I 
115TH CONGRESS 
1ST SESSION H. R. 3100 
To require the President to develop a national strategy for combating the 
financing of terrorism and related forms of illicit finance, and for other 
purposes. 
IN THE HOUSE OF REPRESENTATIVES 
JUNE 28, 2017 
Ms. SINEMA (for herself, Mr. BUDD, Mr. JEFFRIES, Mr. STIVERS, Mr. 
LYNCH, Mr. KILDEE, Mr. ROSS, Mr. MESSER, Mr. AUSTIN SCOTT of 
Georgia, Mr. SHERMAN, Mr. DELANEY, and Mr. GOTTHEIMER) intro-
duced the following bill; which was referred to the Committee on Finan-
cial Services 
A BILL 
To require the President to develop a national strategy for 
combating the financing of terrorism and related forms 
of illicit finance, 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. DEVELOPMENT OF NATIONAL STRATEGY. 
(a) IN GENERAL.—The President, acting through the 
Secretary, shall, in consultation with the Attorney Gen-
eral, the Secretary of State, the Secretary of Homeland 
Security, the Director of National Intelligence, and the ap-
propriate Federal banking agencies and Federal functional 
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regulators, develop a national strategy for combating the 
financing of terrorism and related forms of illicit finance. 
(b) TRANSMITTAL TO CONGRESS.— 
(1) IN
GENERAL.—Not later than one year 
after the date of the enactment of this Act, the 
President shall submit to the appropriate congres-
sional committees a comprehensive national strategy 
developed in accordance with subsection (a). 
(2) UPDATES.—Not later than January 31, 
2020, and January 31, 2022, the President shall 
submit to the appropriate congressional committees 
updated versions of the national strategy submitted 
under paragraph (1). 
(c) SEPARATE PRESENTATION OF CLASSIFIED MA-
TERIAL.—Any part of the national strategy that involves 
information that is properly classified under criteria estab-
lished by the President shall be submitted to Congress sep-
arately in a classified annex and, if requested by the chair-
man or ranking member of one of the appropriate congres-
sional committees, as a briefing at an appropriate level 
of security. 
SEC. 2. CONTENTS OF NATIONAL STRATEGY. 
The strategy described in section 1 shall contain the 
following: 
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(1) EVALUATION OF EXISTING EFFORTS.—An 
assessment of the effectiveness of and ways in which 
the United States is currently addressing the highest 
levels of risk of various forms of illicit finance, in-
cluding those identified in the documents entitled 
‘‘2015 National Money Laundering Risk Assess-
ment’’ and ‘‘2015 National Terrorist Financing Risk 
Assessment’’, published by the Department of the 
Treasury and a description of how the strategy is in-
tegrated into, and supports, the broader counter ter-
rorism strategy of the United States. 
(2) GOALS, OBJECTIVES, AND PRIORITIES.—A 
comprehensive, research-based, long-range, quantifi-
able discussion of goals, objectives, and priorities for 
disrupting and preventing illicit finance activities 
within and transiting the financial system of the 
United States that outlines priorities to reduce the 
incidence, dollar value, and effects of illicit finance. 
(3) THREATS.—An identification of the most 
significant illicit finance threats to the financial sys-
tem of the United States. 
(4) REVIEWS AND PROPOSED CHANGES.—Re-
views of enforcement efforts, relevant regulations 
and relevant provisions of law and, if appropriate, 
discussions of proposed changes determined to be 
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appropriate to ensure that the United States pur-
sues coordinated and effective efforts at all levels of 
government, and with international partners of the 
United States, in the fight against illicit finance. 
(5) DETECTION
AND
PROSECUTION
INITIA-
TIVES.—A description of efforts to improve, as nec-
essary, detection and prosecution of illicit finance, 
including efforts to ensure that— 
(A) subject to legal restrictions, all appro-
priate data collected by the Federal Govern-
ment that is relevant to the efforts described in 
this section be available in a timely fashion to— 
(i) all appropriate Federal depart-
ments and agencies; and 
(ii) as appropriate and consistent with 
section 314 of the International Money 
Laundering 
Abatement 
and 
Financial 
Anti-Terrorism Act of 2001 (31 U.S.C. 
5311 note), to financial institutions to as-
sist the financial institutions in efforts to 
comply with laws aimed at curbing illicit fi-
nance; and 
(B) appropriate efforts are undertaken to 
ensure that Federal departments and agencies 
charged with reducing and preventing illicit fi-
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nance make thorough use of publicly available 
data in furtherance of this effort. 
(6) THE
ROLE
OF
THE
PRIVATE
FINANCIAL 
SECTOR IN PREVENTION OF ILLICIT FINANCE.—A 
discussion of ways to enhance partnerships between 
the private financial sector and Federal departments 
and agencies with regard to the prevention and de-
tection of illicit finance, including— 
(A) efforts to facilitate compliance with 
laws aimed at stopping such illicit finance while 
maintaining the effectiveness of such efforts; 
and 
(B) providing guidance to strengthen inter-
nal controls and to adopt on an industry-wide 
basis more effective policies. 
(7) ENHANCEMENT
OF
INTERGOVERNMENTAL 
COOPERATION.—A discussion of ways to combat il-
licit finance by enhancing— 
(A) cooperative efforts between and among 
Federal, State, and local officials, including 
State regulators, State and local prosecutors, 
and other law enforcement officials; and 
(B) cooperative efforts with and between 
governments of countries and with and between 
multinational institutions with expertise in 
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fighting illicit finance, including the Financial 
Action Task Force and the Egmont Group of 
Financial Intelligence Units. 
(8) TREND ANALYSIS OF EMERGING ILLICIT FI-
NANCE THREATS.—A discussion of and data regard-
ing trends in illicit finance, including evolving forms 
of value transfer such as so-called cryptocurrencies, 
other methods that are computer, telecommuni-
cations, or Internet-based, cyber crime, or any other 
threats that the Secretary may choose to identify. 
(9) BUDGET PRIORITIES.—A multiyear budget 
plan that identifies sufficient resources needed to 
successfully execute the full range of missions called 
for in this section. 
(10) TECHNOLOGY ENHANCEMENTS.—An anal-
ysis of current and developing ways to leverage tech-
nology to improve the effectiveness of efforts to stop 
the financing of terrorism and other forms of illicit 
finance, including better integration of open-source 
data. 
SEC. 3. DEFINITIONS. 
In this Act— 
(1) the term ‘‘appropriate congressional com-
mittees’’ means— 
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(A) the Committee on Financial Services, 
the Committee on Foreign Affairs, the Com-
mittee on Armed Services, the Committee on 
the Judiciary, Committee on Homeland Secu-
rity, and the Permanent Select Committee on 
Intelligence of the House of Representatives; 
and 
(B) the Committee on Banking, Housing, 
and Urban Affairs, the Committee on Foreign 
Relations, Committee on Armed Services, Com-
mittee on the Judiciary, Committee on Home-
land Security and Governmental Affairs, and 
the Select Committee on Intelligence of the 
Senate; 
(2) 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) the term ‘‘Federal functional regulator’’ has 
the meaning given that term in section 509 of the 
Gramm-Leach-Bliley Act (15 U.S.C. 6809); 
(4) the term ‘‘illicit finance’’ means the financ-
ing of terrorism, money laundering, or other forms 
of illicit financing domestically or internationally, as 
defined by the President; 
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(5) the term ‘‘Secretary’’ means the Secretary 
of the Treasury; and 
(6) the term ‘‘State’’ means each of the several 
States, the District of Columbia, and each territory 
or possession of the United States. 
Æ 
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