IB 
Union Calendar No. 415 
115TH CONGRESS 
2D SESSION 
H. R. 4768 
[Report No. 115–553] 
To require the President to develop a national strategy to combat the financial 
networks of transnational organized criminals, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
JANUARY 11, 2018 
Mr. KUSTOFF of Tennessee (for himself and Ms. SINEMA) introduced the 
following bill; which was referred to the Committee on Financial Services 
FEBRUARY 13, 2018 
Additional sponsors: Ms. TENNEY and Mr. MESSER 
FEBRUARY 13, 2018 
Reported with amendments, committed to the Committee of the Whole House 
on the State of the Union, and ordered to be printed 
[Omit the part struck through and insert the part printed in italic] 
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A BILL 
To require the President to develop a national strategy to 
combat the financial networks of transnational organized 
criminals, and for other purposes. 
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Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘National Strategy for 
Combating the Financing of Transnational Criminal Or-
ganizations Act’’. 
SEC. 2. NATIONAL STRATEGY. 
(a) IN GENERAL.—The President, acting through the 
Secretary of the Treasury, shall, in consultation with the 
Attorney General, the Secretary of State, the Secretary 
of Homeland Security, the Director of National Intel-
ligence, the Secretary of Defense, the Director the Director 
of the Financial Crimes Enforcement Network, the Director 
of the United States Secret Service, the Director of the Fed-
eral Bureau of Investigation, the Administrator of the 
Drug Enforcement Administration, the Commissioner of 
Customs and Border Protection, the Director of the Office 
of National Drug Control Policy, and the Federal func-
tional regulators, develop a national strategy to combat 
the financial networks of transnational organized crimi-
nals. 
(b) TRANSMITTAL TO CONGRESS.— 
(1) IN
GENERAL.—Not later than one year 
after the enactment of this Act, the President shall 
submit to the appropriate Congressional committees 
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and make available to the relevant government agen-
cies as defined in subsection (a), a comprehensive 
national strategy in accordance with subsection (a). 
(2) UPDATES.—After the initial submission of 
the national strategy under paragraph (1), the 
President shall, not less often than every 2 years, 
update the national strategy and submit the updated 
strategy to the appropriate Congressional commit-
tees. 
(c) SEPARATE PRESENTATION OF CLASSIFIED MA-
TERIAL.—Any part of the national strategy that involves 
information that is properly classified under criteria estab-
lished by the President shall be submitted to Congress sep-
arately in a classified annex and, if requested by the chair-
man or ranking member of one of the appropriate Con-
gressional committees, as a briefing at an appropriate level 
of security. 
SEC. 3. CONTENTS OF NATIONAL STRATEGY. 
The national strategy described in section 2 shall con-
tain the following: 
(1) THREATS.—An identification and assess-
ment of the most significant current transnational 
organized crime threats posed to the national secu-
rity of the United States or to the U.S. and inter-
national financial system, including drug and human 
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trafficking 
organizations, 
cyber 
criminals, 
kleptocrats, and other relevant state and non-state 
entities, including those threats identified in the 
President’s ‘‘Strategy to Combat Transnational Or-
ganized Crime’’ (published July 2011). 
(2) ILLICIT FINANCE.—(A) An identification of 
individuals, entities, and networks (including ter-
rorist organizations, if any) that provide financial 
support or financial facilitation to transnational or-
ganized crime groups, and an assessment of the 
scope and role of those providing financial support 
to transnational organized crime groups. 
(B) An assessment of methods by which 
transnational organized crime groups launder illicit 
proceeds, including money laundering using real es-
tate and other tangible goods such as art and antiq-
uities, trade-based money laundering, bulk cash 
smuggling, exploitation of shell companies, and mis-
use of digital currencies and other cyber tech-
nologies, as well as an assessment of the risk to the 
financial system of the United States of such meth-
ods. 
(3) GOALS, OBJECTIVES, PRIORITIES, AND AC-
TIONS.—(A) A comprehensive, research-based, quan-
tifiable discussion of short-term and long-term goals, 
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objectives, priorities, and actions, listed for each de-
partment and agency described under section 2(a), 
for combating the financing of transnational orga-
nized crime groups and their facilitators. 
(B) A description of how the strategy is inte-
grated into, and supports, the national security 
strategy, drug control strategy, and counterterrorism 
strategy of the United States. 
(4) REVIEWS AND PROPOSED CHANGES.—A re-
view of current efforts to combat the financing or fi-
nancial facilitation of transnational organized crime, 
including efforts to detect, deter, disrupt, and pros-
ecute transnational organized crime groups and their 
supporters, and, if appropriate, proposed changes to 
any law or regulation determined to be appropriate 
to ensure that the United States pursues coordi-
nated and effective efforts within the jurisdiction of 
the United States, including efforts or actions that 
are being taken or can be taken by financial institu-
tions, efforts in cooperation with international part-
ners of the United States, and efforts that build 
partnerships 
and 
global 
capacity 
to 
combat 
transnational organized crime. 
SEC. 4. DEFINITIONS. 
In this Act: 
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(1) APPROPRIATE
CONGRESSIONAL
COMMIT-
TEES.—The term ‘‘appropriate congressional com-
mittees’’ means— 
(A) the Committee on Financial Services, 
the Committee on Foreign Affairs, the Com-
mittee on Armed Services, the Committee on 
the Judiciary, the Committee on Homeland Se-
curity, and the Permanent Select Committee on 
Intelligence of the House of Representatives; 
and 
(B) the Committee on Banking, Housing, 
and Urban Affairs, the Committee on Foreign 
Relations, the Committee on Armed Services, 
the Committee on the Judiciary, the Committee 
on Homeland Security and Governmental Af-
fairs, and the Select Committee on Intelligence 
of the Senate. 
(2) FEDERAL FUNCTIONAL REGULATOR.—The 
term ‘‘Federal functional regulator’’ has the mean-
ing given that term in section 509 of the Gramm- 
Leach-Bliley Act (15 U.S.C. 6809). 
(3) TRANSNATIONAL ORGANIZED CRIME.—The 
term ‘‘transnational organized crime’’ refers to those 
self-perpetuating associations of individuals who op-
erate transnationally for the purpose of obtaining 
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power, influence, monetary or commercial gains, 
wholly or in part by illegal means, while— 
(A) protecting their activities through a 
pattern of corruption or violence; or 
(B) while protecting their illegal activities 
through a transnational organizational struc-
ture and the exploitation of transnational com-
merce or communication mechanisms. 
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Union Calendar No. 415 
115TH CONGRESS 
2D SESSION 
H. R. 4768 
[Report No. 115–553] 
A BILL 
To require the President to develop a national 
strategy to combat the financial networks of 
transnational organized criminals, and for other 
purposes. 
FEBRUARY 13, 2018 
Reported with amendments, committed to the Committee 
of the Whole House on the State of the Union, and or-
dered to be printed 
VerDate Sep 11 2014 
00:18 Feb 14, 2018
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