I 
115TH CONGRESS 
2D SESSION 
H. R. 6853 
To amend title 31, United States Code, with respect to sharing of suspicious 
activity reports within a financial group, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
SEPTEMBER 20, 2018 
Mr. HILL introduced the following bill; which was referred to the Committee 
on Financial Services 
A BILL 
To amend title 31, United States Code, with respect to 
sharing of suspicious activity reports within a financial 
group, and for other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHARING OF SUSPICIOUS ACTIVITY REPORTS 
WITHIN A FINANCIAL GROUP. 
(a) IN GENERAL.— 
(1) SHARING WITH FOREIGN BRANCHES AND 
AFFILIATES.—Section 5318(g) of title 31, United 
States Code, is amended by adding at the end the 
following: 
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‘‘(5) SHARING WITH FOREIGN BRANCHES, SUB-
SIDIARIES, AND AFFILIATES.— 
‘‘(A) IN
GENERAL.—Not later than 180 
days after the date of the enactment of this 
paragraph, the Secretary of the Treasury shall 
issue rules permitting any financial institution 
with a reporting obligation under this sub-
section to share information on reports under 
this subsection with the institution’s foreign 
branches, subsidiaries, and affiliates for the 
purposes of combating illicit finance risks, not-
withstanding any other provision of law except 
subparagraph (B). 
‘‘(B) EXCEPTION.—In issuing the regula-
tions required under subparagraph (A), the 
Secretary may not permit a financial institution 
to share information on reports under this sub-
section with a foreign branch, subsidiary, or af-
filiate located in a jurisdiction that— 
‘‘(i) is subject to countermeasures im-
posed by the Federal Government; or 
‘‘(ii) the Secretary has determined 
cannot reasonably protect the privacy and 
confidentiality of such information.’’. 
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(2) 
NOTIFICATION
PROHIBITIONS.—Section 
5318(g)(2)(A) of title 31, United States Code, is 
amended— 
(A) in clause (i), by inserting after ‘‘trans-
action has been reported’’ the following: ‘‘or 
otherwise reveal any information that would re-
veal that the transaction has been reported, in-
cluding materials prepared or used by the fi-
nancial institution for the purpose of identifying 
and detecting potentially suspicious activity’’; 
and 
(B) in clause (ii), by inserting after ‘‘trans-
action has been reported,’’ the following: ‘‘or 
otherwise reveal any information that would re-
veal that the transaction has been reported, in-
cluding materials prepared or used by the fi-
nancial institution for the purpose of identifying 
and detecting potentially suspicious activity,’’. 
(b) RULEMAKING.—Not later than the end of the 
180-day period beginning on the date of enactment of this 
Act, the Secretary of the Treasury shall issue regulations 
to carry out the amendments made by this section. 
Æ 
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