Weekly Roundup: U.S. Extends Patriot Act Subpoena Powers, FDIC Dings Three Banks for BSA Violations, and More

U.S. lawmakers approved a 4-year extension Thursday of three U.S. Patriot Act powers, including a provision allowing federal investigators to seize "tangible" records from banks and other companies in the course of terrorism investigations. The legislation, which was signed via autopen by President Obama, faced significant opposition in the Senate. Sen. Ron Wyden (D-OR) withdrew an amendment that would have required the government to clearly outline its legal interpretation of the controversial law after getting assurances that lawmakers would revisit the issue later. Sen. Rand Paul (R-KY) agreed to drop an amendment that would have limited law enforcement access to...