I 

111TH CONGRESS 

1ST SESSION H. R. 3387 

To reiterate that the Secretary of the Treasury is required to submit a 

report on terrorism financing in accordance with the Intelligence Reform 

and Terrorism Prevention Act of 2004. 

IN THE HOUSE OF REPRESENTATIVES 

JULY 29, 2009 

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

was referred to the Committee on Financial Services, and in addition to 

the Select Committee on 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 reiterate that the Secretary of the Treasury is required 

to submit a report on terrorism financing in accordance 

with the Intelligence Reform and Terrorism Prevention 

Act of 2004. 

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 ‘‘Post-9/11 Terrorist 

5 Financing Review Act’’. 

mstockstill on DSKH9S0YB1PROD with BILLS

2 

•HR 3387 IH

1 SEC. 2. FINDINGS. 

2 Congress finds the following: 

3 (1) Terrorist groups require financing for ac4 tivities such as recruiting, training, and equipping 

5 operatives; planning operations; bribing corrupt offi6 cials; traveling; and securing false documents. 

7 (2) Following the terrorist attacks upon the 

8 United States on September 11, 2001, the Federal 

9 Government heightened its focus on combating ter10 rorist financing by freezing assets of terrorist fin11 anciers and support networks, prosecuting individ12 uals and entities for providing material support, and 

13 training and coordinating with foreign governments. 

14 (3) More than seven years after such terrorist 

15 attacks, media reports indicate that terrorist organi16 zations are evolving by becoming more decentralized, 

17 relying on less sophisticated means to move money 

18 and avoid official banking systems, using new tech19 nology to transfer money electronically, utilizing 

20 front organizations to circumvent sanctions, and 

21 using complex money laundering schemes to cover 

22 up terrorist financing activities. 

23 (4) Multiple departments and agencies of the 

24 Federal Government have jurisdiction over terrorist 

25 financing, including the Department of the Treas26 ury, the Department of Justice, the Department of 

mstockstill on DSKH9S0YB1PROD with BILLS

3 

•HR 3387 IH

1 Homeland Security, the Department of State, the 

2 Department of Defense, the Federal Bureau of In3 vestigation, and the Central Intelligence Agency. 

4 (5) Section 6303(a) of the Intelligence Reform 

5 and Terrorism Prevention Act of 2004 (Public Law 

6 108–458; 118 Stat. 375) required the President to 

7 submit to Congress a report evaluating and making 

8 recommendations on the current state of the efforts 

9 of the United States to curtail the international fi10 nancing of terrorism and coordinate the intelligence 

11 and agency operations within the Federal Govern12 ment. Such section further required the President to 

13 submit such report not later than 270 days after the 

14 date of enactment of that Act. As of July 2009, the 

15 report required by such section had yet to be sub16 mitted to Congress. 

17 SEC. 3. REITERATION OF REQUIREMENT TO SUBMIT RE18 PORT ON TERRORISM FINANCING. 

19 Not later than 180 days after the date of the enact20 ment of this Act, the President, acting through the Sec21 retary of the Treasury, shall submit to Congress the report 

22 required to be submitted under section 6303(a) of the In23 telligence Reform and Terrorism Prevention Act of 2004 

24 (Public Law 108–458; 118 Stat. 3750). 

Æ 

mstockstill on DSKH9S0YB1PROD with BILLS