I
104TH CONGRESS
2D SESSION
H. R. 3007
To establish an interagency task force to design and implement a plan
for determining the extent to which United States currency is held
in foreign countries and estimating the extent to which such currency
is being counterfeited outside the United States, and for other purposes.
IN THE HOUSE OF REPRESENTATIVES
MARCH 5, 1996
Mr. BACHUS (for himself, Mr. LEACH, and Mr. SPRATT) introduced the fol-
lowing bill; which was referred to the Committee on Banking and Finan-
cial Services, and in addition to the Committee on the Judiciary, for a
period to be subsequently determined by the Speaker, in each case for
consideration of such provisions as fall within the jurisdiction of the com-
mittee concerned
A BILL
To establish an interagency task force to design and imple-
ment a plan for determining the extent to which United
States currency is held in foreign countries and estimat-
ing the extent to which such currency is being counter-
feited outside the United States, 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. SHORT TITLE.
This Act may be cited as the ‘‘International Counter-
feiting Prevention Act of 1996’’.
SEC. 2. INTERAGENCY TASK FORCE ON INTERNATIONAL
COUNTERFEITING OF UNITED STATES CUR-
RENCY.
(a) ESTABLISHMENT.—
(1) IN GENERAL.—The Secretary of the Treas-
ury, the Chairman of the Board of Governors of the
Federal Reserve System, and the Secretary of State
shall establish, and appoint the members of, an
interagency task force (hereafter in this Act referred
to as the ‘‘task force’’) to—
(A) monitor the use and holding of United
States currency in foreign countries;
(B) produce a statistically valid estimate of
the amount of counterfeit United States cur-
rency that is produced, passed, and possessed
outside the United States each year; and
(C) coordinate the activities of the agencies
represented on the task force in carrying out
the duties described in subparagraphs (A) and
(B).
(2) COMPOSITION OF TASK FORCE.—The task
force shall consist of the following:
(A) The Under Secretary of the Treasury
for Enforcement, or a designee of the Under
Secretary.
(B) The Director of the United States Se-
cret Service, or a designee of the Director.
(C) The Director of the Bureau of Engrav-
ing and Printing, or a designee of the Director.
(D) Such other officers of the Department
of the Treasury, including any officer in any
bureau, office, or service within the department,
as the Secretary of the Treasury may determine
to be appropriate, or any designee of any such
officer.
(E) A member of the Board of Governors
of the Federal Reserve System as designated by
the Chairman of such Board, or a designee of
such member.
(F) The general counsel of the Board of
Governors of the Federal Reserve System, or a
designee of the general counsel.
(G) Such other officers of the Board of
Governors of the Federal Reserve System as the
Chairman of such Board may determine to be
appropriate, or a designee of any such officer.
(H) Such officers of the Department of
State as the Secretary of State may determine
to be appropriate, or a designee of any such of-
ficer.
(3) REPRESENTATION
OF
OTHER
AGENCIES
AND DEPARTMENTS.—
(A) IN GENERAL.—The Secretary of the
Treasury, the Chairman of the Board of Gov-
ernors of the Federal Reserve System, and the
Secretary of State may include representatives
of any other agency or department of the Unit-
ed States on the task force, with the concur-
rence of the head of such agency or depart-
ment.
(B) APPOINTMENT OF MEMBERS OF TASK
FORCE.—The representative of any agency or
department referred to in subparagraph (A)
shall consist of—
(i) the head of such agency or depart-
ment, or a designee of such head; and
(ii) such other officers of such agency
or department as the head of such agency
or department may determine to be appro-
priate, or a designee of any such officer.
(4) CHAIRPERSON.—The Secretary of the
Treasury shall serve as the chairperson of the task
force.
(b) EVALUATION AUDIT PLAN.—
(1) IN GENERAL.—The task force shall estab-
lish an effective international evaluation audit plan
that is designed to enable the agencies represented
on the task force to carry out the duties described
in subparagraphs (A) and (B) of subsection (a)(1)
on a regular and thorough basis.
(2) SUBMISSION OF DETAILED WRITTEN SUM-
MARY.—The task force shall submit a detailed writ-
ten summary of the evaluation audit plan developed
pursuant to paragraph (1) to the Congress before
the end of the 6-month period beginning on the date
of the enactment of this Act.
(3) 1ST
EVALUATION
AUDIT
UNDER
PLAN.—
The task force shall begin the first evaluation audit
pursuant to the evaluation audit plan no later than
the end of the 1-year period beginning on the date
of the enactment of this Act.
(4) SUBSEQUENT
EVALUATION
AUDITS.—At
least 1 evaluation audit shall be performed pursuant
to the evaluation audit plan during each 2-year pe-
riod beginning after the date of the commencement
of the evaluation audit referred to in paragraph (3).
(c) REPORTS.—
(1) IN GENERAL.—The task force shall submit
a written report to the Committee on Banking and
Financial Services of the House of Representatives
and the Committee on Banking, Housing, and
Urban Affairs of the Senate on the results of each
evaluation audit conducted pursuant to subsection
(b) within 90 days after the completion of the eval-
uation audit.
(2) CONTENTS.—In addition to such other in-
formation as the task force may determine to be ap-
propriate, each report submitted to the Congress
pursuant to paragraph (1) shall include the follow-
ing information:
(A) A detailed description of the evaluation
audit process and the methods used to detect
counterfeit currency.
(B) The method used to determine the cur-
rency sample examined in connection with the
evaluation audit and an analysis of the statis-
tical significance of the sample examined.
(C) A list of the countries, types of finan-
cial institutions, and other entities included.
(D) The total amount of United States
currency and the total quantity of each denomi-
nation found at each type of evaluation audit
site.
(E) The total amount of counterfeit United
States currency and the total quantity of each
counterfeit denomination found at each type of
evaluation audit site.
(F) An analysis of the types of counterfeit
currency discovered and any recurring patterns
of counterfeiting, including currency that fits
the family of counterfeit currency designated by
the United States Secret Service as C—14342.
(3) CLASSIFICATION OF INFORMATION.—
(A) IN GENERAL.—To the greatest extent
possible, each report submitted to the Congress
under this subsection shall be submitted in an
unclassified form.
(B) 
CLASSIFIED
AND
UNCLASSIFIED
FORMS.—If, in the interest of submitting a
complete report under this subsection, the task
force determines that it is necessary to include
classified information in the report, the report
shall be submitted in a classified and an unclas-
sified form.
SEC. 3. LAW ENFORCEMENT AND SENTENCING PROVISIONS
RELATING TO INTERNATIONAL COUNTER-
FEITING OF UNITED STATES CURRENCY.
(a) FINDINGS.—The Congress hereby finds the fol-
lowing:
(1) United States currency is being counter-
feited outside the United States.
(2) The 103d Congress enacted, with the ap-
proval of the President on September 13, 1994, sec-
tion 470 of title 18, United States Code, making
such activity a crime under the laws of the United
States.
(3) The expeditious posting of agents of the
United States Secret Service to overseas posts,
which is necessary for the effective enforcement of
section 470 and related criminal provisions, has been
delayed.
(4) While section 470 of title 18, United States
Code, provides for a maximum term of imprisonment
of 20 years as opposed to a maximum term of 15
years for domestic counterfeiting, the United States
Sentencing Commission has failed to provide, in its
sentencing guidelines, for an appropriate enhance-
ment of punishment for defendants convicted of
counterfeiting United States currency outside the
United States.
(b) TIMELY CONSIDERATION
OF REQUESTS
FOR
CONCURRENCE IN CREATION OF OVERSEAS POSTS.—
(1) IN
GENERAL.—The Secretary of State
shall—
(A) consider in a timely manner the re-
quest by the Secretary of the Treasury for the
placement of such number of agents of the
United States Secret Service as the Secretary of
the Treasury considers appropriate in posts in
overseas embassies; and
(B) reach an agreement with the Secretary
of the Treasury on such posts as soon as pos-
sible and, in any event, not later than Decem-
ber 31, 1996.
(2) COOPERATION OF TREASURY REQUIRED.—
The Secretary of the Treasury shall promptly pro-
vide any information requested by the Secretary of
State in connection with such requests.
(3) REPORTS REQUIRED.—The Secretary of the
Treasury and the Secretary of State shall each sub-
mit, by February 1, 1997, a written report to the
Committee on Banking and Financial Services of the
House of Representatives and the Committee on
Banking, Housing, and Urban Affairs of the Senate
explaining the reasons for the rejection, if any, of
any proposed post and the reasons for the failure, if
any, to fill any approved post by such date.
(c) ENHANCED PENALTIES
FOR INTERNATIONAL
COUNTERFEITING OF UNITED STATES CURRENCY.—Pur-
suant to the authority of the United States Sentencing
Commission under section 994 of title 28, United States
Code, the Commission shall amend the sentencing guide-
lines prescribed by the Commission to provide an appro-
priate enhancement of the punishment for a defendant
convicted under section 470 of title 18 of such Code.
Æ