II 

116TH CONGRESS 

1ST SESSION S. 582 

To ensure that the Financial Crimes Enforcement Network works with Tribal 

law enforcement agencies, protects against all forms of terrorism, and 

focuses on virtual currencies. 

IN THE SENATE OF THE UNITED STATES 

FEBRUARY 27, 2019 

Ms. CORTEZ MASTO (for herself, Mr. CASSIDY, Ms. SINEMA, and Mr. MORAN) 

introduced the following bill; which was read twice and referred to the 

Committee on Banking, Housing, and Urban Affairs 

A BILL 

To ensure that the Financial Crimes Enforcement Network 

works with Tribal law enforcement agencies, protects 

against all forms of terrorism, and focuses on virtual 

currencies. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘FinCEN Improvement 

5 Act of 2019’’. 

6 SEC. 2. FINDINGS. 

7 Congress finds the following: 


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1 (1) The mission of the Financial Crimes En2 forcement Network (referred to in this Act as 

3 ‘‘FinCEN’’) is to safeguard the financial system 

4 from illicit use, combat money laundering, and pro5 mote national security through the collection, anal6 ysis, and dissemination of financial intelligence and 

7 strategic use of financial authorities. 

8 (2) In its mission to safeguard the financial 

9 system from the abuses of financial crime, including 

10 terrorist financing, money laundering, and other il11 licit activity, the United States should prioritize 

12 working with partners in Federal, State, local, Trib13 al, and foreign law enforcement authorities. 

14 (3) The Federal Bureau of Investigation has 

15 stated that, since the terror attacks on September 

16 11, 2001, ‘‘The threat landscape has expanded con17 siderably, though it is important to note that the 

18 more traditional threat posed by al Qaeda and its af19 filiates is still present and active. The threat of do20 mestic terrorism also remains persistent overall, with 

21 actors crossing the line from First Amendment pro22 tected rights to committing crimes to further their 

23 political agenda.’’. 

24 (4) Although the use and trading of virtual cur25 rencies are legal practices, some terrorists and crimiVerDate Sep 11 2014 00:42 Mar 06, 2019 Jkt 089200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6201 E:\BILLS\S582.IS S582

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1 nals, including international criminal organizations, 

2 seek to exploit vulnerabilities in the global financial 

3 system and are increasingly using emerging payment 

4 methods such as virtual currencies to move illicit 

5 funds. 

6 (5) In carrying out its mission, FinCEN should 

7 prioritize all forms of terrorism and emerging meth8 ods of terrorism and illicit finance. 

9 SEC. 3. STRENGTHENING FINCEN. 

10 Section 310(b)(2) of title 31, United States Code, is 

11 amended— 

12 (1) in subparagraph (C)— 

13 (A) in clause (i), by inserting ‘‘Tribal,’’ 

14 after ‘‘local,’’; and 

15 (B) in clause (vi), by striking ‘‘inter16 national’’; 

17 (2) in subparagraph (E), by striking ‘‘local,’’ 

18 and inserting ‘‘local, Tribal,’’; 

19 (3) in subparagraph (F), by striking ‘‘Federal, 

20 State, local, and foreign law enforcement’’ and in21 serting ‘‘Federal, State, local, Tribal, and foreign 

22 law enforcement’’; and 


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1 (4) in subparagraph (H), by inserting ‘‘, includ2 ing matters involving emerging technologies or value 

3 that substitutes for currency’’ after ‘‘initiatives’’. 

Æ 


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