I 

116TH CONGRESS 

2D SESSION H. R. 8816 

To amend subchapter II of chapter 53 of title 31, United States Code, 

to require training for Bank Secrecy Act Federal examiners on antimoney laundering and countering the financing of terrorism, and for 

other purposes. 

IN THE HOUSE OF REPRESENTATIVES 

NOVEMBER 24, 2020 

Mr. MCADAMS (for himself and Mr. GONZALEZ of Ohio) introduced the following bill; which was referred to the Committee on Financial Services, 

and in addition to the Committee on Ways and Means, for a period to 

be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee 

concerned 

A BILL 

To amend subchapter II of chapter 53 of title 31, United 

States Code, to require training for Bank Secrecy Act 

Federal examiners on anti-money laundering and countering the financing of terrorism, and for other purposes. 

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 ‘‘Anti-Money Laun5 dering Training Improvement Act’’. 


jbell on DSKJLSW7X2PROD with BILLS
2 

•HR 8816 IH

1 SEC. 2. TRAINING FOR FEDERAL EXAMINERS. 

2 (a) IN GENERAL.—Subchapter II of chapter 53 of 

3 title 31, United States Code, is amended by adding at the 

4 end the following: 

5 ‘‘§ 5333 Training regarding anti-money laundering 

6 and countering the financing of terrorism 

7 ‘‘(a) TRAINING REQUIREMENT.—Each Federal ex8 aminer reviewing compliance with the Bank Secrecy Act 

9 shall attend appropriate annual training, as determined by 

10 the Secretary of the Treasury, relating to anti-money 

11 laundering activities and countering the financing of ter12 rorism. 

13 ‘‘(b) REQUIRED TOPICS.—The training described in 

14 subsection (a) shall address— 

15 ‘‘(1) risk profiles and warning signs that an ex16 aminer may encounter during examinations; 

17 ‘‘(2) financial crime patterns and trends; 

18 ‘‘(3) background on the risks anti-money laun19 dering programs and countering the financing of ter20 rorism programs seek to mitigate and the impor21 tance of these programs for law enforcement and na22 tional security agencies; and 

23 ‘‘(4) de-risking and the effect of de-risking on 

24 the provision of financial services. 

25 ‘‘(c) TRAINING MATERIALS AND STANDARDS.—The 

26 Secretary of the Treasury shall, in consultation with the 


jbell on DSKJLSW7X2PROD with BILLS
3 

•HR 8816 IH

1 Financial Institutions Examination Council, the Financial 

2 Crimes Enforcement Network, and Federal, State, Tribal, 

3 and local law enforcement agencies, establish appropriate 

4 training materials and standards for the training required 

5 by subsection (a). 

6 ‘‘(d) BANK SECRECY ACT DEFINED.—For the pur7 poses of this section, the term ‘Bank Secrecy Act’ 

8 means— 

9 ‘‘(1) section 21 of the Federal Deposit Insur10 ance Act (12 U.S.C. 1829b); 

11 ‘‘(2) chapter 2 of title I of Public Law 91–508 

12 (12 U.S.C. 1951 et seq.); and 

13 ‘‘(3) this subchapter.’’. 

14 (b) CLERICAL AMENDMENT.—The table of sections 

15 for chapter 53 of title 31, United States Code, is amended 

16 by adding after the item relating to section 5332 the fol17 lowing: 

‘‘5333. Training regarding anti-money laundering and countering the financing 

of terrorism.’’. 

18 SEC. 3. INTERAGENCY PERSONNEL ROTATION PROGRAM. 

19 (a) IN GENERAL.—The Secretary shall not later than 

20 180 days after the date of the enactment of this Act estab21 lish a personnel rotation program designed to promote 

22 greater effectiveness and efficiency in combating money 

23 laundering, the financing of terrorism, proliferation fiVerDate Sep 11 2014 21:59 Dec 07, 2020 Jkt 019200 PO 00000 Frm 00003 Fmt 6652 Sfmt 6201 E:\BILLS\H8816.IH H8816

jbell on DSKJLSW7X2PROD with BILLS
4 

•HR 8816 IH

1 nancing, serious tax fraud, trafficking, sanctions evasion, 

2 and other financial crimes. 

3 (b) PARTICIPATING AGENCIES.—The personnel rota4 tion program described in subsection (a) shall rotate per5 sonnel from— 

6 (1) any Federal functional regulator; 

7 (2) the Department of Justice; 

8 (3) the Federal Bureau of Investigation; 

9 (4) the Department of Homeland Security; 

10 (5) the Department of Defense; and 

11 (6) other Federal agencies as the Secretary of 

12 the Treasury determines necessary to further anti13 money laundering and countering the financing of 

14 terrorism efforts. 

15 (c) FEDERAL FUNCTIONAL REGULATOR DEFINED.— 

16 For the purposes of this section, the term ‘‘Federal func17 tional regulator’’— 

18 (1) has the meaning given the term in section 

19 509 of the Gramm-Leach-Bliley Act (15 U.S.C. 

20 6809); and 

21 (2) includes any Federal regulator that exam22 ines a financial institution for compliance with the 

23 Bank Secrecy Act. 

Æ 


jbell on DSKJLSW7X2PROD with BILLS