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‘‘(1) the rate of compensation provided to a 
Foreign Service officer at a comparable career level 
serving at the same embassy; or 
‘‘(2) the rate of compensation the Treasury 
attache´ would otherwise have received, absent the 
application of this subsection. 
‘‘(d) BANK SECRECY ACT DEFINED.—In this section, 
the term ‘Bank Secrecy Act’ has the meaning given that 
term under section 5312.’’. 
(b) CLERICAL AMENDMENT.—The table of contents 
for chapter 3 of title 31, United States Code, is amended 
by inserting after the item relating to section 315 the fol-
lowing: 
‘‘316. Treasury Attache´s Program.’’. 
SEC. 
107. 
INCREASING 
TECHNICAL 
ASSISTANCE 
FOR 
INTERNATIONAL COOPERATION. 
(a) IN GENERAL.—There is authorized to be appro-
priated for each of fiscal years 2020 through 2024 to the 
Secretary of the Treasury for purposes of providing tech-
nical assistance that promotes compliance with inter-
national standards and best practices, including in par-
ticular those aimed at the establishment of effective anti- 
money laundering and countering the financing of ter-
rorism regimes, in an amount equal to twice the amount 
authorized for such purpose for fiscal year 2019. 
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(b) ACTIVITY AND EVALUATION REPORT.—Not later 
than 360 days after enactment of this Act, and every year 
thereafter for 5 years, the Secretary of the Treasury shall 
issue a report to the Congress on the assistance (as de-
scribed under subsection (a)) of the Office of Technical 
Assistance of the Department of the Treasury con-
taining— 
(1) a narrative detailing the strategic goals of 
the Office in the previous year, with an explanation 
of how technical assistance provided in the previous 
year advances the goals; 
(2) a description of technical assistance pro-
vided by the Office in the previous year, including 
the objectives and delivery methods of the assist-
ance; 
(3) a list of beneficiaries and providers (other 
than Office staff) of the technical assistance; 
(4) a description of how technical assistance 
provided by the Office complements, duplicates, or 
otherwise affects or is affected by technical assist-
ance provided by the international financial institu-
tions (as defined under section 1701(c) of the Inter-
national Financial Institutions Act); and 
(5) a copy of any Federal Government survey of 
staff perspectives at the Office of Technical Assist-
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ance, including any findings regarding the Office 
from the most recently administered Federal Em-
ployee Viewpoint Survey. 
SEC. 108. FINCEN DOMESTIC LIAISONS. 
Section 310 of title 31, United States Code, as 
amended by section 102, is further amended by inserting 
after subsection (d) the following: 
‘‘(e) FINCEN DOMESTIC LIAISONS.— 
‘‘(1) IN GENERAL.—The Director of FinCEN 
shall appoint at least six senior FinCEN employees 
as FinCEN Domestic Liaisons, who shall— 
‘‘(A) each be assigned to focus on a spe-
cific region of the United States; 
‘‘(B) be located at an office in such region 
(or co-located at an office of the Board of Gov-
ernors of the Federal Reserve System in such 
region); and 
‘‘(C) perform outreach to BSA officers at 
financial institutions (including non-bank finan-
cial institutions) and persons who are not finan-
cial institutions, especially with respect to ac-
tions taken by FinCEN that require specific ac-
tions by, or have specific effects on, such insti-
tutions or persons, as determined by the Direc-
tor. 
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‘‘(2) DEFINITIONS.—In this subsection: 
‘‘(A) BSA OFFICER.—The term ‘BSA offi-
cer’ means an employee of a financial institu-
tion whose primary job responsibility involves 
compliance with the Bank Secrecy Act, as such 
term is defined under section 5312. 
‘‘(B) FINANCIAL INSTITUTION.—The term 
‘financial institution’ has the meaning given 
that term under section 5312.’’. 
SEC. 109. FINCEN EXCHANGE. 
Section 310 of title 31, United States Code, as 
amended by section 108, is further amended by inserting 
after subsection (e) the following: 
‘‘(f) FINCEN EXCHANGE.— 
‘‘(1) 
ESTABLISHMENT.—The 
FinCEN 
Ex-
change is hereby established within FinCEN, which 
shall consist of the FinCEN Exchange program of 
FinCEN in existence on the day before the date of 
enactment of this paragraph. 
‘‘(2) PURPOSE.—The FinCEN Exchange shall 
facilitate a voluntary public-private information 
sharing partnership among law enforcement, finan-
cial institutions, and FinCEN to— 
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‘‘(A) effectively and efficiently combat 
money laundering, terrorism financing, orga-
nized crime, and other financial crimes; 
‘‘(B) protect the financial system from il-
licit use; and 
‘‘(C) promote national security. 
‘‘(3) REPORT.— 
‘‘(A) IN GENERAL.—Not later than 1 year 
after the date of enactment of this subsection, 
and annually thereafter for the next 5 years, 
the Secretary of the Treasury shall submit to 
the Committee on Financial Services of the 
House of Representatives and the Committee 
on Banking, Housing, and Urban Affairs of the 
Senate a report containing— 
‘‘(i) an analysis of the efforts under-
taken by the FinCEN Exchange and the 
results of such efforts; 
‘‘(ii) an analysis of the extent and ef-
fectiveness of the FinCEN Exchange, in-
cluding any benefits realized by law en-
forcement from partnership with financial 
institutions; and 
‘‘(iii) any legislative, administrative, 
or other recommendations the Secretary 
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may have to strengthen FinCEN Exchange 
efforts. 
‘‘(B) CLASSIFIED
ANNEX.—Each report 
under subparagraph (A) may include a classi-
fied annex. 
‘‘(4) INFORMATION SHARING REQUIREMENT.— 
Information shared pursuant to this subsection shall 
be shared in compliance with all other applicable 
Federal laws and regulations. 
‘‘(5) RULE OF CONSTRUCTION.—Nothing under 
this subsection may be construed to create new in-
formation sharing authorities related to the Bank 
Secrecy Act (as such term is defined under section 
5312 of title 31, United States Code). 
‘‘(6) FINANCIAL
INSTITUTION
DEFINED.—In 
this subsection, the term ‘financial institution’ has 
the meaning given that term under section 5312.’’. 
SEC. 110. STUDY AND STRATEGY ON TRADE-BASED MONEY 
LAUNDERING. 
(a) STUDY.—The Secretary of the Treasury shall 
carry out a study, in consultation with appropriate private 
sector stakeholders and Federal departments and agen-
cies, on trade-based money laundering. 
(b) REPORT.—Not later than the end of the 1-year 
period beginning on the date of the enactment of this Act, 
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the Secretary shall issue a report to the Congress con-
taining— 
(1) all findings and determinations made in car-
rying out the study required under subsection (a); 
and 
(2) proposed strategies to combat trade-based 
money laundering. 
(c) CLASSIFIED ANNEX.—The report required under 
this section may include a classified annex. 
(d) CONTRACTING AUTHORITY.—The Secretary may 
contract with a private third-party to carry out the study 
required under this section. The authority of the Secretary 
to enter into contracts under this subsection shall be in 
effect for each fiscal year only to the extent and in the 
amounts as are provided in advance in appropriations 
Acts. 
SEC. 111. STUDY AND STRATEGY ON DE-RISKING. 
(a) REVIEW.—The Secretary of the Treasury, in con-
sultation with appropriate private sector stakeholders, ex-
aminers, the Federal functional regulators (as defined 
under section 103), State bank supervisors, and other rel-
evant stakeholders, shall undertake a formal review of— 
(1) any adverse consequences of financial insti-
tutions de-risking entire categories of relationships, 
including charities, embassy accounts, money serv-
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ices 
businesses 
(as 
defined 
under 
section 
1010.100(ff) of title 31, Code of Federal Regula-
tions) and their agents, countries, international and 
domestic regions, and respondent banks; 
(2) the reasons why financial institutions are 
engaging in de-risking; 
(3) the association with and effects of de-risk-
ing on money laundering and financial crime actors 
and activities; 
(4) the most appropriate ways to promote fi-
nancial inclusion, particularly with respect to devel-
oping countries, while maintaining compliance with 
the Bank Secrecy Act, including an assessment of 
policy options to— 
(A) more effectively tailor Federal actions 
and penalties to the size of foreign financial in-
stitutions and any capacity limitations of for-
eign governments; and 
(B) reduce compliance costs that may lead 
to the adverse consequences described in para-
graph (1); 
(5) formal and informal feedback provided by 
examiners that may have led to de-risking; 
(6) the relationship between resources dedicated 
to compliance and overall sophistication of compli-
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ance efforts at entities that may be experiencing de- 
risking versus those that have not experienced de- 
risking; and 
(7) any best practices from the private sector 
that facilitate correspondent bank relationships. 
(b) DE-RISKING STRATEGY.—The Secretary shall de-
velop a strategy to reduce de-risking and adverse con-
sequences related to de-risking. 
(c) REPORT.—Not later than the end of the 1-year 
period beginning on the date of the enactment of this Act, 
the Secretary, in consultation with the Federal functional 
regulators, State bank supervisors, and other relevant 
stakeholders, shall issue a report to the Congress con-
taining— 
(1) all findings and determinations made in car-
rying out the study required under subsection (a); 
and 
(2) the strategy developed pursuant to sub-
section (b). 
(d) DEFINITIONS.—In this section: 
(1) 
DE-RISKING.—The 
term 
‘‘de-risking’’ 
means the wholesale closing of accounts or limiting 
of financial services for a category of customer due 
to unsubstantiated risk as it relates to compliance 
with the Bank Secrecy Act. 
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(2) BSA TERMS.—The terms ‘‘Bank Secrecy 
Act’’ and ‘‘financial institution’’ have the meaning 
given those terms, respectively, under section 5312 
off title 31, United States Code. 
(3) STATE
BANK
SUPERVISOR.—The term 
‘‘State bank supervisor’’ has the meaning given that 
term under section 3 of the Federal Deposit Insur-
ance Act (12 U.S.C. 1813). 
SEC. 112. AML EXAMINATION AUTHORITY DELEGATION 
STUDY. 
(a) STUDY.—The Secretary of the Treasury shall 
carry out a study, in consultation with State bank super-
visors (as defined under section 3 of the Federal Deposit 
Insurance Act (12 U.S.C. 1813)), and other relevant 
stakeholders, on the Secretary’s delegation of examination 
authority under the Bank Secrecy Act, including— 
(1) an evaluation of the efficacy of the delega-
tion, especially with respect to the mission of the 
Bank Secrecy Act; 
(2) whether the delegated agencies have appro-
priate resources to perform their delegated respon-
sibilities; and 
(3) whether the examiners in delegated agencies 
have sufficient training and support to perform their 
responsibilities. 
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tivity Review – Trends, Tips & Issues’, on not 
less than a semi-annual basis, to provide mean-
ingful information about the preparation, use, 
and value of reports filed under this subsection 
by financial institutions, as well as other re-
ports filed by financial institutions under the 
Bank Secrecy Act. 
‘‘(B) INCLUSION OF TYPOLOGIES.—In each 
publication described under subparagraph (A), 
the Director shall provide financial institutions 
with typologies, including data that can be 
adapted in algorithms (including for artificial 
intelligence and machine learning programs) 
where appropriate, on emerging money laun-
dering and counter terror financing threat pat-
terns and trends. 
‘‘(C) TYPOLOGY DEFINED.—For purposes 
of this paragraph, the term ‘typology’ means 
the various techniques used to launder money 
or finance terrorism.’’. 
SEC. 206. MODERNIZATION AND UPGRADING WHISTLE-
BLOWER PROTECTIONS. 
(a) REWARDS.—Section 5323(d) of title 31, United 
States Code, is amended to read as follows: 
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