SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Enhancing Treasury’s 
Anti-Terror Tools Act’’. 
SEC. 2. EXAMINING THE DEPARTMENT OF THE TREASURY’S 
COUNTER-TERROR FINANCING ROLE IN EM-
BASSIES. 
Within 180 days of the enactment of this Act, the 
Secretary of the Treasury shall issue a report to the Com-
mittees on Financial Services and Foreign Affairs of the 
House of Representatives and the Committees on Bank-
ing, Housing, and Urban Affairs and Foreign Relations 
of the Senate containing— 
(1) a list of the United States embassies in 
which a full-time Department of the Treasury 
attache´ is stationed; 
(2) a list of the United States embassies at 
which a Department of the Treasury attache´ is as-
signed for temporary duty, the length of such as-
signments, and the reason why such assignments are 
not considered to be a permanent assignments; 
(3) how the Department of the Treasury’s in-
terests relating to anti-terror finance, money laun-
dering, and related illicit finance issues are handled 
at other embassies, including a discussion of the re-
porting structure by which such issues are brought 
to the direct attention of the ambassador;
(4) a description of the role the Department of 
the Treasury attache´s play in advancing America’s 
anti-terrorism financing interests; 
(5) a discussion of patterns, trends, or other 
issues identified by Department of the Treasury 
attache´s in the previous year concerning anti-terror 
finance, money laundering, and related illicit fi-
nance; 
(6) recommendations to improve coordination 
between the Department of the Treasury and foreign 
financial ministries of efforts to block the financing 
of terror, money laundering, and related illicit fi-
nance; and 
(7) a discussion of whether the Department of 
the Treasury’s interests relating to anti-terror fi-
nance, money laundering, or related illicit finance 
issues are thought to be under-represented in some 
embassies or regions. 
SEC. 
3. 
CLARIFYING 
REQUIREMENTS 
FOR 
RECORD-
KEEPING. 
(a) IN GENERAL.—Section 5326 of title 31, United 
States Code, is amended— 
(1) in the heading of such section, by striking 
‘‘coin and currency’’; 
(2) in subsection (a)—
(A) by striking ‘‘subtitle and’’ and insert-
ing ‘‘subtitle or to’’; and 
(B) in paragraph (1)(A), by striking 
‘‘United States coins or currency (or such other 
monetary instruments as the Secretary may de-
scribe in such order)’’ and inserting ‘‘funds (as 
the Secretary may describe in such order),’’; 
and 
(3) in subsection (b)— 
(A) in paragraph (1)(A), by striking ‘‘coins 
or currency (or monetary instruments)’’ and in-
serting ‘‘funds’’; and 
(B) in paragraph (2), by striking ‘‘coins or 
currency (or such other monetary instruments 
as the Secretary may describe in the regulation 
or order)’’ and inserting ‘‘funds (as the Sec-
retary may describe in the regulation or 
order)’’. 
(b) CLERICAL AMENDMENT.—The table of contents 
for chapter 53 of title 31, United States Code, is amended 
in the item relating to section 5326 by striking ‘‘coin and 
currency’’. 
SEC. 4. STUDY OF BUREAU STATUS. 
(a) STUDY.—The Secretary of the Treasury shall 
carry out a study on the advisability and implications of
transforming the Office of Terrorism and Financial Intel-
ligence into a standalone bureau of the Department of the 
Treasury, and the effects such a move would have on the 
Department of the Treasury’s efforts to stop money laun-
dering, the financing of terror, and related illicit finance. 
(b) REPORT.—Within 270 days of the date of the en-
actment of this Act, the Secretary of the Treasury shall 
issue a report to the Committee on Financial Services and 
the Permanent Select Committee on Intelligence of the 
House of Representatives and the Committee on Banking, 
Housing, and Urban Affairs and the Select Committee on 
Intelligence of the Senate containing all findings and de-
terminations made in carrying out the study required 
under subsection (a). 
SEC. 5. IMPROVING ANTI-TERROR FINANCE MONITORING 
OF FUNDS TRANSFERS. 
(a) STUDY.—To improve the Department of the 
Treasury’s ability to better track cross-border fund trans-
fers and identify potential financing of terror or other il-
licit finance, the Secretary of the Treasury shall carry out 
a study to assess— 
(1) the potential efficacy of requiring banking 
regulators to establish a pilot program to provide 
technical assistance to depository institutions and 
credit unions that wish to provide account services
to money services businesses serving individuals in 
Somalia; 
(2) whether such a pilot program could be a 
model for improving the ability of Americans to le-
gitimately send funds to their loved ones through 
transparent and easily monitored channels; and 
(3) the potential impact of allowing money serv-
ices businesses to share their State examinations 
with depository institutions and credit unions, or if 
another mechanism could be found to allow a similar 
exchange of information that would give such deposi-
tory institutions and credit unions a better under-
standing of whether an individual money services 
business is adequately meeting its anti-money laun-
dering and counter terror financing obligations to 
combat money laundering, the financing of terror, or 
related illicit finance. 
(b) REPORT.—Within 270 days of the date of the en-
actment of this Act, the Secretary of the Treasury shall 
issue a report to the Committees on Financial Services 
and Foreign Affairs of the House of Representatives and 
the Committees on Banking, Housing, and Urban Affairs 
and Foreign Relations of the Senate containing all find-
ings and determinations made in carrying out the study 
required under subsection (a).