(E) Conduct proactive outreach to allow 
industry to better prioritize efforts and utilize 
existing resources. 
SEC. 3. OFAC OUTREACH ASSESSMENT. 
(a) GAO STUDY.— 
(1) OUTREACH.—The Comptroller General of 
the United States shall, not later than 360 days 
after the date of the enactment of this section, carry 
out a study with respect to the quality and efficacy 
of outreach activities performed by OFAC in support 
of the mission of OFAC on or before the date of the 
enactment of this section. 
(2) STUDY REQUIREMENTS.— 
(A) IN GENERAL.—The Comptroller Gen-
eral of the United States shall, in carrying out 
paragraph (1), examine each of the following 
with respect to outreach activities performed by 
OFAC: 
(i) Goals and strategy. 
(ii) Audiences. 
(iii) Resources. 
(iv) Number and type of engagements 
with private sector entities. 
(v) Feedback capabilities. 
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(vi) Appropriate privacy and competi-
tive fairness measures for information re-
ceived from or shared with private sector 
entities. 
(vii) Compliance with the Federal Ad-
visory Committee Act, where required. 
(viii) How information obtained from 
outreach activities is used by OFAC to 
support the mission of OFAC. 
(ix) How, if at all, outreach activities 
help with enforcement functions. 
(B) SURVEY OF SIMILAR PROGRAMS.—In 
carrying out the study required under this sub-
section, the Comptroller General of the United 
States shall— 
(i) examine outreach programs admin-
istered by agencies with similar national 
security and regulatory missions, including 
outreach programs administered by similar 
agencies, including the Financial Crimes 
Enforcement Network; and 
(ii) identify best practices, similarities, 
and differences to inform the evaluation of 
existing OFAC outreach programs. 
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(b) BRIEFING.—OFAC shall, not later than 60 days 
after the date on which the Comptroller General of the 
United States submits a study pursuant to subsection (a), 
and after considering the results of such study, submit to 
the Committee on Financial Services of the House of Rep-
resentatives and the Committee on Banking, Housing, and 
Urban Affairs on the Senate a briefing that describes how 
OFAC will improve its outreach activities going forward, 
including, at the time of such briefing, in relation to 
OFAC outreach activities, how OFAC— 
(1) provides information to those who must 
comply with OFAC sanctions, especially those in 
communities and industries that are known to be 
targeted by bad actors designated by sanctions; 
(2) uses outreach activities to support to the 
important mission of OFAC, with minimal redirec-
tion of staff and resources; 
(3) ensures that the selection of private-sector 
participants for outreach activities is free from fa-
voritism; 
(4) ensures that private-sector information ob-
tained by OFAC during outreach activities is appro-
priately safeguarded; 
(5) ensures that information shared at outreach 
functions can be publicized in a manner that does 
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not competitively disadvantage those not selected to 
participate in such outreach functions; 
(6) applies Federal requirements with respect to 
all outreach activities, including Federal Advisory 
Committee Act requirements; 
(7) ensures that private-sector participants not 
use outreach activities as an opportunity to pitch 
products or services or receive advance information 
about OFAC or Department of the Treasury pro-
curement opportunities; and 
(8) maintains compliance with OFAC ethics re-
quirements. 
(c) FEASIBILITY OF VOLUNTARY EXCHANGE PRO-
GRAM.—OFAC shall, after reviewing the report produced 
by the Comptroller General of the United States pursuant 
to subsection (a) and submitting the briefing required 
under subsection (b), access the feasibility of the establish-
ment of a program by OFAC designed to— 
(1) facilitate a voluntary public-private informa-
tion sharing partnership among law enforcement 
agencies, national security agencies, financial institu-
tions, and OFAC to effectively and efficiently admin-
ister and enforce economic sanctions against tar-
geted foreign countries and regimes, terrorists, inter-
national narcotics traffickers, those engaged in ac-
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tivities related to the proliferation of weapons of 
mass destruction, and other threats to the national 
security, foreign policy, or economy of the United 
States by promoting innovation and technical ad-
vances in reporting; 
(2) protect the financial system from illicit use, 
including evasions of existing economic sanctions 
programs; and 
(3) facilitate two-way information exchange be-
tween OFAC and persons who are required to com-
ply with sanctions administered and enforced by 
OFAC, including financial institutions, business sec-
tors frequently affected by sanctions programs, and 
non-government organizations and humanitarian 
groups impacted by such sanctions programs. 
(d) PILOT PROGRAM.— 
(1) IN GENERAL.—The Secretary of the Treas-
ury may, after considering the results of the study 
conducted by the Comptroller General of the United 
States pursuant to subsection (a), the briefing pro-
vided by OFAC pursuant to subsection (b), and the 
feasibility assessment conducted by OFAC pursuant 
to subsection (c), require OFAC to establish a 3- 
year pilot of a program designed to— 
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