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[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4768 Reported in House (RH)]

<DOC>

                                                 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]

_______________________________________________________________________

                                 A BILL

 
 To require the President to develop a national strategy to combat the 
financial networks of transnational organized criminals, 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 ``National Strategy for Combating the 
Financing of Transnational Criminal Organizations Act''.

SEC. 2. NATIONAL STRATEGY.

    (a) In General.--The President, acting through the Secretary of the 
Treasury, shall, in consultation with the Attorney General, the 
Secretary of State, the Secretary of Homeland Security, the Director of 
National Intelligence, the Secretary of Defense, the Director the 
Director of the Financial Crimes Enforcement Network, the Director of 
the United States Secret Service, the Director of the Federal Bureau of 
Investigation, the Administrator of the Drug Enforcement 
Administration, the Commissioner of Customs and Border Protection, the 
Director of the Office of National Drug Control Policy, and the Federal 
functional regulators, develop a national strategy to combat the 
financial networks of transnational organized criminals.
    (b) Transmittal to Congress.--
            (1) In general.--Not later than one year after the 
        enactment of this Act, the President shall submit to the 
        appropriate Congressional committees and make available to the 
        relevant government agencies as defined in subsection (a), a 
        comprehensive national strategy in accordance with subsection 
        (a).
            (2) Updates.--After the initial submission of the national 
        strategy under paragraph (1), the President shall, not less 
        often than every 2 years, update the national strategy and 
        submit the updated strategy to the appropriate Congressional 
        committees.
    (c) Separate Presentation of Classified Material.--Any part of the 
national strategy that involves information that is properly classified 
under criteria established by the President shall be submitted to 
Congress separately in a classified annex and, if requested by the 
chairman or ranking member of one of the appropriate Congressional 
committees, as a briefing at an appropriate level of security.

SEC. 3. CONTENTS OF NATIONAL STRATEGY.

    The national strategy described in section 2 shall contain the 
following:
            (1) Threats.--An identification and assessment of the most 
        significant current transnational organized crime threats posed 
        to the national security of the United States or to the U.S. 
        and international financial system, including drug and human 
        trafficking organizations, cyber criminals, kleptocrats, and 
        other relevant state and non-state entities, including those 
        threats identified in the President's ``Strategy to Combat 
        Transnational Organized Crime'' (published July 2011).
            (2) Illicit finance.--(A) An identification of individuals, 
        entities, and networks (including terrorist organizations, if 
        any) that provide financial support or financial facilitation 
        to transnational organized crime groups, and an assessment of 
        the scope and role of those providing financial support to 
        transnational organized crime groups.
            (B) An assessment of methods by which transnational 
        organized crime groups launder illicit proceeds, including 
        money laundering using real estate and other tangible goods 
        such as art and antiquities, trade-based money laundering, bulk 
        cash smuggling, exploitation of shell companies, and misuse of 
        digital currencies and other cyber technologies, as well as an 
        assessment of the risk to the financial system of the United 
        States of such methods.
            (3) Goals, objectives, priorities, and actions.--(A) A 
        comprehensive, research-based, quantifiable discussion of 
        short-term and long-term goals, objectives, priorities, and 
        actions, listed for each department and agency described under 
        section 2(a), for combating the financing of transnational 
        organized crime groups and their facilitators.
            (B) A description of how the strategy is integrated into, 
        and supports, the national security strategy, drug control 
        strategy, and counterterrorism strategy of the United States.
            (4) Reviews and proposed changes.--A review of current 
        efforts to combat the financing or financial facilitation of 
        transnational organized crime, including efforts to detect, 
        deter, disrupt, and prosecute transnational organized crime 
        groups and their supporters, and, if appropriate, proposed 
        changes to any law or regulation determined to be appropriate 
        to ensure that the United States pursues coordinated and 
        effective efforts within the jurisdiction of the United States, 
        including efforts or actions that are being taken or can be 
        taken by financial institutions, efforts in cooperation with 
        international partners of the United States, and efforts that 
        build partnerships and global capacity to combat transnational 
        organized crime.

SEC. 4. DEFINITIONS.

    In this Act:
            (1) Appropriate congressional committees.--The term 
        ``appropriate congressional committees'' means--
                    (A) the Committee on Financial Services, the 
                Committee on Foreign Affairs, the Committee on Armed 
                Services, the Committee on the Judiciary, the Committee 
                on Homeland Security, and the Permanent Select 
                Committee on Intelligence of the House of 
                Representatives; and
                    (B) the Committee on Banking, Housing, and Urban 
                Affairs, the Committee on Foreign Relations, the 
                Committee on Armed Services, the Committee on the 
                Judiciary, the Committee on Homeland Security and 
                Governmental Affairs, and the Select Committee on 
                Intelligence of the Senate.
            (2) Federal functional regulator.--The term ``Federal 
        functional regulator'' has the meaning given that term in 
        section 509 of the Gramm-Leach-Bliley Act (15 U.S.C. 6809).
            (3) Transnational organized crime.--The term 
        ``transnational organized crime'' refers to those self-
        perpetuating associations of individuals who operate 
        transnationally for the purpose of obtaining power, influence, 
        monetary or commercial gains, wholly or in part by illegal 
        means, while--
                    (A) protecting their activities through a pattern 
                of corruption or violence; or
                    (B) while protecting their illegal activities 
                through a transnational organizational structure and 
                the exploitation of transnational commerce or 
                communication mechanisms.
                                                 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 strategy to combat the 
financial networks of transnational organized criminals, and for other 
                               purposes.

_______________________________________________________________________

                           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
```