IIB 

116TH CONGRESS 

1ST SESSION H. R. 1414 

IN THE SENATE OF THE UNITED STATES 

MARCH 12, 2019 

Received; read twice and referred to the Committee on Banking, Housing, and 

Urban Affairs 

AN ACT 

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, 


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HR 1414 RFS

1 SECTION 1. SHORT TITLE. 

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

3 Act of 2019’’. 

4 SEC. 2. FINDINGS. 

5 The Congress finds the following: 

6 (1) The mission of the Financial Crimes En7 forcement Network (FinCEN) is to safeguard the fi8 nancial system from illicit use and combat money 

9 laundering and promote national security through 

10 the collection, analysis, and dissemination of finan11 cial intelligence and strategic use of financial au12 thorities. 

13 (2) In its mission to safeguard the financial 

14 system from the abuses of financial crime, including 

15 terrorist financing, money laundering and other il16 licit activity, the United States should prioritize 

17 working with partners in Federal, State, local, Trib18 al, and foreign law enforcement authorities. 

19 (3) The Federal Bureau of Investigation has 

20 stated that since the terror attacks on September 

21 11, 2001, ‘‘The threat landscape has expanded con22 siderably, though it is important to note that the 

23 more traditional threat posed by al Qaeda and its af24 filiates is still present and active. The threat of do25 mestic terrorism also remains persistent overall, with 

26 actors crossing the line from First Amendment proVerDate Sep 11 2014 00:27 Mar 13, 2019 Jkt 089200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6201 E:\BILLS\H1414.RFS H1414

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HR 1414 RFS

1 tected rights to committing crimes to further their 

2 political agenda.’’. 

3 (4) Although the use and trading of virtual cur4 rencies are legal practices, some terrorists and crimi5 nals, including international criminal organizations, 

6 seek to exploit vulnerabilities in the global financial 

7 system and are increasingly using emerging payment 

8 methods such as virtual currencies to move illicit 

9 funds. 

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

11 prioritize all forms of terrorism and emerging meth12 ods of terrorism and illicit finance. 

13 SEC. 3. STRENGTHENING FINCEN. 

14 Section 310 of title 31, United States Code, is 

15 amended— 

16 (1) in paragraph (C)— 

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

18 Federal, State, local, and foreign law enforce19 ment agencies’’ and inserting ‘‘appropriate Fed20 eral, State, local, Tribal, and foreign law en21 forcement agencies’’; and 

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

23 against international terrorism’’ and inserting 

24 ‘‘to protect against terrorism’’; 


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

2 Federal, State, local, and foreign law enforcement 

3 authorities’’ and inserting ‘‘appropriate Federal, 

4 State, local, Tribal, and foreign law enforcement au5 thorities’’; 

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

7 State, local, and foreign law enforcement’’ and in8 serting ‘‘Federal, State, local, Tribal, and foreign 

9 law enforcement’’; and 

10 (4) in paragraph (H), by striking ‘‘anti-ter11 rorism and anti-money laundering initiatives, and 

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

13 anti-money laundering initiatives, including matters 

14 involving emerging technologies or value that sub15 stitutes for currency, and similar efforts’’. 

Passed the House of Representatives March 11, 

2019. 

Attest: CHERYL L. JOHNSON, 

Clerk. 


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