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Union Calendar No. 415 

115TH CONGRESS 

2D SESSION H. R. 4768 

[Report No. 115–553] 

To require the President to develop a national strategy to combat the financial 

networks of transnational organized criminals, and for other purposes. 

IN THE HOUSE OF REPRESENTATIVES 

JANUARY 11, 2018 

Mr. KUSTOFF of Tennessee (for himself and Ms. SINEMA) introduced the 

following bill; which was referred to the Committee on Financial Services 

FEBRUARY 13, 2018 

Additional sponsors: Ms. TENNEY and Mr. MESSER

FEBRUARY 13, 2018 

Reported with amendments, committed to the Committee of the Whole House 

on the State of the Union, and ordered to be printed 

[Omit the part struck through and insert the part printed in italic] 


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•HR 4768 RH

A BILL 

To require the President to develop a national strategy to 

combat the financial networks of transnational organized 

criminals, and for other purposes. 


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•HR 4768 RH

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 ‘‘National Strategy for 

5 Combating the Financing of Transnational Criminal Or6 ganizations Act’’. 

7 SEC. 2. NATIONAL STRATEGY. 

8 (a) IN GENERAL.—The President, acting through the 

9 Secretary of the Treasury, shall, in consultation with the 

10 Attorney General, the Secretary of State, the Secretary 

11 of Homeland Security, the Director of National Intel12 ligence, the Secretary of Defense, the Director the Director 

13 of the Financial Crimes Enforcement Network, the Director 

14 of the United States Secret Service, the Director of the Fed15 eral Bureau of Investigation, the Administrator of the 

16 Drug Enforcement Administration, the Commissioner of 

17 Customs and Border Protection, the Director of the Office 

18 of National Drug Control Policy, and the Federal func19 tional regulators, develop a national strategy to combat 

20 the financial networks of transnational organized crimi21 nals. 

22 (b) TRANSMITTAL TO CONGRESS.— 

23 (1) IN GENERAL.—Not later than one year 

24 after the enactment of this Act, the President shall 

25 submit to the appropriate Congressional committees 


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1 and make available to the relevant government agen2 cies as defined in subsection (a), a comprehensive 

3 national strategy in accordance with subsection (a). 

4 (2) UPDATES.—After the initial submission of 

5 the national strategy under paragraph (1), the 

6 President shall, not less often than every 2 years, 

7 update the national strategy and submit the updated 

8 strategy to the appropriate Congressional commit9 tees. 

10 (c) SEPARATE PRESENTATION OF CLASSIFIED MA11 TERIAL.—Any part of the national strategy that involves 

12 information that is properly classified under criteria estab13 lished by the President shall be submitted to Congress sep14 arately in a classified annex and, if requested by the chair15 man or ranking member of one of the appropriate Con16 gressional committees, as a briefing at an appropriate level 

17 of security. 

18 SEC. 3. CONTENTS OF NATIONAL STRATEGY. 

19 The national strategy described in section 2 shall con20 tain the following: 

21 (1) THREATS.—An identification and assess22 ment of the most significant current transnational 

23 organized crime threats posed to the national secu24 rity of the United States or to the U.S. and inter25 national financial system, including drug and human 


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1 trafficking organizations, cyber criminals, 

2 kleptocrats, and other relevant state and non-state 

3 entities, including those threats identified in the 

4 President’s ‘‘Strategy to Combat Transnational Or5 ganized Crime’’ (published July 2011). 

6 (2) ILLICIT FINANCE.—(A) An identification of 

7 individuals, entities, and networks (including ter8 rorist organizations, if any) that provide financial 

9 support or financial facilitation to transnational or10 ganized crime groups, and an assessment of the 

11 scope and role of those providing financial support 

12 to transnational organized crime groups. 

13 (B) An assessment of methods by which 

14 transnational organized crime groups launder illicit 

15 proceeds, including money laundering using real es16 tate and other tangible goods such as art and antiq17 uities, trade-based money laundering, bulk cash 

18 smuggling, exploitation of shell companies, and mis19 use of digital currencies and other cyber tech20 nologies, as well as an assessment of the risk to the 

21 financial system of the United States of such meth22 ods. 

23 (3) GOALS, OBJECTIVES, PRIORITIES, AND AC24 TIONS.—(A) A comprehensive, research-based, quan25 tifiable discussion of short-term and long-term goals, 


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1 objectives, priorities, and actions, listed for each de2 partment and agency described under section 2(a), 

3 for combating the financing of transnational orga4 nized crime groups and their facilitators. 

5 (B) A description of how the strategy is inte6 grated into, and supports, the national security 

7 strategy, drug control strategy, and counterterrorism 

8 strategy of the United States. 

9 (4) REVIEWS AND PROPOSED CHANGES.—A re10 view of current efforts to combat the financing or fi11 nancial facilitation of transnational organized crime, 

12 including efforts to detect, deter, disrupt, and pros13 ecute transnational organized crime groups and their 

14 supporters, and, if appropriate, proposed changes to 

15 any law or regulation determined to be appropriate 

16 to ensure that the United States pursues coordi17 nated and effective efforts within the jurisdiction of 

18 the United States, including efforts or actions that 

19 are being taken or can be taken by financial institu20 tions, efforts in cooperation with international part21 ners of the United States, and efforts that build 

22 partnerships and global capacity to combat 

23 transnational organized crime. 

24 SEC. 4. DEFINITIONS. 

25 In this Act: 


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1 (1) APPROPRIATE CONGRESSIONAL COMMIT2 TEES.—The term ‘‘appropriate congressional com3 mittees’’ means— 

4 (A) the Committee on Financial Services, 

5 the Committee on Foreign Affairs, the Com6 mittee on Armed Services, the Committee on 

7 the Judiciary, the Committee on Homeland Se8 curity, and the Permanent Select Committee on 

9 Intelligence of the House of Representatives; 

10 and 

11 (B) the Committee on Banking, Housing, 

12 and Urban Affairs, the Committee on Foreign 

13 Relations, the Committee on Armed Services, 

14 the Committee on the Judiciary, the Committee 

15 on Homeland Security and Governmental Af16 fairs, and the Select Committee on Intelligence 

17 of the Senate. 

18 (2) FEDERAL FUNCTIONAL REGULATOR.—The 

19 term ‘‘Federal functional regulator’’ has the mean20 ing given that term in section 509 of the Gramm21 Leach-Bliley Act (15 U.S.C. 6809). 

22 (3) TRANSNATIONAL ORGANIZED CRIME.—The 

23 term ‘‘transnational organized crime’’ refers to those 

24 self-perpetuating associations of individuals who op25 erate transnationally for the purpose of obtaining 


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1 power, influence, monetary or commercial gains, 

2 wholly or in part by illegal means, while— 

3 (A) protecting their activities through a 

4 pattern of corruption or violence; or 

5 (B) while protecting their illegal activities 

6 through a transnational organizational struc7 ture and the exploitation of transnational com8 merce or communication mechanisms. 


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Union Calendar No. 415 

115TH CONGRESS 

2D SESSION H. R. 4768 

[Report No. 115–553] 

A BILL 

To require the President to develop a national 

purposes. transnational organized criminals, and for other strategy to combat the financial networks of 

FEBRUARY 13, 2018 

Reported with amendments, committed to the Committee 

dered to be printed of the Whole House on the State of the Union, and orVerDate Sep 11 2014 00:18 Feb 14, 2018 Jkt 079200 PO 00000 Frm 00010 Fmt 6651 Sfmt 6651 E:\BILLS\H4768.RH H4768

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