Title: End Banking for Human Traffickers Act of 2017
Policy area: Finance and Financial Sector

Summary:
End Banking for Human Traffickers Act of 2017
This bill amends the Victims of Trafficking and Violence Protection Act of 2000 to add the Secretary of the Treasury as a member of the President's Interagency Task Force to Monitor and Combat Trafficking. The task force must submit to Congress recommendations for the revision of anti-money laundering programs to specifically target money laundering related to human trafficking.
The Federal Financial Institutions Examination Council must review and enhance, where necessary: (1) training and procedures to improve the ability of anti-money laundering programs to target human trafficking operations, and (2) procedures for referring potential human trafficking cases to the appropriate law enforcement agency.
The Department of Justice must report on: (1) efforts to eliminate money laundering related to human trafficking; and (2) the number of investigations, arrests, indictments, and convictions in money laundering cases related to human trafficking.

[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[S. 952 Introduced in Senate (IS)]

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115th CONGRESS
  1st Session
                                 S. 952

   To increase the role of the financial industry in combating human 
                              trafficking.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             April 26, 2017

 Ms. Warren (for herself and Mr. Rubio) introduced the following bill; 
which was read twice and referred to the Committee on Banking, Housing, 
                           and Urban Affairs

_______________________________________________________________________

                                 A BILL


 
   To increase the role of the financial industry in combating human 
                              trafficking.

    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 ``End Banking for Human Traffickers 
Act of 2017''.

SEC. 2. INCREASING THE ROLE OF THE FINANCIAL INDUSTRY IN COMBATING 
              HUMAN TRAFFICKING.

    (a) Treasury as a Member of the President's Interagency Task Force 
to Monitor and Combat Trafficking.--Section 105(b) of the Victims of 
Trafficking and Violence Protection Act of 2000 (22 U.S.C. 7103(b)) is 
amended by inserting ``the Secretary of the Treasury,'' after ``the 
Secretary of Education,''.
    (b) Required Review of Procedures.--Not later than 180 days after 
the date of enactment of this Act, the Federal Financial Institutions 
Examination Council shall, in consultation with the Secretary of the 
Treasury and other appropriate law enforcement agencies, take the 
following actions:
            (1) Review and enhance, where necessary, training and 
        examinations procedures to improve the ability of anti-money 
        laundering programs to target human trafficking operations.
            (2) Review and enhance, where necessary, procedures for 
        referring potential human trafficking cases to the appropriate 
        law enforcement agency.
    (c) Interagency Task Force Recommendations Targeting Money 
Laundering Related to Human Trafficking.--
            (1) In general.--Not later than 180 days after the date of 
        enactment of this Act, the Interagency Task Force to Monitor 
        and Combat Trafficking shall prepare and submit to Congress, 
        the Secretary of the Treasury, and each appropriate Federal 
        banking agency a series of legislative, administrative, and 
        regulatory recommendations, if necessary, to revise anti-money 
        laundering programs of financial institutions in order to 
        specifically target money laundering related to human 
        trafficking, as described in paragraph (2).
            (2) Required recommendations.--The recommendations required 
        under paragraph (1) shall, at a minimum, include the following:
                    (A) Successful anti-human trafficking programs 
                currently in place at financial institutions that are 
                suitable for broader adoption.
                    (B) Recommended changes, if necessary, to the 
                internal policies, procedures, and controls at 
                financial institutions so that such institutions can 
                better deter and detect money laundering related to 
                human trafficking.
                    (C) Recommended changes, if necessary, to ongoing 
                employee training programs at financial institutions so 
                that those institutions can better equip employees to 
                deter and detect money laundering related to human 
                trafficking, including the training of legal counsel, 
                risk managers, and compliance officers.
                    (D) Recommended revisions, if necessary, to 
                existing regulatory requirements and guidelines for the 
                reporting of suspicious transactions by financial 
                institutions, as required pursuant to section 5318(g) 
                of title 31, United States Code, in order to facilitate 
                the collection of data on instances of suspected human 
                trafficking.
    (d) Additional Reporting Requirement.--Section 110(b) of the 
Trafficking Victims Protection Act of 2000 (22 U.S.C. 7107(b)) is 
amended by adding at the end the following:
            ``(4) Description of efforts of united states to eliminate 
        money laundering related to human trafficking.--In addition to 
        the information required in the annual report under paragraph 
        (1) and the interim report under paragraph (2), the Attorney 
        General, in consultation with the Secretary of the Treasury, 
        shall include in each such report a description of efforts of 
        the United States to eliminate money laundering related to 
        human trafficking and the number of investigations, arrests, 
        indictments and convictions in money laundering cases with a 
        nexus to human trafficking.''.
    (e) Limitation.--Nothing in this Act shall be construed to grant 
rule making authority to the Interagency Task Force to Monitor and 
Combat Trafficking.
    (f) Definitions.--As used in this section--
            (1) the term ``anti-money laundering program'' means any 
        program established by a financial institution pursuant to 
        section 5318(h) of title 31, United States Code;
            (2) the term ``appropriate Federal banking agency'' has the 
        meaning given the term in section 3(q) of the Federal Deposit 
        Insurance Act (12 U.S.C. 1813(q));
            (3) the term ``human trafficking'' means--
                    (A) sex trafficking in which a commercial sex act 
                is induced by force, fraud, or coercion, or in which 
                the person induced to perform such act has not attained 
                18 years of age; or
                    (B) the recruitment, harboring, transportation, 
                provision, or obtaining of a person for labor or 
                services, through the use of force, fraud, or coercion 
                for the purpose of subjection to involuntary servitude, 
                peonage, debt bondage, or slavery;
            (4) the term ``Interagency Task Force to Monitor and Combat 
        Trafficking'' means the Interagency Task Force to Monitor and 
        Combat Trafficking established by the President pursuant to 
        section 105 of the Victims of Trafficking and Violence 
        Protection Act of 2000 (22 U.S.C. 7103); and
            (5) the term ``law enforcement agency'' means an agency of 
        the United States, a State, or a political subdivision of a 
        State, authorized by law or by a government agency to engage in 
        or supervise the prevention, detection, investigation, or 
        prosecution of any violation of criminal or civil law.
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