I 

116TH CONGRESS 

1ST SESSION H. R. 1414 

To amend the duties of the Financial Crimes Enforcement Network (FinCEN) 

to ensure FinCEN works with Tribal law enforcement agencies, protects 

against all forms of terrorism, and focuses on virtual currencies. 

IN THE HOUSE OF REPRESENTATIVES 

FEBRUARY 27, 2019 

Ms. WEXTON (for herself and Mr. RIGGLEMAN) introduced the following bill; 

which was referred to the Committee on Financial Services 

A BILL 

To amend the duties of the Financial Crimes Enforcement 

Network (FinCEN) to ensure FinCEN 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 The Congress finds the following: 


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1 (1) The mission of the Financial Crimes En2 forcement Network (FinCEN) is to safeguard the fi3 nancial system from illicit use and combat money 

4 laundering and promote national security through 

5 the collection, analysis, and dissemination of finan6 cial intelligence and strategic use of financial au7 thorities. 

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 21:07 Mar 08, 2019 Jkt 089200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6201 E:\BILLS\H1414.IH H1414

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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 of title 31, United States Code, is 

11 amended— 

12 (1) in paragraph (C)— 

13 (A) in clause (i), by striking ‘‘appropriate 

14 Federal, State, local, and foreign law enforce15 ment agencies’’ and inserting ‘‘appropriate Fed16 eral, State, local, Tribal, and foreign law en17 forcement agencies’’; and 

18 (B) in clause (vi), by striking ‘‘to protect 

19 against international terrorism’’ and inserting 

20 ‘‘to protect against terrorism’’; 

21 (2) in paragraph (E), by striking ‘‘appropriate 

22 Federal, State, local, and foreign law enforcement 

23 authorities’’ and inserting ‘‘appropriate Federal, 

24 State, local, Tribal, and foreign law enforcement au25 thorities’’; 


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1 (3) in paragraph (F), by striking ‘‘Federal, 

2 State, local, and foreign law enforcement’’ and in3 serting ‘‘Federal, State, local, Tribal, and foreign 

4 law enforcement’’; and 

5 (4) in paragraph (H), by striking ‘‘anti-ter6 rorism and anti-money laundering initiatives, and 

7 similar efforts’’ and inserting ‘‘anti-terrorism and 

8 anti-money laundering initiatives, including matters 

9 involving emerging technologies or value that sub10 stitutes for currency, and similar efforts’’. 

Æ 


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