In the Senate of the United States, 
December 10 (legislative day, December 9), 2016. 
Resolved, That the bill from the House of Representa-
tives (H.R. 5602) entitled ‘‘An Act to amend title 31, United 
States Code, to authorize the Secretary of the Treasury to in-
clude all funds when issuing certain geographic targeting or-
ders, and for other purposes.’’, do pass with the following 
AMENDMENT: 
Strike all after the enacting clause and insert the 
following: 
TITLE 
I—ENHANCING 
ANTITERRORISM 
TOOLS 
OF 
THE DEPARTMENT OF THE 
TREASURY 
SEC. 101. INCLUSION OF ALL FUNDS. 
(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’’;
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(2) in subsection (a)— 
(A) by striking ‘‘subtitle and’’ and inserting 
‘‘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 Secretary 
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 cur-
rency’’. 
SEC. 102. IMPROVING ANTITERROR FINANCE MONITORING 
OF FUNDS TRANSFERS. 
(a) STUDY.—
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(1) IN GENERAL.—To improve the ability of the 
Department of the Treasury to better track cross-bor-
der fund transfers and identify potential financing of 
terrorist or other forms of illicit finance, the Sec-
retary shall carry out a study to assess— 
(A) the potential efficacy of requiring bank-
ing regulators to establish a pilot program to 
provide technical assistance to depository insti-
tutions and credit unions that wish to provide 
account services to money services businesses 
serving individuals in Somalia; 
(B) whether such a pilot program could be 
a model for improving the ability of United 
States persons to make legitimate funds transfers 
through transparent and easily monitored chan-
nels while preserving strict compliance with the 
Bank Secrecy Act (Public Law 91–508; 84 Stat. 
1114) and related controls aimed at stopping 
money laundering and the financing of ter-
rorism; and 
(C) consistent with current legal require-
ments regarding confidential supervisory infor-
mation, the potential impact of allowing money 
services businesses to share certain State exam-
ination information with depository institutions
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and credit unions, or whether another appro-
priate mechanism could be identified to allow a 
similar exchange of information to give the de-
pository institutions and credit unions a better 
understanding of whether an individual money 
services business is adequately meeting its anti- 
money laundering and counter-terror financing 
obligations to combat money laundering, the fi-
nancing of terror, or related illicit finance. 
(2) PUBLIC INPUT.—The Secretary should solicit 
and consider public input as appropriate in devel-
oping this study. 
(b) REPORT.—Not later than 270 days after the date 
of the enactment of this Act, the Secretary shall submit to 
the Committee on Financial Services and the Committee 
on Foreign Affairs of the House of Representatives and the 
Committee on Banking, Housing, and Urban Affairs and 
the Committee on Foreign Relations of the Senate a report 
that contains all findings and determinations made in car-
rying out the study required under subsection (a). 
SEC. 103. SENSE OF CONGRESS ON INTERNATIONAL CO-
OPERATION REGARDING TERRORIST FINANC-
ING INTELLIGENCE. 
It is the sense of the Congress that the Secretary, acting 
through the Under Secretary for Terrorism and Financial
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Crimes, should intensify work with foreign partners to help 
the foreign partners develop intelligence analytic capacities, 
in a finance ministry or other appropriate agency, that 
are— 
(1) commensurate to the threats faced by the for-
eign partner; and 
(2) designed to better integrate intelligence efforts 
with the anti-money laundering and counter-terrorist 
financing regimes of the foreign partner. 
SEC. 104. EXAMINING THE COUNTER-TERROR FINANCING 
ROLE OF THE DEPARTMENT OF THE TREAS-
URY IN EMBASSIES. 
Not later than 180 days after the enactment of this 
Act, the Secretary shall submit to the Committee on Finan-
cial Services and the Committee on Foreign Affairs of the 
House of Representatives and the Committee on Banking, 
Housing, and Urban Affairs and the Committee on Foreign 
Relations of the Senate a report that contains— 
(1) a list of the United States embassies in which 
a full-time Department of the Treasury financial 
attache´ is stationed and a description of how the in-
terests of the Department of the Treasury relating to 
terrorist financing and money laundering are ad-
dressed (via regional attache´s or otherwise) at US em-
bassies where no such attache´s are present;
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(2) a list of the United States embassies at which 
the Department of the Treasury has assigned a tech-
nical assistance advisor from the Office of Technical 
Assistance of the Department of the Treasury; 
(3) an overview of how Department of the Treas-
ury financial attache´s and technical assistance advi-
sors assist in efforts to counter illicit finance, to in-
clude money laundering, terrorist financing, and pro-
liferation financing; and 
(4) an overview of patterns, trends, or other 
issues identified by Department of the Treasury 
attache´s and whether resources are sufficient to ad-
dress these issues. 
TITLE II—NATIONAL STRATEGY 
FOR COMBATING TERRORIST 
AND OTHER ILLICIT FINANC-
ING 
SEC. 201. DEVELOPMENT OF NATIONAL STRATEGY. 
(a) IN GENERAL.—The President, acting through the 
Secretary shall, in consultation with the Attorney General, 
the Secretary of State, the Secretary of Homeland Security, 
the Director of National Intelligence, and the appropriate 
Federal banking agencies, develop a national strategy for 
combating the financing of terrorism and related forms of 
illicit finance.
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(b) TRANSMITTAL TO CONGRESS.— 
(1) IN GENERAL.—Not later than January 31, 
2018, the President shall submit to the appropriate 
congressional committees a comprehensive national 
strategy developed in accordance with subsection (a). 
(2) UPDATES.—Not later than January 31, 
2020, and January 31, 2022, the President shall sub-
mit to the appropriate congressional committees up-
dated versions of the national strategy submitted 
under paragraph (1). 
(c) SEPARATE PRESENTATION OF CLASSIFIED MATE-
RIAL.—Any part of the national strategy that involves in-
formation that is properly classified under criteria estab-
lished by the President shall be submitted to the Congress 
separately in a classified annex and, if requested by the 
chairman or ranking Member of one of the appropriate con-
gressional committees, as a briefing at an appropriate level 
of security. 
SEC. 202. CONTENTS. 
(a) IN GENERAL.—The strategy described in section 
201 shall contain the following: 
(1) EVALUATION OF EXISTING EFFORTS.—An as-
sessment of the effectiveness of and ways in which the 
United States is currently addressing the highest lev-
els of risk of various forms of illicit finance, including
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those identified in the documents entitled ‘‘2015 Na-
tional Money Laundering Risk Assessment’’ and 
‘‘2015 National Terrorist Financing Risk Assess-
ment’’, published by the Department of the Treasury 
and a description of how the strategy is integrated 
into, and supports, the broader counter terrorism 
strategy of the United States. 
(2) GOALS, OBJECTIVES, AND
PRIORITIES.—A 
comprehensive, research-based, long-range, quantifi-
able discussion of goals, objectives, and priorities for 
disrupting and preventing illicit finance activities 
within and transiting the financial system of the 
United States that outlines priorities to reduce the in-
cidence, dollar value, and effects of illicit finance. 
(3) THREATS.—An identification of the most sig-
nificant illicit finance threats to the financial system 
of the United States. 
(4) REVIEWS
AND
PROPOSED
CHANGES.—Re-
views of enforcement efforts, relevant regulations and 
relevant provisions of law and, if appropriate, discus-
sions of proposed changes determined to be appro-
priate to ensure that the United States pursues co-
ordinated and effective efforts at all levels of govern-
ment, and with international partners of the United 
States, in the fight against illicit finance.
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(5) 
DETECTION
AND
PROSECUTION
INITIA-
TIVES.—A description of efforts to improve detection 
and prosecution of illicit finance, including efforts to 
ensure that— 
(A) subject to legal restrictions, all appro-
priate data collected by the Federal Government 
that is relevant to the efforts described in this 
section be available in a timely fashion to— 
(i) all appropriate Federal depart-
ments and agencies; and 
(ii) as appropriate and consistent with 
section 314 of the International Money 
Laundering Abatement and Financial Anti- 
Terrorism Act of 2001 (31 U.S.C. 5311 
note), to financial institutions to assist the 
financial institutions in efforts to comply 
with laws aimed at curbing illicit finance; 
and 
(B) appropriate efforts are undertaken to 
ensure that Federal departments and agencies 
charged with reducing and preventing illicit fi-
nance make thorough use of publicly available 
data in furtherance of this effort. 
(6) THE ROLE OF THE PRIVATE FINANCIAL SEC-
TOR IN PREVENTION OF ILLICIT FINANCE.—A discus-
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sion of ways to enhance partnerships between the pri-
vate financial sector and Federal departments and 
agencies with regard to the prevention and detection 
of illicit finance, including— 
(A) efforts to facilitate compliance with 
laws aimed at stopping such illicit finance while 
maintaining the effectiveness of such efforts; and 
(B) providing guidance to strengthen inter-
nal controls and to adopt on an industry-wide 
basis more effective policies. 
(7) ENHANCEMENT OF INTERGOVERNMENTAL CO-
OPERATION.—A discussion of ways to combat illicit 
finance by enhancing— 
(A) cooperative efforts between and among 
Federal, State, and local officials, including 
State regulators, State and local prosecutors, and 
other law enforcement officials; 
(B) cooperative efforts with and between 
governments of countries and with and between 
multinational institutions, including the Finan-
cial Action Task Force, with expertise in fighting 
illicit finance. 
(8) TREND ANALYSIS OF EMERGING ILLICIT FI-
NANCE THREATS.—A discussion of and data regard-
ing trends in illicit finance, including evolving forms
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of value transfer such as so-called cryptocurrencies, 
other methods that are computer, telecommunications, 
or Internet-based, cyber crime, or any other threats 
that the Secretary may choose to identify. 
(9) BUDGET PRIORITIES.—A multiyear budget 
plan that identifies sufficient resources needed to suc-
cessfully execute the full range of missions called for 
in this section. 
(10) TECHNOLOGY
ENHANCEMENTS.—An anal-
ysis of current and developing ways to leverage tech-
nology to improve the effectiveness of efforts to stop 
the financing of terrorism and other forms of illicit 
finance, including better integration of open-source 
data. 
TITLE III—DEFINITIONS 
SEC. 301. DEFINITIONS. 
In this Act— 
(1) the term ‘‘appropriate congressional commit-
tees’’ means— 
(A) the Committee on Financial Services, 
the Committee on Foreign Affairs, the Committee 
on Armed Services, the Committee on the Judici-
ary, Committee on Homeland Security, and the 
Permanent Select Committee on Intelligence of 
the House of Representatives; and