II 

117TH CONGRESS 

1ST SESSION S. 3316 

To provide for certain whistleblower incentives and protections. 

IN THE SENATE OF THE UNITED STATES 

DECEMBER 6, 2021 

Mr. GRASSLEY (for himself and Mr. WARNOCK) introduced the following bill; 

which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs 

A BILL 

To provide for certain whistleblower incentives and 

protections. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. WHISTLEBLOWER INCENTIVES AND PROTEC4 TIONS. 

5 Section 5323 of title 31, United States Code, as 

6 amended by section 6314 of the Anti-Money Laundering 

7 Act of 2020 (division F of Public Law 116–283) is amend8 ed by striking subsection (b) and inserting the following: 

9 ‘‘(b) AWARDS.— 


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1 ‘‘(1) IN GENERAL.—In any covered judicial or 

2 administrative action, or related action, the Sec3 retary, under regulations prescribed by the Sec4 retary, in consultation with the Attorney General 

5 and subject to subsection (c), shall pay an award or 

6 awards to 1 or more whistleblowers who voluntarily 

7 provided original information to the employer of the 

8 individual, the Secretary, or the Attorney General, 

9 as applicable, that led to the successful enforcement 

10 of the covered judicial or administrative action, or 

11 related action, in an aggregate amount equal to— 

12 ‘‘(A) not less than 10 percent, in total, of 

13 what has been collected of the monetary sanc14 tions imposed in the action or related actions; 

15 and 

16 ‘‘(B) not more than 30 percent, in total, of 

17 what has been collected of the monetary sanc18 tions imposed in the action or related actions. 

19 ‘‘(2) PAYMENT OF AWARDS.—Any amount paid 

20 under paragraph (1) shall be paid from the Fund es21 tablished under paragraph (3). 

22 ‘‘(3) SOURCE OF AWARDS.— 

23 ‘‘(A) IN GENERAL.—There shall be estab24 lished in the Treasury of the United States a 

25 revolving fund to be known as the Financial InVerDate Sep 11 2014 01:52 Dec 08, 2021 Jkt 029200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6201 E:\BILLS\S3316.IS S3316

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1 tegrity Fund (referred to in this subsection as 

2 the ‘Fund’). 

3 ‘‘(B) USE OF FUND.—The Fund shall be 

4 available to the Secretary, without further ap5 propriation or fiscal year limitations, only for 

6 the payment of awards to whistleblowers as pro7 vided in subsection (b). 

8 ‘‘(C) RESTRICTIONS ON USE OF FUND.— 

9 The Fund shall not be available to pay any per10 sonnel or administrative expenses. 

11 ‘‘(4) DEPOSITS AND CREDITS.— 

12 ‘‘(A) IN GENERAL.—There shall be depos13 ited into or credited to the Fund an amount 

14 equal to— 

15 ‘‘(i) any monetary sanction collected 

16 by the Secretary or Attorney General in 

17 any judicial or administrative action under 

18 this title unless the balance of the Fund at 

19 the time the monetary judgement is col20 lected exceeds $300,000,000; and 

21 ‘‘(ii) all income from investments 

22 made under paragraph (5). 

23 ‘‘(B) ADDITIONAL AMOUNTS.—If the 

24 amounts deposited into or credited to the Fund 

25 under subparagraph (A) are not sufficient to 


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1 satisfy an award made under this subsection, 

2 there shall be deposited into or credited to the 

3 Fund an amount equal to the unsatisfied por4 tion of the award from any monetary sanction 

5 collected by the Secretary of the Treasury or 

6 Attorney General in the covered judicial or ad7 ministrative action on which the award is based. 

8 ‘‘(5) INVESTMENTS.— 

9 ‘‘(A) AMOUNTS IN FUND MAY BE IN10 VESTED.—The Secretary of the Treasury may 

11 invest the portion of the Fund that is not re12 quired to meet the current needs of the Fund. 

13 ‘‘(B) ELIGIBLE INVESTMENTS.—Invest14 ments shall be made by the Secretary of the 

15 Treasury in obligations of the United States or 

16 obligations that are guaranteed as to principal 

17 and interest by the United States, with matu18 rities suitable to the needs of the Fund as de19 termined by the Secretary. 

20 ‘‘(C) INTEREST AND PROCEEDS CRED21 ITED.—The interest on, and the proceeds from 

22 the sale or redemption of, any obligations held 

23 in the Fund shall be credited to, and form a 

24 part of, the Fund.’’. 

Æ 


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