ment Network prior to entering into each such agree-
ment. 
(b) CLASSIFIED ANNEX.—Each report under sub-
section (a) may include a classified annex. 
(c) BANK SECRECY ACT DEFINED.—For purposes of 
this section, the term ‘‘Bank Secrecy Act’’ has the meaning 
given that term under section 5312 of title 31, United States 
Code. 
SEC. 211. RETURN OF PROFITS AND BONUSES. 
(a) IN GENERAL.—Section 5322 of title 31, United 
States Code, is amended by adding at the end the following: 
‘‘(e) RETURN OF PROFITS AND BONUSES.—A person 
convicted of violating a provision of (or rule issued under) 
the Bank Secrecy Act shall— 
‘‘(1) in addition to any other fine under this sec-
tion, be fined in an amount equal to the profit gained 
by such person by reason of such violation, as deter-
mined by the court; and 
‘‘(2) if such person is an individual who was a 
partner, director, officer, or employee of a financial 
institution at the time the violation occurred, repay 
to such financial institution any bonus paid to such 
individual during the Federal fiscal year in which the 
violation occurred or the Federal fiscal year after 
which the violation occurred.’’. 
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(b) RULE OF CONSTRUCTION.—The amendment made 
by subsection (a) may not be construed to prohibit a finan-
cial institution from requiring the repayment of a bonus 
paid to a partner, director, officer, or employee if the finan-
cial institution determines that the partner, director, offi-
cer, or employee engaged in unethical, but non-criminal, 
activities. 
SEC. 212. PROHIBITION ON TAX DEDUCTIONS FOR ATTOR-
NEY’S FEES RELATED TO BANK SECRECY ACT 
SETTLEMENTS AND COURT COSTS. 
Section 162(f) of the Internal Revenue Code of 1986 
is amended by adding at the end the following: 
‘‘(7) VIOLATIONS OF THE BANK SECRECY ACT.— 
In the case of a payment described in paragraph (1) 
that is in relation to any violation of the Bank Se-
crecy Act (as defined under section 5312 of title 31, 
United States Code), no deduction shall be allowed 
under this chapter for attorney’s fees related to such 
payment.’’. 
SEC. 213. APPLICATION OF BANK SECRECY ACT TO DEAL-
ERS IN ANTIQUITIES. 
(a) IN GENERAL.—Section 5312(a)(2) of title 31, 
United States Code, is amended— 
(1) in subparagraph (Y), by striking ‘‘or’’ at the 
end; 
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(2) by redesignating subparagraph (Z) as sub-
paragraph (AA); and 
(3) by inserting after subsection (Y) the fol-
lowing: 
‘‘(Z) a person trading or acting as an 
intermediary in the trade of antiquities, includ-
ing an advisor, consultant or any other person 
who engages as a business in the solicitation of 
the sale of antiquities; or’’. 
(b) STUDY ON THE FACILITATION OF MONEY LAUN-
DERING AND TERROR FINANCE THROUGH THE TRADE OF 
WORKS OF ART OR ANTIQUITIES.— 
(1) STUDY.—The Secretary of the Treasury, in 
coordination with Federal Bureau of Investigation, 
the Attorney General, and Homeland Security Inves-
tigations, shall perform a study on the facilitation of 
money laundering and terror finance through the 
trade of works of art or antiquities, including an 
analysis of— 
(A) the extent to which the facilitation of 
money laundering and terror finance through the 
trade of works of art or antiquities may enter or 
affect the financial system of the United States, 
including any qualitative data or statistics; 
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(B) whether thresholds should apply in de-
termining which entities to regulate; 
(C) an evaluation of which markets, by size, 
domestic or international geographical locations, 
or otherwise, should be subject to regulations; 
(D) an evaluation of whether certain ex-
emptions should apply; and 
(E) any other points of study or analysis 
the Secretary determines necessary or appro-
priate. 
(2) REPORT.—Not later than the end of the 180- 
day period beginning on the date of the enactment of 
this Act, the Secretary of the Treasury shall issue a 
report to the Committee on Financial Services of the 
House of Representatives and the Committee on 
Banking, Housing, and Urban Affairs of the Senate 
containing all findings and determinations made in 
carrying out the study required under paragraph (1). 
(c) RULEMAKING.—Not later than the end of the 180- 
day period beginning on the date the Secretary issues the 
report required under subsection (b)(2), the Secretary shall 
issue regulations to carry out the amendments made by sub-
section (a). 
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SEC. 214. GEOGRAPHIC TARGETING ORDER. 
The Secretary of the Treasury shall issue a geographic 
targeting order, similar to the order issued by the Financial 
Crimes Enforcement Network on November 15, 2018, that— 
(1) applies to commercial real estate to the same 
extent, with the exception of having the same thresh-
olds, as the order issued by FinCEN on November 15, 
2018, applies to residential real estate; and 
(2) establishes a specific threshold for commercial 
real estate. 
SEC. 215. STUDY AND REVISIONS TO CURRENCY TRANS-
ACTION REPORTS AND SUSPICIOUS ACTIVITY 
REPORTS. 
(a) CURRENCY TRANSACTION REPORTS.— 
(1) CTR INDEXED FOR INFLATION.— 
(A) IN GENERAL.—Every 5 years after the 
date of enactment of this Act, the Secretary of 
the Treasury shall revise regulations issued with 
respect to section 5313 of title 31, United States 
Code, to update each $10,000 threshold amount 
in such regulation to reflect the change in the 
Consumer Price Index for All Urban Consumers 
published by the Department of Labor, rounded 
to the nearest $100. For purposes of calculating 
the change described in the previous sentence, the 
Secretary shall use $10,000 as the base amount 
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