‘‘(f) SMALL BUSINESS EXEMPTION.—The Secretary 
of the Treasury shall prescribe regulations establishing, on 
the basis of such criteria as the Secretary determines to 
be appropriate, a threshold point under which small stored 
value device businesses will not be required to register 
under this section.’’. 
(b) CLERICAL AMENDMENT.—The table of sections 
for chapter 53 of title 31, United States Code, is amended 
by inserting after the item relating to section 5330 the 
following new item: 
‘‘5330A. Registration of stored value device businesses.’’. 
SEC. 4. STORED VALUE DEVICE STUDY. 
(a) IN GENERAL.—The Secretary of the Treasury, in 
consultation with the Attorney General, the Secretary of 
Homeland Security, and the Director of National Intel-
ligence, shall carry out a study on stored value devices. 
Such study shall include— 
(1) an analysis of the extent to which stored 
value devices are used for the purpose of pro-
viding— 
(A) payments related to drug trafficking; 
(B) payments related to human trafficking; 
or 
(C) financial support to terror cells oper-
ating within the United States; 
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(2) an analysis of the extent to which stored 
value devices issued by foreign entities are being uti-
lized in the United States, including the typical 
countries of origin of such devices and the typical 
values of such devices when imported into the 
United States; 
(3) an analysis of the extent to which stored 
value devices issued by United States entities are 
being utilized outside the United States, including 
the typical locations where value is added to such 
device and where value is typically subtracted inter-
nationally; 
(4) an identification of any trends in stored 
value addition and subtraction that appear to be as-
sociated with drug trafficking or human trafficking; 
(5) a list of stored value device types which are 
now or may soon be used for money trafficking; 
(6) recommendations on methods to collect data 
related to stored value device transactions for pur-
poses of law enforcement and intelligence analysis in 
a manner consistent with the Foreign Intelligence 
Surveillance Act and privacy laws; and 
(7) an analysis of whether requiring certain in-
formation to be printed, or otherwise made available, 
on stored value devices would help customs and law 
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enforcement officers identify such devices and track 
the origins of such devices, where such information 
could include the name and address of the device 
issuer, the maximum value of funds that can be 
stored on such device, and the fact that the device 
is a stored value device. 
(b) REPORT.—Not later than the end of the 180-day 
period beginning on the date of the enactment of this Act, 
the Secretary of the Treasury shall submit a report to the 
Congress containing all findings and determinations made 
in carrying out the study required under subsection (a). 
(c) STORED VALUE DEVICE DEFINED.—For pur-
poses of this section, the term ‘‘stored value device’’ shall 
have the meaning given such term under section 
5312(a)(7) of title 31, United States Code. 
Æ 
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