I 

114TH CONGRESS 

2D SESSION H. R. 5607 

To enhance the Department of the Treasury’s role in protecting national 

security, and for other purposes. 

IN THE HOUSE OF REPRESENTATIVES 

JUNE 28, 2016 

Mr. PITTENGER (for himself and Mr. LYNCH) introduced the following bill; 

which was referred to the Committee on Financial Services, and in addition to the Committees on Foreign Affairs, Ways and Means, Armed 

Services, and Intelligence (Permanent Select), 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 enhance the Department of the Treasury’s role in 

protecting national security, 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 ‘‘Enhancing Treasury’s 

5 Anti-Terror Tools Act’’. 


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1 SEC. 2. EXAMINING THE DEPARTMENT OF THE TREASURY’S 

2 COUNTER-TERROR FINANCING ROLE IN EM3 BASSIES. 

4 Within 180 days of the enactment of this Act, the 

5 Secretary of the Treasury shall issue a report to the Com6 mittee on Financial Services of the House of Representa7 tives and the Committee on Banking, Housing, and Urban 

8 Affairs of the Senate containing— 

9 (1) a list of the United States embassies in 

10 which a full-time Department of the Treasury 

11 attache ́ is stationed; 

12 (2) a list of the United States embassies at 

13 which a Department of the Treasury attache ́ is as14 signed for temporary duty, the length of such as15 signments, and the reason why such assignments are 

16 not considered to be a permanent assignments; 

17 (3) how the Department of the Treasury’s in18 terests relating to anti-terror finance, money laun19 dering, and related illicit finance issues are handled 

20 at other embassies, including a discussion of the re21 porting structure by which such issues are brought 

22 to the direct attention of the ambassador; 

23 (4) a description of the role the Department of 

24 the Treasury attache ́s play in advancing America’s 

25 anti-terrorism financing interests; 


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1 (5) a discussion of patterns, trends, or other 

2 issues identified by Department of the Treasury 

3 attache ́s in the previous year concerning anti-terror 

4 finance, money laundering, and related illicit fi5 nance; 

6 (6) recommendations to improve coordination 

7 between the Department of the Treasury and foreign 

8 financial ministries of efforts to block the financing 

9 of terror, money laundering, and related illicit fi10 nance; and 

11 (7) a discussion of whether the Department of 

12 the Treasury’s interests relating to anti-terror fi13 nance, money laundering, or related illicit finance 

14 issues are thought to be under-represented in some 

15 embassies or regions. 

16 SEC. 3. CLARIFYING REQUIREMENTS FOR RECORD17 KEEPING. 

18 (a) IN GENERAL.—Section 5326 of title 31, United 

19 States Code, is amended— 

20 (1) in the heading of such section, by striking 

21 ‘‘coin and currency’’; 

22 (2) in subsection (a)— 

23 (A) by striking ‘‘subtitle and’’ and insert24 ing ‘‘subtitle or to’’; and 


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1 (B) in paragraph (1)(A), by striking 

2 ‘‘United States coins or currency (or such other 

3 monetary instruments as the Secretary may de4 scribe in such order)’’ and inserting ‘‘funds (as 

5 the Secretary may describe in such order),’’; 

6 and 

7 (3) in subsection (b)— 

8 (A) in paragraph (1)(A), by striking ‘‘coins 

9 or currency (or monetary instruments)’’ and in10 serting ‘‘funds’’; and 

11 (B) in paragraph (2), by striking ‘‘coins or 

12 currency (or such other monetary instruments 

13 as the Secretary may describe in the regulation 

14 or order)’’ and inserting ‘‘funds (as the Sec15 retary may describe in the regulation or 

16 order)’’. 

17 (b) CLERICAL AMENDMENT.—The table of contents 

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

19 in the item relating to section 5326 by striking ‘‘coin and 

20 currency’’. 

21 SEC. 4. STUDY OF BUREAU STATUS. 

22 (a) STUDY.—The Secretary of the Treasury shall 

23 carry out a study on the advisability and implications of 

24 transforming the Office of Terrorism and Financial Intel25 ligence into a standalone bureau of the Department of the 


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1 Treasury, and the effects such a move would have on the 

2 Department of the Treasury’s efforts to stop money laun3 dering, the financing of terror, and related illicit finance. 

4 (b) REPORT.—Within 270 days of the date of the en5 actment of this Act, the Secretary of the Treasury shall 

6 issue a report to the Committee on Financial Services of 

7 the House of Representatives and the Committee on 

8 Banking, Housing, and Urban Affairs of the Senate con9 taining all findings and determinations made in carrying 

10 out the study required under subsection (a). 

11 SEC. 5. IMPROVING ANTI-TERROR FINANCE MONITORING 

12 OF FUNDS TRANSFERS. 

13 (a) STUDY.—To improve the Department of the 

14 Treasury’s ability to better track cross-border fund trans15 fers and identify potential financing of terror or other il16 licit finance, the Secretary of the Treasury shall carry out 

17 a study to assess— 

18 (1) the potential efficacy of requiring banking 

19 regulators to establish a pilot program to provide 

20 technical assistance to depository institutions and 

21 credit unions that wish to provide account services 

22 to money services businesses serving individuals in 

23 Somalia; 

24 (2) whether such a pilot program could be a 

25 model for improving the ability of Americans to leVerDate Sep 11 2014 20:47 Jul 05, 2016 Jkt 059200 PO 00000 Frm 00005 Fmt 6652 Sfmt 6201 E:\BILLS\H5607.IH H5607

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1 gitimately send funds to their loved ones through 

2 transparent and easily monitored channels; and 

3 (3) the potential impact of allowing money serv4 ices businesses to share their State examinations 

5 with depository institutions and credit unions, or if 

6 another mechanism could be found to allow a similar 

7 exchange of information that would give such deposi8 tory institutions and credit unions a better under9 standing of whether an individual money services 

10 business is adequately meeting its anti-money laun11 dering and counter terror financing obligations to 

12 combat money laundering, the financing of terror, or 

13 related illicit finance. 

14 (b) REPORT.—Within 270 days of the date of the en15 actment of this Act, the Secretary of the Treasury shall 

16 issue a report to the Committee on Financial Services of 

17 the House of Representatives and the Committee on 

18 Banking, Housing, and Urban Affairs of the Senate con19 taining all findings and determinations made in carrying 

20 out the study required under subsection (a). 

21 (c) MONEY SERVICES BUSINESS DEFINED.—For 

22 purposes of this section, the term ‘‘money services busi23 ness’’ has the meaning given that term under section 

24 1010.100 of title 31, Code of Federal Regulations. 


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1 SEC. 6. SENSE OF CONGRESS. 

2 It is the sense of the Congress that the Secretary of 

3 the Treasury, acting in the Secretary’s own capacity and 

4 through the Under Secretary for Terrorism and Financial 

5 Crimes, should work with finance ministry counterparts 

6 worldwide to spur the development within such ministries 

7 of entities similar to the Department of the Treasury’s 

8 Office of Intelligence and Analysis to more solidly inte9 grate the intelligence community with anti-money laun10 dering and counter-terrorist financing efforts. 

11 SEC. 7. UNIFIED ELECTRONIC STREAM. 

12 The Secretary of the Treasury shall, within 180 days 

13 of the date of the enactment of this Act, implement a pro14 gram to collect, assemble, maintain in an up-to-date form, 

15 and make available electronically to appropriate Federal 

16 departments and agencies, including the Financial Crimes 

17 Enforcement Network, the Bureau of Industry and Secu18 rity of the Department of the Commerce, the Census Bu19 reau, the U.S. Customs and Border Protection, the Drug 

20 Enforcement Administration, a unified stream of import 

21 and export data, including bills of lading, manifests, Elec22 tronic Data Interchange information tracking container 

23 movements, and similar currently collected information 

24 that would help such departments and agencies detect and 

25 prevent terrorist financing, money laundering, or other 

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1 prietary business information and other sensitive informa2 tion from unauthorized disclosure, in accordance with 

3 other Federal laws. 

4 SEC. 8. ADDING THE SECRETARY OF THE TREASURY TO 

5 THE NATIONAL SECURITY COUNCIL. 

6 Section 101(a) of the National Security Act of 1947 

7 (50 U.S.C. 3021(a)) is amended— 

8 (1) by redesignating paragraphs (5) and (6) as 

9 paragraphs (6) and (7), respectively; and 

10 (2) by inserting after paragraph (4) the fol11 lowing: 

12 ‘‘(5) the Secretary of the Treasury;’’. 

Æ 


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