Afghan Threat Finance Cell Establishment Act of 2021
Bill: H.R.5457 | Sponsor: Rep. Lynch, Stephen F. (D-MA)
Policy area: Finance and Financial Sector

Summary:
Afghan Threat Finance Cell Establishment Act of 2021
This bill directs the President to establish the Afghan Threat Finance Cell, an interagency organization with the purpose to identify, disrupt, and eliminate illicit financial networks in Afghanistan, particularly networks involved in narcotics trafficking, illicit financial transactions, official corruption, and terrorist networks.

To direct the President to establish the interagency Afghan Threat 
                             Finance Cell.

    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 ``Afghan Threat Finance Cell 
Establishment Act of 2021''.

SEC. 2. ESTABLISHMENT OF AFGHAN THREAT FINANCE CELL.

    (a) Establishment.--Not later than 90 days after the date of the 
enactment of this Act, the President shall establish an interagency 
organization to be known as the ``Afghan Threat Finance Cell''.
    (b) Mission.--The mission of the Afghan Threat Finance Cell shall 
be to identify, disrupt, and eliminate illicit financial networks in 
Afghanistan, particularly such networks involved in narcotics 
trafficking, illicit financial transactions, official corruption, and 
terrorist networks.
    (c) Organization.--
            (1) Membership.--The Afghan Threat Finance Cell shall 
        consist of representatives from elements of the United States 
        Government as follows:
                    (A) The Department of the Treasury.
                    (B) The Drug Enforcement Administration.
                    (C) The Department of State.
                    (D) The Department of Defense.
                    (E) The Federal Bureau of Investigation.
                    (F) The Internal Revenue Service.
                    (G) The Department of Homeland Security.
                    (H) The Defense Intelligence Agency.
                    (I) The Office of Foreign Assets Control of the 
                Department of the Treasury.
                    (J) The Central Intelligence Agency.
                    (K) Any other law enforcement agency or element of 
                the intelligence community that the Secretary of the 
                Treasury, the Administrator of the Drug Enforcement 
                Administration, and the Secretary of Defense jointly 
                determine appropriate.
            (2) Lead agencies.--The Department of the Treasury shall 
        serve as the lead agency of the Afghan Threat Finance Cell. The 
        Drug Enforcement Administration and the Department of Defense 
        shall serve as the co-deputy lead agencies of the Afghan Threat 
        Finance Cell.
    (d) Coordination.--The Afghan Threat Finance Cell shall regularly 
coordinate and consult with regional Financial Intelligence Units, the 
international Financial Action Task Force, and the Special Inspector 
General for Afghanistan Reconstruction.
    (e) Briefings.--
            (1) Requirement.--Not later than one year after the date of 
        the enactment of this Act, and annually thereafter, the Afghan 
        Threat Finance Cell shall provide to the appropriate 
        congressional committees a briefing on the activities of the 
        Afghan Threat Finance Cell.
            (2) Matters included.--Each briefing under paragraph (1) 
        shall include the following:
                    (A) An assessment of the activities undertaken by, 
                and the effectiveness of, the Afghan Threat Finance 
                Cell in identifying, disrupting, eliminating illicit 
                financial networks in Afghanistan, particularly such 
                networks involved in narcotics trafficking, illicit 
                financial transactions, official corruption, and 
                terrorist networks.
                    (B) Any recommendations to Congress regarding 
                legislative or regulatory improvements necessary to 
                support the identification, disruption, and elimination 
                of illicit financial networks in Afghanistan.
            (3) Form.--A briefing under paragraph (1) may be provided 
        in a classified form.
            (4) Appropriate congressional committees defined.--In this 
        subsection, the term ``appropriate congressional committees'' 
        means--
                    (A) The Committee on Financial Services, the 
                Committee on Reform, the Committee on the Judiciary, 
                and the Committee on Armed Services of the House of 
                Representatives.
                    (B) The Committee on Banking, Housing, and Urban 
                Affairs, the Committee on Homeland Security and 
                Governmental Affairs, the Committee on the Judiciary, 
                and the Committee on Armed Services of the Senate.
    (f) Termination.--
            (1) In general.--Except as provided by paragraph (2), the 
        Afghan Threat Finance Cell shall terminate on the date that is 
        three years after the date of the enactment of this Act.
            (2) Extension.--The President may extend the date under 
        paragraph (1) by an additional two years.
                                 <all>