Combating Terrorist and Other Illicit Financing Act
Bill: H.R.6388 | Sponsor: Del. San Nicolas, Michael F. Q. (D-GU)
Policy area: Finance and Financial Sector

Summary:
Combating Terrorist and Other Illicit Financing Act
This bill revises provisions related to the National Strategy for Combating Terrorist and Other Illicit Financing developed by the Department of the Treasury. Currently, the strategy must be published through 2022. The bill requires the strategy to be published in 2024 and 2026. The bill also revises how Treasury evaluates existing efforts as part of the strategy.
Additionally, tribal and territorial entities must be (1) eligible for grant programs to combat financial crime, and (2) included in efforts to combat illicit finance.

To make updates to the National Strategy for Combating Terrorist and 
            Other Illicit Financing, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Combating Terrorist and Other 
Illicit Financing Act''.

SEC. 2. INCLUDING OF TRIBAL GOVERNMENTS AND TERRITORIES IN THE HIGH-
              RISK MONEY LAUNDERING AND RELATED FINANCIAL CRIME AREAS.

    (a) Findings.--The Congress finds the following:
            (1) According to the Department of Justice, human 
        trafficking is ``a crime that involves exploiting a person for 
        labor, services, or commercial sex'', a global illicit trade 
        that is estimated by Global Financial Integrity to be valued at 
        more than $150.2 billion each year.
            (2) Polaris, the non-governmental organization which runs 
        the United States National Human Trafficking Hotline, has found 
        that while human trafficking is a nationwide problem, the 
        majority of domestic human trafficking victims are ``people who 
        have historically faced discrimination and its political, 
        social and economic consequences: people of color, indigenous 
        communities, immigrants and people who identify as LGBTQ+''.
            (3) For this reason, it is important that law enforcement 
        representing native communities and territories are part of the 
        national dialogue about countering human trafficking.
            (4) The High Intensity Financial Crime Areas program, which 
        is intended to concentrate law enforcement efforts at the 
        Federal, State, and local level to combat money laundering in 
        designated high-intensity money laundering zones, considers 
        human trafficking among other financial crime issues and 
        actors.
            (5) In each High Intensity Financial Crime Area, a money-
        laundering action team, comprised of relevant Federal, State, 
        and local enforcement authorities, prosecutors, and financial 
        regulators, works together to coordinate Federal, State, and 
        local anti-money laundering effort.
            (6) The High Intensity Financial Crime Area program does 
        not currently mandate the inclusion of law enforcement and 
        other agencies from Tribes and territories.
            (7) Further, the National Strategy for Combating Terrorist 
        and Other Illicit Financing, a valuable report which is 
        scheduled to sunset in January 2022, does not currently mandate 
        the inclusion of law enforcement and other agencies from Tribes 
        and Territories.
    (b) National Strategy for Combating Terrorist and Other Illicit 
Financing.--The Countering Russian Influence in Europe and Eurasia Act 
of 2017 (22 U.S.C. 9501 et seq.) is amended--
            (1) in section 261(b)(2)--
                    (A) by striking ``2020'' and inserting ``2024''; 
                and
                    (B) by striking ``2022'' and inserting ``2026''; 
                and
            (2) in section 262--
                    (A) in paragraph (1)--
                            (i) by striking ``in the documents entitled 
                        `2015 National Money Laundering Risk 
                        Assessment' and `2015 National Terrorist 
                        Financing Risk Assessment','' and inserting 
                        ``in the documents entitled `2020 National 
                        Strategy for Combating Terrorist and Other 
                        Illicit Financing' and `2022 National Strategy 
                        for Combating Terrorist and Other Illicit 
                        Financing'''; and
                            (ii) by striking ``the broader counter 
                        terrorism strategy of the United States'' and 
                        inserting ``the broader counter terrorism and 
                        national security strategies of the United 
                        States'';
                    (B) in paragraph (6)--
                            (i) by striking ``Prevention of illicit 
                        finance'' and inserting ``prevention, 
                        detection, and defeat of illicit finance'';
                            (ii) by striking ``private financial 
                        sector'' and inserting ``private sector, 
                        including financial and other relevant 
                        industries,''; and
                            (iii) by striking ``with regard to the 
                        prevention and detection of illicit finance'' 
                        and inserting ``with regard to the prevention, 
                        detection, and defeat of illicit finance'';
                    (C) in paragraph (7)--
                            (i) by striking ``Federal, State, and local 
                        officials'' and inserting ``Federal, State, 
                        local, Tribal, and Territory officials''; and
                            (ii) by inserting after ``State and local 
                        prosecutors,'' the following: ``Tribal and 
                        Territorial law enforcement''; and
                    (D) in paragraph (8), by striking ``so-called''.
    (c) Law Enforcement and Other Agencies From Tribes and 
Territories.--Section 5342 of title 31, United States Code is amended--
            (1) in subsection (a)(1)(B), by striking ``local, State, 
        national,'' and inserting ``local, State, national, Tribal, 
        Territorial,'';
            (2) in subsection (a)(2)(A), by striking ``with State'' and 
        inserting ``with State, Tribal, Territorial,'';
            (3) in subsection (c)(3), by striking ``any State or local 
        official or prosecutor'' and inserting ``any State, local, 
        Tribe, or Territory official or prosecutor''; and
            (4) in subsection (d), by striking ``State and local 
        governments and State and local law enforcement agencies'' and 
        inserting ``State, local, Tribal, and Territorial governments 
        and State, local, Tribal, and Territorial agencies''.
    (d) Financial Crime-Free Communities Support Program.--
            (1) In general.--Section 5351 of title 31, United States 
        Code, is amended by striking ``to support local law enforcement 
        efforts'' and inserting ``to support local, Tribal, and 
        Territorial law enforcement efforts''.
            (2) Program authorization.--Section 5352 of title 31, 
        United States Code, is amended--
                    (A) in subsection (a), by striking ``State or 
                local'' in each place it occurs and inserting ``State, 
                local, Tribal, or Territorial''; and
                    (B) in subsection (c)--
                            (i) by striking ``State or local'' and 
                        inserting ``State, local, Tribal, or 
                        Territorial''; and
                            (ii) in paragraph (1), by striking ``State 
                        law'' and inserting ``State, Tribal, or 
                        Territorial law''.
            (3) Information collection and dissemination.--Section 
        5353(b)(3)(A) of title 31, United States Code, is amended by 
        striking ``State local law enforcement agencies'' and inserting 
        ``State, local, Tribal, and Territorial law enforcement 
        agencies''.
            (4) Grants for fighting money laundering and related 
        financial crimes.--Section 5354 of title 31, United States 
        Code, is amended--
                    (A) by striking ``State or local law enforcement'' 
                and inserting ``State, local, Tribal, or Territorial 
                law enforcement'';
                    (B) by striking ``State and local law enforcement'' 
                and inserting ``State, local, Tribal, and Territorial 
                law enforcement''; and
                    (C) by striking ``Federal, State, and local 
                cooperative law enforcement'' and inserting ``Federal, 
                State, local, Tribal, and Territorial cooperative law 
                enforcement''.
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