Combating Terrorist and Other Illicit Financing Act
This bill revises provisions related to the National Strategy for Combating Terrorist and Other Illicit Financing developed by the Department of the Treasury. Currently, the strategy must be published through 2022. The bill requires the strategy to be published in 2024 and 2026. The bill also revises how Treasury evaluates existing efforts as part of the strategy.
Additionally, tribal and territorial entities must be (1) eligible for grant programs to combat financial crime, and (2) included in efforts to combat illicit finance.
[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[H.R. 6388 Introduced in House (IH)]
<DOC>
117th CONGRESS
2d Session
H. R. 6388
To make updates to the National Strategy for Combating Terrorist and
Other Illicit Financing, and for other purposes.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
January 12, 2022
Mr. San Nicolas introduced the following bill; which was referred to
the Committee on Financial Services
_______________________________________________________________________
A BILL
To make updates to the National Strategy for Combating Terrorist and
Other Illicit Financing, and for other purposes.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Combating Terrorist and Other
Illicit Financing Act''.
SEC. 2. INCLUDING OF TRIBAL GOVERNMENTS AND TERRITORIES IN THE HIGH-
RISK MONEY LAUNDERING AND RELATED FINANCIAL CRIME AREAS.
(a) Findings.--The Congress finds the following:
(1) According to the Department of Justice, human
trafficking is ``a crime that involves exploiting a person for
labor, services, or commercial sex'', a global illicit trade
that is estimated by Global Financial Integrity to be valued at
more than $150.2 billion each year.
(2) Polaris, the non-governmental organization which runs
the United States National Human Trafficking Hotline, has found
that while human trafficking is a nationwide problem, the
majority of domestic human trafficking victims are ``people who
have historically faced discrimination and its political,
social and economic consequences: people of color, indigenous
communities, immigrants and people who identify as LGBTQ+''.
(3) For this reason, it is important that law enforcement
representing native communities and territories are part of the
national dialogue about countering human trafficking.
(4) The High Intensity Financial Crime Areas program, which
is intended to concentrate law enforcement efforts at the
Federal, State, and local level to combat money laundering in
designated high-intensity money laundering zones, considers
human trafficking among other financial crime issues and
actors.
(5) In each High Intensity Financial Crime Area, a money-
laundering action team, comprised of relevant Federal, State,
and local enforcement authorities, prosecutors, and financial
regulators, works together to coordinate Federal, State, and
local anti-money laundering effort.
(6) The High Intensity Financial Crime Area program does
not currently mandate the inclusion of law enforcement and
other agencies from Tribes and territories.
(7) Further, the National Strategy for Combating Terrorist
and Other Illicit Financing, a valuable report which is
scheduled to sunset in January 2022, does not currently mandate
the inclusion of law enforcement and other agencies from Tribes
and Territories.
(b) National Strategy for Combating Terrorist and Other Illicit
Financing.--The Countering Russian Influence in Europe and Eurasia Act
of 2017 (22 U.S.C. 9501 et seq.) is amended--
(1) in section 261(b)(2)--
(A) by striking ``2020'' and inserting ``2024'';
and
(B) by striking ``2022'' and inserting ``2026'';
and
(2) in section 262--
(A) in paragraph (1)--
(i) by striking ``in the documents entitled
`2015 National Money Laundering Risk
Assessment' and `2015 National Terrorist
Financing Risk Assessment','' and inserting
``in the documents entitled `2020 National
Strategy for Combating Terrorist and Other
Illicit Financing' and `2022 National Strategy
for Combating Terrorist and Other Illicit
Financing'''; and
(ii) by striking ``the broader counter
terrorism strategy of the United States'' and
inserting ``the broader counter terrorism and
national security strategies of the United
States'';
(B) in paragraph (6)--
(i) by striking ``Prevention of illicit
finance'' and inserting ``prevention,
detection, and defeat of illicit finance'';
(ii) by striking ``private financial
sector'' and inserting ``private sector,
including financial and other relevant
industries,''; and
(iii) by striking ``with regard to the
prevention and detection of illicit finance''
and inserting ``with regard to the prevention,
detection, and defeat of illicit finance'';
(C) in paragraph (7)--
(i) by striking ``Federal, State, and local
officials'' and inserting ``Federal, State,
local, Tribal, and Territory officials''; and
(ii) by inserting after ``State and local
prosecutors,'' the following: ``Tribal and
Territorial law enforcement''; and
(D) in paragraph (8), by striking ``so-called''.
(c) Law Enforcement and Other Agencies From Tribes and
Territories.--Section 5342 of title 31, United States Code is amended--
(1) in subsection (a)(1)(B), by striking ``local, State,
national,'' and inserting ``local, State, national, Tribal,
Territorial,'';
(2) in subsection (a)(2)(A), by striking ``with State'' and
inserting ``with State, Tribal, Territorial,'';
(3) in subsection (c)(3), by striking ``any State or local
official or prosecutor'' and inserting ``any State, local,
Tribe, or Territory official or prosecutor''; and
(4) in subsection (d), by striking ``State and local
governments and State and local law enforcement agencies'' and
inserting ``State, local, Tribal, and Territorial governments
and State, local, Tribal, and Territorial agencies''.
(d) Financial Crime-Free Communities Support Program.--
(1) In general.--Section 5351 of title 31, United States
Code, is amended by striking ``to support local law enforcement
efforts'' and inserting ``to support local, Tribal, and
Territorial law enforcement efforts''.
(2) Program authorization.--Section 5352 of title 31,
United States Code, is amended--
(A) in subsection (a), by striking ``State or
local'' in each place it occurs and inserting ``State,
local, Tribal, or Territorial''; and
(B) in subsection (c)--
(i) by striking ``State or local'' and
inserting ``State, local, Tribal, or
Territorial''; and
(ii) in paragraph (1), by striking ``State
law'' and inserting ``State, Tribal, or
Territorial law''.
(3) Information collection and dissemination.--Section
5353(b)(3)(A) of title 31, United States Code, is amended by
striking ``State local law enforcement agencies'' and inserting
``State, local, Tribal, and Territorial law enforcement
agencies''.
(4) Grants for fighting money laundering and related
financial crimes.--Section 5354 of title 31, United States
Code, is amended--
(A) by striking ``State or local law enforcement''
and inserting ``State, local, Tribal, or Territorial
law enforcement'';
(B) by striking ``State and local law enforcement''
and inserting ``State, local, Tribal, and Territorial
law enforcement''; and
(C) by striking ``Federal, State, and local
cooperative law enforcement'' and inserting ``Federal,
State, local, Tribal, and Territorial cooperative law
enforcement''.
<all>
Introduced in House
Introduced in House
Referred to the House Committee on Financial Services.
Llama 3.2 · runs locally in your browser
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line