Title: The INCSR Improvement Act
Policy area: International Affairs

Summary:
The INCSR Improvement Act
This bill adds a requirement to the President's annual international narcotics control strategy report, which currently includes information on adoption of law and regulations to prevent narcotics-related money laundering in countries determined to be major money laundering countries. The additional requirement is to provide examples of improvement in each country in preventing narcotics-related money laundering, where such information is available.

[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[H.R. 8798 Introduced in House (IH)]

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117th CONGRESS
  2d Session
                                H. R. 8798

 To require the reporting of certain improvements in the International 
       Narcotics Control Strategy Report, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           September 9, 2022

  Ms. Waters introduced the following bill; which was referred to the 
                      Committee on Foreign Affairs

_______________________________________________________________________

                                 A BILL


 
 To require the reporting of certain improvements in the International 
       Narcotics Control Strategy Report, 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 ``The INCSR Improvement Act''.

SEC. 2. IMPROVEMENTS BY COUNTRIES IN COMBATING NARCOTICS-RELATED MONEY 
              LAUNDERING.

    Section 489(a)(7) of the Foreign Assistance Act of 1961 (22 U.S.C. 
2291h(a)(7)) is amended--
            (1) in the matter before subparagraph (A), by striking 
        ``paragraph (3)(D)'' and inserting ``paragraph (3)(C)''; and
            (2) by inserting after subparagraph (C) the following:
                    ``(D) Where the information is available, examples 
                of improvements in each country related to the findings 
                described in each of clauses (i) through (viii) of 
                subparagraph (C), such as--
                            ``(i) actions taken by the country due to 
                        each country's adoption of law and regulations 
                        considered essential to prevent narcotics-
                        related money laundering;
                            ``(ii) enhanced enforcement actions taken 
                        by the country, such as regulatory penalties, 
                        criminal prosecutions and convictions, and 
                        asset seizures and forfeitures;
                            ``(iii) status changes in international 
                        financial crime-related evaluations;
                            ``(iv) other descriptions that are 
                        representative of efforts to enhance the 
                        prevention of narcotics-related money 
                        laundering; and
                            ``(v) if applicable, bilateral, 
                        multilateral, and regional initiatives which 
                        have been undertaken to prevent narcotics-
                        related money laundering.''.
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