IIB 
114TH CONGRESS 
2D SESSION 
H. R. 5607 
IN THE SENATE OF THE UNITED STATES 
JULY 12, 2016 
Received; read twice and referred to the Committee on Banking, Housing, and 
Urban Affairs 
AN ACT 
To enhance the Department of the Treasury’s role in 
protecting national security, and for other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
VerDate Sep 11 2014 
02:34 Jul 13, 2016
Jkt 059200
PO 00000
Frm 00001
Fmt 6652
Sfmt 6201
E:\BILLS\H5607.RFS
H5607
emcdonald on DSK9F6TC42PROD with BILLS
HR 5607 RFS 
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; 
VerDate Sep 11 2014 
02:34 Jul 13, 2016
Jkt 059200
PO 00000
Frm 00002
Fmt 6652
Sfmt 6201
E:\BILLS\H5607.RFS
H5607
emcdonald on DSK9F6TC42PROD with BILLS
HR 5607 RFS 
(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)— 
VerDate Sep 11 2014 
02:34 Jul 13, 2016
Jkt 059200
PO 00000
Frm 00003
Fmt 6652
Sfmt 6201
E:\BILLS\H5607.RFS
H5607
emcdonald on DSK9F6TC42PROD with BILLS
HR 5607 RFS 
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 
VerDate Sep 11 2014 
02:34 Jul 13, 2016
Jkt 059200
PO 00000
Frm 00005
Fmt 6652
Sfmt 6201
E:\BILLS\H5607.RFS
H5607
emcdonald on DSK9F6TC42PROD with BILLS
HR 5607 RFS 
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). 
VerDate Sep 11 2014 
02:34 Jul 13, 2016
Jkt 059200
PO 00000
Frm 00006
Fmt 6652
Sfmt 6201
E:\BILLS\H5607.RFS
H5607
emcdonald on DSK9F6TC42PROD with BILLS
HR 5607 RFS 
(c) MONEY SERVICES BUSINESS DEFINED.—For 
purposes of this section, the term ‘‘money services busi-
ness’’ has the meaning given that term under section 
1010.100 of title 31, Code of Federal Regulations. 
SEC. 6. SENSE OF CONGRESS. 
It is the sense of the Congress that the Secretary of 
the Treasury, acting in the Secretary’s own capacity and 
through the Under Secretary for Terrorism and Financial 
Crimes, should work with finance ministry counterparts 
worldwide to spur the development within such ministries 
of entities similar to the Department of the Treasury’s 
Office of Intelligence and Analysis to more solidly inte-
grate the intelligence community with anti-money laun-
dering and counter-terrorist financing efforts. 
Passed the House of Representatives July 11, 2016. 
Attest: 
KAREN L. HAAS, 
Clerk. 
VerDate Sep 11 2014 
02:34 Jul 13, 2016
Jkt 059200
PO 00000
Frm 00007
Fmt 6652
Sfmt 6201
E:\BILLS\H5607.RFS
H5607
emcdonald on DSK9F6TC42PROD with BILLS