National Strategy for Combating the Financing of Transnational Criminal Organizations Act

Bill: 115-hr-4768
Sponsor: full_name: Rep. Kustoff, David [R-TN-8]
Introduced: 2018-01-11
Policy area: Crime and Law Enforcement
Subjects: Banking and financial institutions regulation

Computer security and identity theft

Congressional oversight

Criminal investigation, prosecution, interrogation

Currency

Drug trafficking and controlled substances

Fraud offenses and financial crimes

Human trafficking

International organizations and cooperation

Law enforcement administration and funding

Organized crime

Terrorism
Latest action: action_date: 2018-03-07
text: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Summaries:
action_date: 2018-01-11
action_desc: Introduced in House
text: <p><b>National Strategy for Combating the Financing of Transnational Criminal Organizations Act</b></p> <p>This bill directs the Department of the Treasury to develop a national strategy to combat the financial networks of transnational organized criminals.</p>

action_date: 2018-02-13
action_desc: Reported to House with amendment(s)
text: <p><b>National Strategy for Combating the Financing of Transnational Criminal Organizations Act</b></p> <p>(Sec. 2) This bill directs the Department of the Treasury, in consultation with various U.S. agencies and departments, to develop a national strategy to combat the financial networks of transnational organized criminals.</p> <p>Treasury must submit to Congress and regularly update the national strategy.</p> <p>(Sec. 3) The national strategy must: </p> <ul> <li>identify and assess the most significant transnational organized crime threats;</li> <li>identify the individuals, entities, and networks that financially support or facilitate transnational organized criminals and assess the scope of such support;</li> <li>assess the methods by which transnational organized crime groups launder illicit proceeds;</li> <li>describe the roles of U.S. agencies and departments to combat the financing and financial facilitation of transnational organized crime groups; and</li> <li>review current efforts and proposed changes to combat the financing or financial facilitation of transnational organized crime.</li> </ul> </p>

action_date: 2018-03-06
action_desc: Passed House amended
text: <p>(This measure has not been amended since it was reported to the House on February 13, 2018. The summary of that version is repeated here.)</p> <p><b>National Strategy for Combating the Financing of Transnational Criminal Organizations Act</b></p> <p>(Sec. 2) This bill directs the Department of the Treasury, in consultation with various U.S. agencies and departments, to develop a national strategy to combat the financial networks of transnational organized criminals.</p> <p>Treasury must submit to Congress and regularly update the national strategy.</p> <p>(Sec. 3) The national strategy must: </p> <ul> <li>identify and assess the most significant transnational organized crime threats;</li> <li>identify the individuals, entities, and networks that financially support or facilitate transnational organized criminals and assess the scope of such support;</li> <li>assess the methods by which transnational organized crime groups launder illicit proceeds;</li> <li>describe the roles of U.S. agencies and departments to combat the financing and financial facilitation of transnational organized crime groups; and</li> <li>review current efforts and proposed changes to combat the financing or financial facilitation of transnational organized crime.</li> </ul> </p>

tv_txt: I 115th CONGRESS 2d Session H. R. 4768 IN THE HOUSE OF REPRESENTATIVES January 11, 2018 Mr. Kustoff of Tennessee (for himself and Ms. Sinema ) introduced the following bill; which was referred to the Committee on Financial Services A BILL To require the President to develop a national strategy to combat the financial networks of transnational organized criminals, and for other purposes.

1. Short title This Act may be cited as the National Strategy for Combating the Financing of Transnational Criminal Organizations Act . 2. National strategy (a) In general The President, acting through the Secretary of the Treasury, shall, in consultation with the Attorney General, the Secretary of State, the Secretary of Homeland Security, the Director of National Intelligence, the Secretary of Defense, the Director of the Drug Enforcement Administration, the Commissioner of Customs and Border Protection, the Director of the Office of National Drug Control Policy, and the Federal functional regulators, develop a national strategy to combat the financial networks of transnational organized criminals. (b) Transmittal to Congress (1) In general Not later than one year after the enactment of this Act, the President shall submit to the appropriate Congressional committees and make available to the relevant government agencies as defined in subsection (a), a comprehensive national strategy in accordance with subsection (a). (2) Updates After the initial submission of the national strategy under paragraph (1), the President shall, not less often than every 2 years, update the national strategy and submit the updated strategy to the appropriate Congressional committees. (c) Separate presentation of classified material Any part of the national strategy that involves information that is properly classified under criteria established by the President shall be submitted to Congress separately in a classified annex and, if requested by the chairman or ranking member of one of the appropriate Congressional committees, as a briefing at an appropriate level of security. 3. Contents of national strategy The national strategy described in section 2 shall contain the following: (1) Threats An identification and assessment of the most significant current transnational organized crime threats posed to the national security of the United States, including drug and human trafficking organizations, cyber criminals, and other relevant entities, including those identified in the President’s Strategy to Combat Transnational Organized Crime (published July 2011). (2) Illicit finance (A) An identification of individuals, entities, and networks that provide financial support or financial facilitation to transnational organized crime groups, and an assessment of the scope and role of those providing financial support to transnational organized crime groups. (B) An assessment of methods by which transnational organized crime groups launder illicit proceeds, including trade-based money laundering, bulk cash smuggling, exploitation of shell companies, and misuse of digital currencies and other cyber technologies, as well as an assessment of the risk to the financial system of the United States of such methods. (3) Goals, objectives, priorities, and actions (A) A comprehensive, research-based, quantifiable discussion of short-term and long-term goals, objectives, priorities, and actions, listed for each department and agency described under section 2(a), for combating the financing of transnational organized crime groups and their facilitators. (B) A description of how the strategy is integrated into, and supports, the national security strategy, drug control strategy, and counterterrorism strategy of the United States. (4) Reviews and proposed changes A review of current efforts to combat the financing or financial facilitation of transnational organized crime, including efforts to detect, deter, disrupt, and prosecute transnational organized crime groups and their supporters, and, if appropriate, proposed changes to any law or regulation determined to be appropriate to ensure that the United States pursues coordinated and effective efforts within the jurisdiction of the United States, including efforts or actions that are being taken or can be taken by financial institutions, efforts in cooperation with international partners of the United States, and efforts that build partnerships and global capacity to combat transnational organized crime. 4. Definitions In this Act: (1) Appropriate congressional committees The term appropriate congressional committees means— (A) the Committee on Financial Services, the Committee on Foreign Affairs, the Committee on Armed Services, the Committee on the Judiciary, the Committee on Homeland Security, 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, the Committee on Armed Services, the Committee on the Judiciary, the Committee on Homeland Security and Governmental Affairs, and the Select Committee on Intelligence of the Senate. (2) Federal functional regulator 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 ). (3) Transnational organized crime The term transnational organized crime refers to those self-perpetuating associations of individuals who operate transnationally for the purpose of obtaining power, influence, monetary or commercial gains, wholly or in part by illegal means, while— (A) protecting their activities through a pattern of corruption or violence; or (B) while protecting their illegal activities through a transnational organizational structure and the exploitation of transnational commerce or communication mechanisms.

tv_txt: IB Union Calendar No. 415 115th CONGRESS 2d Session H. R. 4768 [Report No. 115–553] IN THE HOUSE OF REPRESENTATIVES January 11, 2018 Mr. Kustoff of Tennessee (for himself and Ms. Sinema ) introduced the following bill; which was referred to the Committee on Financial Services February 13, 2018 Additional sponsors: Ms. Tenney and Mr. Messer February 13, 2018 Reported with amendments, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed Omit the part struck through and insert the part printed in italic A BILL To require the President to develop a national strategy to combat the financial networks of transnational organized criminals, and for other purposes.

1. Short title This Act may be cited as the National Strategy for Combating the Financing of Transnational Criminal Organizations Act . 2. National strategy (a) In general The President, acting through the Secretary of the Treasury, shall, in consultation with the Attorney General, the Secretary of State, the Secretary of Homeland Security, the Director of National Intelligence, the Secretary of Defense, the Director the Director of the Financial Crimes Enforcement Network, the Director of the United States Secret Service, the Director of the Federal Bureau of Investigation, the Administrator of the Drug Enforcement Administration, the Commissioner of Customs and Border Protection, the Director of the Office of National Drug Control Policy, and the Federal functional regulators, develop a national strategy to combat the financial networks of transnational organized criminals. (b) Transmittal to Congress (1) In general Not later than one year after the enactment of this Act, the President shall submit to the appropriate Congressional committees and make available to the relevant government agencies as defined in subsection (a), a comprehensive national strategy in accordance with subsection (a). (2) Updates After the initial submission of the national strategy under paragraph (1), the President shall, not less often than every 2 years, update the national strategy and submit the updated strategy to the appropriate Congressional committees. (c) Separate presentation of classified material Any part of the national strategy that involves information that is properly classified under criteria established by the President shall be submitted to Congress separately in a classified annex and, if requested by the chairman or ranking member of one of the appropriate Congressional committees, as a briefing at an appropriate level of security. 3. Contents of national strategy The national strategy described in section 2 shall contain the following: (1) Threats An identification and assessment of the most significant current transnational organized crime threats posed to the national security of the United States or to the U.S. and international financial system , including drug and human trafficking organizations, cyber criminals, kleptocrats, and other relevant state and non-state entities, including those threats identified in the President’s Strategy to Combat Transnational Organized Crime (published July 2011). (2) Illicit finance (A) An identification of individuals, entities, and networks (including terrorist organizations, if any) that provide financial support or financial facilitation to transnational organized crime groups, and an assessment of the scope and role of those providing financial support to transnational organized crime groups. (B) An assessment of methods by which transnational organized crime groups launder illicit proceeds, including money laundering using real estate and other tangible goods such as art and antiquities, trade-based money laundering, bulk cash smuggling, exploitation of shell companies, and misuse of digital currencies and other cyber technologies, as well as an assessment of the risk to the financial system of the United States of such methods. (3) Goals, objectives, priorities, and actions (A) A comprehensive, research-based , quantifiable discussion of short-term and long-term goals, objectives, priorities, and actions, listed for each department and agency described under section 2(a), for combating the financing of transnational organized crime groups and their facilitators. (B) A description of how the strategy is integrated into, and supports, the national security strategy, drug control strategy, and counterterrorism strategy of the United States. (4) Reviews and proposed changes A review of current efforts to combat the financing or financial facilitation of transnational organized crime, including efforts to detect, deter, disrupt, and prosecute transnational organized crime groups and their supporters, and, if appropriate, proposed changes to any law or regulation determined to be appropriate to ensure that the United States pursues coordinated and effective efforts within the jurisdiction of the United States, including efforts or actions that are being taken or can be taken by financial institutions, efforts in cooperation with international partners of the United States, and efforts that build partnerships and global capacity to combat transnational organized crime. 4. Definitions In this Act: (1) Appropriate congressional committees The term appropriate congressional committees means— (A) the Committee on Financial Services, the Committee on Foreign Affairs, the Committee on Armed Services, the Committee on the Judiciary, the Committee on Homeland Security, 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, the Committee on Armed Services, the Committee on the Judiciary, the Committee on Homeland Security and Governmental Affairs, and the Select Committee on Intelligence of the Senate. (2) Federal functional regulator 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 ). (3) Transnational organized crime The term transnational organized crime refers to those self-perpetuating associations of individuals who operate transnationally for the purpose of obtaining power, influence, monetary or commercial gains, wholly or in part by illegal means, while— (A) protecting their activities through a pattern of corruption or violence; or (B) while protecting their illegal activities through a transnational organizational structure and the exploitation of transnational commerce or communication mechanisms.

February 13, 2018 Reported with amendments, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed

tv_txt: IB 115th CONGRESS 2d Session H. R. 4768 IN THE HOUSE OF REPRESENTATIVES AN ACT To require the President to develop a national strategy to combat the financial networks of transnational organized criminals, and for other purposes.

1. Short title This Act may be cited as the National Strategy for Combating the Financing of Transnational Criminal Organizations Act . 2. National strategy (a) In general The President, acting through the Secretary of the Treasury, shall, in consultation with the Attorney General, the Secretary of State, the Secretary of Homeland Security, the Director of National Intelligence, the Secretary of Defense, the Director of the Financial Crimes Enforcement Network, the Director of the United States Secret Service, the Director of the Federal Bureau of Investigation, the Administrator of the Drug Enforcement Administration, the Commissioner of Customs and Border Protection, the Director of the Office of National Drug Control Policy, and the Federal functional regulators, develop a national strategy to combat the financial networks of transnational organized criminals. (b) Transmittal to Congress (1) In general Not later than 1 year after the enactment of this Act, the President shall submit to the appropriate Congressional committees and make available to the relevant government agencies as defined in subsection (a), a comprehensive national strategy in accordance with subsection (a). (2) Updates After the initial submission of the national strategy under paragraph (1), the President shall, not less often than every 2 years, update the national strategy and submit the updated strategy to the appropriate Congressional committees. (c) Separate presentation of classified material Any part of the national strategy that involves information that is properly classified under criteria established by the President shall be submitted to Congress separately in a classified annex and, if requested by the chairman or ranking member of one of the appropriate Congressional committees, as a briefing at an appropriate level of security. 3. Contents of national strategy The national strategy described in section 2 shall contain the following: (1) Threats An identification and assessment of the most significant current transnational organized crime threats posed to the national security of the United States or to the U.S. and international financial system, including drug and human trafficking organizations, cyber criminals, kleptocrats, and other relevant state and non-state entities, including those threats identified in the President’s Strategy to Combat Transnational Organized Crime (published July 2011). (2) Illicit finance (A) An identification of individuals, entities, and networks (including terrorist organizations, if any) that provide financial support or financial facilitation to transnational organized crime groups, and an assessment of the scope and role of those providing financial support to transnational organized crime groups. (B) An assessment of methods by which transnational organized crime groups launder illicit proceeds, including money laundering using real estate and other tangible goods such as art and antiquities, trade-based money laundering, bulk cash smuggling, exploitation of shell companies, and misuse of digital currencies and other cyber technologies, as well as an assessment of the risk to the financial system of the United States of such methods. (3) Goals, objectives, priorities, and actions (A) A comprehensive, research-based discussion of short-term and long-term goals, objectives, priorities, and actions, listed for each department and agency described under section 2(a), for combating the financing of transnational organized crime groups and their facilitators. (B) A description of how the strategy is integrated into, and supports, the national security strategy, drug control strategy, and counterterrorism strategy of the United States. (4) Reviews and proposed changes A review of current efforts to combat the financing or financial facilitation of transnational organized crime, including efforts to detect, deter, disrupt, and prosecute transnational organized crime groups and their supporters, and, if appropriate, proposed changes to any law or regulation determined to be appropriate to ensure that the United States pursues coordinated and effective efforts within the jurisdiction of the United States, including efforts or actions that are being taken or can be taken by financial institutions, efforts in cooperation with international partners of the United States, and efforts that build partnerships and global capacity to combat transnational organized crime. 4. Definitions In this Act: (1) Appropriate congressional committees The term appropriate congressional committees means— (A) the Committee on Financial Services, the Committee on Foreign Affairs, the Committee on Armed Services, the Committee on the Judiciary, the Committee on Homeland Security, 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, the Committee on Armed Services, the Committee on the Judiciary, the Committee on Homeland Security and Governmental Affairs, and the Select Committee on Intelligence of the Senate. (2) Federal functional regulator 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 ). (3) Transnational organized crime The term transnational organized crime refers to those self-perpetuating associations of individuals who operate transnationally for the purpose of obtaining power, influence, monetary or commercial gains, wholly or in part by illegal means, while— (A) protecting their activities through a pattern of corruption or violence; or (B) while protecting their illegal activities through a transnational organizational structure and the exploitation of transnational commerce or communication mechanisms.

Passed the House of Representatives March 6, 2018. Karen L. Haas, Clerk.

tv_txt: IIB 115th CONGRESS 2d Session H. R. 4768 IN THE SENATE OF THE UNITED STATES March 7, 2018 Received; read twice and referred to the Committee on Banking, Housing, and Urban Affairs AN ACT To require the President to develop a national strategy to combat the financial networks of transnational organized criminals, and for other purposes.

1. Short title This Act may be cited as the National Strategy for Combating the Financing of Transnational Criminal Organizations Act . 2. National strategy (a) In general The President, acting through the Secretary of the Treasury, shall, in consultation with the Attorney General, the Secretary of State, the Secretary of Homeland Security, the Director of National Intelligence, the Secretary of Defense, the Director of the Financial Crimes Enforcement Network, the Director of the United States Secret Service, the Director of the Federal Bureau of Investigation, the Administrator of the Drug Enforcement Administration, the Commissioner of Customs and Border Protection, the Director of the Office of National Drug Control Policy, and the Federal functional regulators, develop a national strategy to combat the financial networks of transnational organized criminals. (b) Transmittal to Congress (1) In general Not later than 1 year after the enactment of this Act, the President shall submit to the appropriate Congressional committees and make available to the relevant government agencies as defined in subsection (a), a comprehensive national strategy in accordance with subsection (a). (2) Updates After the initial submission of the national strategy under paragraph (1), the President shall, not less often than every 2 years, update the national strategy and submit the updated strategy to the appropriate Congressional committees. (c) Separate presentation of classified material Any part of the national strategy that involves information that is properly classified under criteria established by the President shall be submitted to Congress separately in a classified annex and, if requested by the chairman or ranking member of one of the appropriate Congressional committees, as a briefing at an appropriate level of security. 3. Contents of national strategy The national strategy described in section 2 shall contain the following: (1) Threats An identification and assessment of the most significant current transnational organized crime threats posed to the national security of the United States or to the U.S. and international financial system, including drug and human trafficking organizations, cyber criminals, kleptocrats, and other relevant state and non-state entities, including those threats identified in the President’s Strategy to Combat Transnational Organized Crime (published July 2011). (2) Illicit finance (A) An identification of individuals, entities, and networks (including terrorist organizations, if any) that provide financial support or financial facilitation to transnational organized crime groups, and an assessment of the scope and role of those providing financial support to transnational organized crime groups. (B) An assessment of methods by which transnational organized crime groups launder illicit proceeds, including money laundering using real estate and other tangible goods such as art and antiquities, trade-based money laundering, bulk cash smuggling, exploitation of shell companies, and misuse of digital currencies and other cyber technologies, as well as an assessment of the risk to the financial system of the United States of such methods. (3) Goals, objectives, priorities, and actions (A) A comprehensive, research-based discussion of short-term and long-term goals, objectives, priorities, and actions, listed for each department and agency described under section 2(a), for combating the financing of transnational organized crime groups and their facilitators. (B) A description of how the strategy is integrated into, and supports, the national security strategy, drug control strategy, and counterterrorism strategy of the United States. (4) Reviews and proposed changes A review of current efforts to combat the financing or financial facilitation of transnational organized crime, including efforts to detect, deter, disrupt, and prosecute transnational organized crime groups and their supporters, and, if appropriate, proposed changes to any law or regulation determined to be appropriate to ensure that the United States pursues coordinated and effective efforts within the jurisdiction of the United States, including efforts or actions that are being taken or can be taken by financial institutions, efforts in cooperation with international partners of the United States, and efforts that build partnerships and global capacity to combat transnational organized crime. 4. Definitions In this Act: (1) Appropriate congressional committees The term appropriate congressional committees means— (A) the Committee on Financial Services, the Committee on Foreign Affairs, the Committee on Armed Services, the Committee on the Judiciary, the Committee on Homeland Security, 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, the Committee on Armed Services, the Committee on the Judiciary, the Committee on Homeland Security and Governmental Affairs, and the Select Committee on Intelligence of the Senate. (2) Federal functional regulator 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 ). (3) Transnational organized crime The term transnational organized crime refers to those self-perpetuating associations of individuals who operate transnationally for the purpose of obtaining power, influence, monetary or commercial gains, wholly or in part by illegal means, while— (A) protecting their activities through a pattern of corruption or violence; or (B) while protecting their illegal activities through a transnational organizational structure and the exploitation of transnational commerce or communication mechanisms.

Passed the House of Representatives March 6, 2018. Karen L. Haas, Clerk