(1), the President may utilize any credible publica-
tion, database, web-based resource, and any credible 
information compiled by any government agency, 
nongovernmental organization, or other entity that 
is made available to the President. 
(b) BRIEFING.—Not later than 2 years after the date 
of the enactment of this Act, the Secretary of the Treasury 
shall brief the appropriate congressional committees on 
the implementation of the strategy required under sub-
section (a). 
SEC. 7. DETERMINATION OF BUDGETARY EFFECTS. 
The budgetary effects of this Act, for the purpose of 
complying with the Statutory Pay-As-You-Go Act of 2010, 
shall be determined by reference to the latest statement 
titled ‘‘Budgetary Effects of PAYGO Legislation’’ for this 
Act, submitted for printing in the Congressional Record 
by the Chairman of the House Budget Committee, pro-
vided that such statement has been submitted prior to the 
vote on passage. 
SEC. 8. DEFINITIONS. 
For purposes of this Act: 
(1) APPROPRIATE
CONGRESSIONAL
COMMIT-
TEES.—The term ‘‘appropriate congressional com-
mittees’’ means—
(A) the Committee on Financial Services, 
the Committee on the Judiciary, the Permanent 
Select Committee on Intelligence, and the Com-
mittee on Foreign Affairs of the House of Rep-
resentatives; and 
(B) the Committee on Banking, Housing, 
and Urban Affairs, the Committee on Home-
land Security and Governmental Affairs, the 
Committee on the Judiciary, the Select Com-
mittee on Intelligence, and the Committee on 
Foreign Relations of the Senate. 
(2) APPROPRIATE
FEDERAL
BANKING
AGEN-
CIES.—The term ‘‘appropriate Federal banking 
agencies’’ has the meaning given the term in section 
3 of the Federal Deposit Insurance Act (12 U.S.C. 
1813). 
(3) BANK SECRECY ACT.—The term ‘‘Bank Se-
crecy Act’’ means— 
(A) section 21 of the Federal Deposit In-
surance Act; 
(B) chapter 2 of title I of Public Law 91– 
508; and 
(C) subchapter II of chapter 53 of title 31, 
United States Code.
(4) DIGITAL
CURRENCY.—The term ‘‘digital 
currency’’— 
(A) means a digital representation of value 
that— 
(i) is used as a medium of exchange, 
unit of account, or store of value; and 
(ii) is not established legal tender, 
whether or not denominated in established 
legal tender; and 
(B) does not include— 
(i) a transaction in which a merchant 
grants, as part of an affinity or rewards 
program, value that cannot be taken from 
or exchanged with the merchant for legal 
tender, bank credit, or digital currency; or 
(ii) a digital representation of value 
issued by or on behalf of a publisher and 
used solely within an online game, game 
platform, or family of games sold by the 
same publisher or offered on the same 
game platform. 
(5) FEDERAL FUNCTIONAL REGULATOR.—The 
term ‘‘Federal functional regulator’’ has the mean-
ing given that term in section 509 of the Gramm- 
Leach-Bliley Act (15 U.S.C. 6809).
(6) FOREIGN TERRORIST ORGANIZATION.—The 
term ‘‘foreign terrorist organization’’ means an or-
ganization that is designated as a foreign terrorist 
organization under section 219 of the Immigration 
and Nationality Act (8 U.S.C. 1189). 
(7) TERRORIST.—The term ‘‘terrorist’’ includes 
a person carrying out domestic terrorism or inter-
national terrorism (as such terms are defined, re-
spectively, under section 2331 of title 18, United 
States Code). 
Passed the House of Representatives January 28, 
2019. 
Attest: 
Clerk.
116TH CONGRESS 
1ST SESSION 
H. R. 56 
AN ACT 
To establish an Independent Financial Technology 
Task Force to Combat Terrorism and Illicit Fi-
nancing, to provide rewards for information lead-
ing to convictions related to terrorist use of dig-
ital currencies, to establish a Fintech Leadership 
in Innovation and Financial Intelligence Program 
to encourage the development of tools and pro-
grams to combat terrorist and illicit use of digital 
currencies, and for other purposes.