress of discussions pursuant to section 5353 of this title.
Reference
Citations & Metadata
Citation
22 U.S.C. § 5352
Title 22, Foreign Relations and Intercourse
Last Updated
Aug 21, 2026
Release point: 119-102