them, the identity of the person who is to re-
ceive them, or both. 
‘‘(D) The maximum value of the devices 
transported. 
‘‘(E) The amount of stored value in the 
stored value account associated with the devices 
at the time they are transported. 
‘‘(F) The number and kind of stored value 
devices transported. 
‘‘(G) Such additional information as the 
Secretary of the Treasury may require. 
‘‘(4) MAXIMUM VALUE.—For purposes of this 
subsection, the ‘maximum value’ of a stored value 
device is the maximum monetary value that can be 
loaded to the stored value account that the device 
accesses.’’. 
SEC. 5. AMENDMENTS RELATING TO SEARCH AND FOR-
FEITURE OF MONETARY INSTRUMENTS AND 
STORED VALUE DEVICES. 
Section 5317 of title 31, United States Code, is 
amended— 
(1) in the heading of such section, by inserting 
after ‘‘instruments’’ the following: ‘‘and stored 
value devices’’; and 
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(2) by amending subsection (a) to read as fol-
lows: 
‘‘(a) IN GENERAL.—The Secretary of the Treasury 
or the Secretary of Homeland Security may apply to a 
court of competent jurisdiction for a search warrant when 
such Secretary reasonably believes a monetary instrument, 
stored value, or a reportable stored value device is being 
transported and a report on the instrument or device 
under section 5316 of this title has not been filed or con-
tains a material omission or misstatement. Such Secretary 
shall include a statement of information in support of the 
warrant. On a showing of probable cause, the court may 
issue a search warrant for a designated person or a des-
ignated or described place or physical object. This sub-
section does not affect the authority of the Secretary of 
the Treasury or the Secretary of Homeland Security under 
another law.’’. 
SEC. 6. AMENDMENT OF SMUGGLING PROVISIONS. 
Chapter 53 of subtitle IV of title 31, United States 
Code, is amended by amending section 5332 to read as 
follows: 
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‘‘SEC. 5332. SMUGGLING OF CASH, MONETARY INSTRU-
MENTS, STORED VALUE, AND STORED VALUE 
DEVICES INTO OR OUT OF THE UNITED 
STATES. 
‘‘(a) CRIMINAL OFFENSE.— 
‘‘(1) IN GENERAL.—Whoever, with the intent to 
evade a currency reporting requirement under sec-
tion 5316, knowingly conceals more than $10,000 in 
currency or other monetary instruments or stored 
value, or any physical reportable stored value device, 
on the person of such individual or in any convey-
ance, article of luggage, merchandise, or other con-
tainer, and transports or transfers or attempts to 
transport or transfer such currency, other monetary 
instruments, stored value, or physical reportable 
stored value device from a place within the United 
States to a place outside of the United States, or 
from a place outside the United States to a place 
within the United States, shall be guilty of a cur-
rency smuggling offense and subject to punishment 
pursuant to subsection (b). 
‘‘(2) CONCEALMENT
ON
PERSON.—For pur-
poses of this section, the concealment of currency, 
other monetary instruments, or physical reportable 
stored value device on the person of any individual 
includes concealment in any article of clothing worn 
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by the individual or in any luggage, backpack, or 
other container worn or carried by such individual. 
‘‘(b) PENALTY.— 
‘‘(1) TERM OF IMPRISONMENT.—A person con-
victed of a currency smuggling offense under sub-
section (a), or a conspiracy to commit such offense, 
shall be imprisoned for not more than 5 years. 
‘‘(2) FORFEITURE.—In addition, the court, in 
imposing sentence under paragraph (1), shall order 
that the defendant forfeit to the United States any 
property, real or personal, involved in the offense, 
and any property traceable to such property. 
‘‘(3) PROCEDURE.—The seizure, restraint, and 
forfeiture of property under this section shall be gov-
erned by section 413 of the Controlled Substances 
Act. 
‘‘(4) PERSONAL
MONEY
JUDGMENT.—If the 
property subject to forfeiture under paragraph (2) is 
unavailable, and the defendant has insufficient sub-
stitute property that may be forfeited pursuant to 
section 413(p) of the Controlled Substances Act, the 
court shall enter a personal money judgment against 
the defendant for the amount that would be subject 
to forfeiture. 
‘‘(c) CIVIL FORFEITURE.— 
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‘‘(1) IN GENERAL.—Any property involved in a 
violation of subsection (a), or a conspiracy to com-
mit such violation, and any property traceable to 
such violation or conspiracy, may be seized and for-
feited to the United States. 
‘‘(2) PROCEDURE.—The seizure and forfeiture 
shall be governed by the procedures governing civil 
forfeitures in money laundering cases pursuant to 
section 981(a)(1)(A) of title 18, United States Code. 
‘‘(3) TREATMENT
OF
CERTAIN
PROPERTY
AS 
INVOLVED IN THE OFFENSE.—For purposes of this 
subsection and subsection (b), any currency, other 
monetary instrument, stored value, or physical re-
portable stored value device that is concealed or in-
tended to be concealed in violation of subsection (a) 
or a conspiracy to commit such violation, any article, 
container, or conveyance used, or intended to be 
used, to conceal or transport the currency, other 
monetary instrument, stored value, or physical re-
portable stored value device, and any other property 
used, or intended to be used to facilitate the offense 
(including the funds or value of funds accessible by 
the stored value device at the time of the offense), 
shall be considered property involved in the of-
fense.’’. 
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SEC. 7. STORED VALUE DEVICE STUDY. 
(a) IN GENERAL.—The Secretary of the Treasury, in 
consultation with the Attorney General, the Secretary of 
Homeland Security, and the Director of National Intel-
ligence, shall carry out a study on stored value devices. 
Such study shall include— 
(1) an analysis of the extent to which stored 
value devices are used for the purpose of pro-
viding— 
(A) payments related to drug trafficking; 
(B) payments related to human trafficking; 
or 
(C) financial support to terror cells oper-
ating within the United States; 
(2) an analysis of the extent to which stored 
value devices issued by foreign entities are being uti-
lized in the United States, including the typical 
countries of origin of such devices and the typical 
values of such devices when imported into the 
United States; 
(3) an analysis of the extent to which stored 
value devices issued by United States entities are 
being utilized outside the United States, including 
the typical locations where value is added to such 
device and where value is typically subtracted inter-
nationally; 
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