End Banking for Human Traffickers Act of 2018

Bill: 115-hr-2219
Sponsor: full_name: Rep. Royce, Edward R. [R-CA-39]
Introduced: 2017-04-27
Policy area: Finance and Financial Sector
Subjects: Banking and financial institutions regulation

Congressional oversight

Crime victims

Criminal investigation, prosecution, interrogation

Criminal justice information and records

Department of the Treasury

Executive agency funding and structure

Federal officials

Fraud offenses and financial crimes

Human trafficking

International organizations and cooperation

Sex offenses
Latest action: action_date: 2018-04-11
text: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Summaries:
action_date: 2017-04-27
action_desc: Introduced in House
text: <p><strong>End Banking for Human Traffickers Act of 2017</strong></p> <p>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&nbsp;for the revision of&nbsp;anti-money laundering programs to specifically target money laundering related to human trafficking.</p> <p>The Federal Financial Institutions Examination Council&nbsp;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.</p> <p>The Department of State must report on: (1)&nbsp;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.</p>

action_date: 2018-02-20
action_desc: Reported to House amended, Part I
text: <p><strong>End Banking for Human Traffickers Act of 2017</strong></p> <p>(Sec. 2) 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&nbsp;for the revision of&nbsp;anti-money laundering programs specifically targeting human trafficking.</p> <p>The Federal Financial Institutions Examination Council&nbsp;must: (1) review and enhance training and procedures to improve the capability of specified programs to target human-trafficking-related financial transactions, (2) review and enhance procedures for referring potential human trafficking cases to the appropriate law enforcement agency, and (3) determine&nbsp;whether&nbsp;financial institution requirements are sufficient to detect and deter money laundering related to&nbsp;human trafficking. </p> <p>(Sec. 3) The Office of Terrorism and Financial Intelligence must coordinate with other specified agencies to combat the illicit financing of human trafficking.</p> <p>(Sec. 4) The bill amends the Trafficking Victims Protection Act of 2000 to require the task force to report on efforts to eliminate money laundering related to human trafficking. </p>

action_date: 2018-02-23
action_desc: Reported to House amended, Part II
text: <p><strong>End Banking for Human Traffickers Act of 2017</strong></p> <p>(Sec. 2) 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&nbsp;for the revision of&nbsp;anti-money laundering programs to specifically target money laundering related to human trafficking.</p> <p>The Federal Financial Institutions Examination Council&nbsp;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.</p> <p>The Department of State must report on: (1)&nbsp;U.S. 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.</p> <p>(Sec. 3) The bill amends the Trafficking Victims Protection Act of 2000 to provide additional criteria&nbsp;to be considered by&nbsp;the State Department to indicate a country's serious and sustained efforts to eliminate human trafficking. Specifically, the bill adds criteria regarding whether a country has&nbsp;taken or is taking steps to implement a framework for preventing financial transactions involving human trafficking.</p>

action_date: 2018-04-10
action_desc: Passed House amended
text: <p><strong>End Banking for Human Traffickers Act of 201</strong><b>8</b></p> <p>(Sec. 2) 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&nbsp;for the revision of&nbsp;anti-money laundering programs specifically targeting severe forms of human trafficking.</p> <p>The Federal Financial Institutions Examination Council&nbsp;must: (1) review and enhance training and procedures to improve the capability of specified programs to target financial transactions relating to severe forms of human trafficking, (2) review and enhance procedures for referring potential severe human trafficking cases to the appropriate law enforcement agency, and (3) determine&nbsp;whether&nbsp;financial institution requirements are sufficient to detect and deter money laundering related to&nbsp;severe forms of human trafficking. </p> <p>(Sec. 3) The Office of Terrorism and Financial Intelligence must coordinate with other specified agencies to combat the illicit financing relating to severe forms of human trafficking.</p> <p>(Sec. 4) The bill amends the Trafficking Victims Protection Act of 2000 to require the task force to report on efforts to eliminate money laundering related to severe forms of human trafficking. </p> <p>(Sec. 5) The bill provides additional criteria to be considered by the State Department to indicate a country's serious and sustained efforts to eliminate human trafficking. Specifically, the bill adds criteria regarding whether a country has taken or is taking steps to implement a framework for preventing financial transactions involving severe forms of human trafficking.</p>

tv_txt: I 115th CONGRESS 1st Session H. R. 2219 IN THE HOUSE OF REPRESENTATIVES April 27, 2017 Mr. Royce of California (for himself, Mr. Keating , Mrs. Carolyn B. Maloney of New York , and Mrs. Love ) introduced the following bill; which was referred to the Committee on Foreign Affairs , and in addition to the Committee on Financial Services , for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned A BILL To increase the role of the financial industry in combating human trafficking.

1. Short title This Act may be cited as the End Banking for Human Traffickers Act of 2017 . 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 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 Secretary of State, in consultation with the Attorney General and 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 rulemaking 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.

tv_txt: IB Union Calendar No. 439 115th CONGRESS 2d Session H. R. 2219 [Report No. 115–569, Parts I and II] IN THE HOUSE OF REPRESENTATIVES April 27, 2017 Mr. Royce of California (for himself, Mr. Keating , Mrs. Carolyn B. Maloney of New York , and Mrs. Love ) introduced the following bill; which was referred to the Committee on Foreign Affairs , and in addition to the Committee on Financial Services , for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned February 20, 2018 Reported from the Committee on Financial Services with amendments Omit the part struck through and insert the part printed in italic February 23, 2018 Additional sponsors: Mr. Meehan , Mr. Fitzpatrick , Ms. Sinema , Mr. Delaney , Mr. Meeks , Mrs. Beatty , Mr. Lynch , Mr. Messer , Mr. Sires , Mr. Hultgren , Mr. Poe of Texas , and Mr. Gottheimer February 23, 2018 Reported from the Committee on Foreign Affairs with an amendment; committed to the Committee of the Whole House on the State of the Union and ordered to be printed Strike out all after the enacting clause and insert the part printed in boldface roman For text of introduced bill, see copy of bill as introduced on April 27, 2017 A BILL To increase the role of the financial industry in combating human trafficking.

1. Short title This Act may be cited as the End Banking for Human Traffickers Act of 2017 . 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 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 Secretary of State, in consultation with the Attorney General and 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. . (b) Required review of procedures Not later than 180 days after the date of the enactment of this Act, the Financial Institutions Examination Council, in consultation with the Secretary of the Treasury, the private sector, and appropriate law enforcement agencies, shall— (1) review and enhance training and examinations procedures to improve the capabilities of anti-money laundering and countering the financing of terrorism programs to detect human trafficking-related financial transactions; (2) review and enhance procedures for referring potential human trafficking cases to the appropriate law enforcement agency; and (3) determine, as appropriate, whether requirements for financial institutions are sufficient to detect and deter money laundering related to human trafficking. (c) Interagency task force recommendations targeting money laundering related to human trafficking (1) In general Not later than 270 days after the date of the enactment of this Act, the Interagency Task Force to Monitor and Combat Trafficking shall submit to the Committee on Financial Services and the Committee on the Judiciary of the House of Representatives, the Committee on Banking, Housing, and Urban Affairs and the Committee on the Judiciary of the Senate, and the head of each appropriate Federal banking agency— (A) an analysis of anti-money laundering efforts of the United States Government and United States financial institutions related to human trafficking; and (B) appropriate legislative, administrative, and other recommendations to strengthen efforts against money laundering relating to human trafficking. (2) Required recommendations The recommendations under paragraph (1) shall include— (A) feedback from financial institutions on best practices of successful anti-human trafficking programs currently in place that may be suitable for broader adoption by similarly situated financial institutions; (B) feedback from stakeholders, including trafficking victims and financial institutions, on policy proposals derived from the analysis conducted by the task force referred to in paragraph (1) that would enhance the efforts and programs of financial institutions to detect and deter money laundering related to human trafficking, including any recommended changes to internal policies, procedures, and controls related to human trafficking; (C) any recommended changes to training programs at financial institutions to better equip employees to deter and detect money laundering related to human trafficking; (D) any recommended changes to expand human trafficking-related information sharing among financial institutions and between such financial institutions, appropriate law enforcement agencies, and appropriate Federal agencies; and (E) recommended changes, if necessary, to existing statutory law to more effectively detect and deter money laundering related to human trafficking, where such money laundering involves the use of emerging technologies and virtual currencies. (e) (d) Limitation Nothing in this Act shall be construed to grant rulemaking authority to the Interagency Task Force to Monitor and Combat Trafficking. (f) (e) 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) (1) 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) (2) 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) (3) 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) (4) 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. 3. Coordination of human trafficking issues by the Office of Terrorism and Financial Intelligence (a) Functions Section 312(a)(4) of title 31, United States Code, is amended— (1) by redesignating subparagraphs (E), (F), and (G) as subparagraphs (F), (G), and (H), respectively; and (2) by inserting after subparagraph (D) the following: (E) combating illicit financing relating to human trafficking; . (b) Interagency coordination Section 312(a) of title 31, United States Code, is amended by adding at the end the following: (8) Interagency coordination The Secretary of the Treasury, after consultation with the Undersecretary for Terrorism and Financial Crimes, shall designate an office within the OTFI that shall coordinate efforts to combat the illicit financing of human trafficking with— (A) other offices of the Department of the Treasury; (B) other Federal agencies, including— (i) the Office to Monitor and Combat Trafficking in Persons of the Department of State; and (ii) the Interagency Task Force to Monitor and Combat Trafficking; (C) State and local law enforcement agencies; and (D) foreign governments. . 4. Additional reporting requirement under the Trafficking Victims Protection Act of 2000 Section 105(d)(7) of the Trafficking Victims Protection Act of 2000 ( 22 U.S.C. 7103(d)(7) ) is amended— (1) in the matter preceding subparagraph (A)— (A) by inserting the Committee on Financial Services, after the Committee on Foreign Affairs, ; and (B) by inserting the Committee on Banking, Housing, and Urban Affairs, after the Committee on Foreign Relations, ; (2) in subparagraph (Q)(vii), by striking ; and and inserting a semicolon; (3) in subparagraph (R), by striking the period at the end and inserting ; and ; and (4) by adding at the end the following: (S) the 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. .

1. Short title This Act may be cited as the End Banking for Human Traffickers Act of 2017 . 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 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 Secretary of State, in consultation with the Attorney General and 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 rulemaking 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. 3. Minimum standards for the elimination of trafficking Section 108(b) of the Trafficking Victims Protection Act of 2000 ( 22 U.S.C. 7106(b) ) is amended by adding at the end the following new paragraph: (13) Whether the government of the country, consistent with the capacity of the country, has in effect a framework to prevent financial transactions involving the proceeds of severe forms of trafficking in persons, and is taking steps to implement such a framework, including by investigating, prosecuting, convicting, and sentencing individuals who attempt or conduct such transactions. .

February 23, 2018 Reported from the Committee on Foreign Affairs with an amendment; committed to the Committee of the Whole House on the State of the Union and ordered to be printed

tv_txt: I 115th CONGRESS 2d Session H. R. 2219 IN THE HOUSE OF REPRESENTATIVES AN ACT To increase the role of the financial industry in combating human trafficking.

1. Short title This Act may be cited as the End Banking for Human Traffickers Act of 2018 . 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 the enactment of this Act, the Financial Institutions Examination Council, in consultation with the Secretary of the Treasury, the private sector, and appropriate law enforcement agencies, shall— (1) review and enhance training and examinations procedures to improve the capabilities of anti-money laundering and countering the financing of terrorism programs to detect financial transactions relating to severe forms of trafficking in persons; (2) review and enhance procedures for referring potential cases relating to severe forms of trafficking in persons to the appropriate law enforcement agency; and (3) determine, as appropriate, whether requirements for financial institutions are sufficient to detect and deter money laundering relating to severe forms of trafficking in persons. (c) Interagency task force recommendations targeting money laundering related to human trafficking (1) In general Not later than 270 days after the date of the enactment of this Act, the Interagency Task Force to Monitor and Combat Trafficking shall submit to the Committee on Financial Services and the Committee on the Judiciary of the House of Representatives, the Committee on Banking, Housing, and Urban Affairs and the Committee on the Judiciary of the Senate, and the head of each appropriate Federal banking agency— (A) an analysis of anti-money laundering efforts of the United States Government and United States financial institutions relating to severe forms of trafficking in persons; and (B) appropriate legislative, administrative, and other recommendations to strengthen efforts against money laundering relating to severe forms of trafficking in persons. (2) Required recommendations The recommendations under paragraph (1) shall include— (A) feedback from financial institutions on best practices of successful programs to combat severe forms of trafficking in persons currently in place that may be suitable for broader adoption by similarly situated financial institutions; (B) feedback from stakeholders, including victims of severe forms of trafficking in persons and financial institutions, on policy proposals derived from the analysis conducted by the task force referred to in paragraph (1) that would enhance the efforts and programs of financial institutions to detect and deter money laundering relating to severe forms of trafficking in persons, including any recommended changes to internal policies, procedures, and controls relating to severe forms of trafficking in persons; (C) any recommended changes to training programs at financial institutions to better equip employees to deter and detect money laundering relating to severe forms of trafficking in persons; (D) any recommended changes to expand information sharing relating to severe forms of trafficking in persons among financial institutions and between such financial institutions, appropriate law enforcement agencies, and appropriate Federal agencies; and (E) recommended changes, if necessary, to existing statutory law to more effectively detect and deter money laundering relating to severe forms of trafficking in persons, where such money laundering involves the use of emerging technologies and virtual currencies. (d) Limitation Nothing in this Act shall be construed to grant rulemaking authority to the Interagency Task Force to Monitor and Combat Trafficking. (e) Definitions As used in this section— (1) 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) ); (2) the term severe forms of trafficking in persons has the meaning given such term in section 103 of the Trafficking Victims Protection Act of 2000 ( 22 U.S.C. 7102 ); (3) 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 (4) 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. 3. Coordination of human trafficking issues by the Office of Terrorism and Financial Intelligence (a) Functions Section 312(a)(4) of title 31, United States Code, is amended— (1) by redesignating subparagraphs (E), (F), and (G) as subparagraphs (F), (G), and (H), respectively; and (2) by inserting after subparagraph (D) the following: (E) combating illicit financing relating to severe forms of trafficking in persons; . (b) Interagency coordination Section 312(a) of title 31, United States Code, is amended by adding at the end the following: (8) Interagency coordination The Secretary of the Treasury, after consultation with the Undersecretary for Terrorism and Financial Crimes, shall designate an office within the OTFI that shall coordinate efforts to combat the illicit financing of severe forms of trafficking in persons with— (A) other offices of the Department of the Treasury; (B) other Federal agencies, including— (i) the Office to Monitor and Combat Trafficking in Persons of the Department of State; and (ii) the Interagency Task Force to Monitor and Combat Trafficking; (C) State and local law enforcement agencies; and (D) foreign governments. . (c) Definition Section 312(a) of title 31, United States Code, as amended by this section, is further amended by adding at the end the following: (9) Definition In this subsection, the term severe forms of trafficking in persons has the meaning given such term in section 103 of the Trafficking Victims Protection Act of 2000 ( 22 U.S.C. 7102 ). . 4. Additional reporting requirement under the Trafficking Victims Protection Act of 2000 Section 105(d)(7) of the Trafficking Victims Protection Act of 2000 ( 22 U.S.C. 7103(d)(7) ) is amended— (1) in the matter preceding subparagraph (A)— (A) by inserting the Committee on Financial Services, after the Committee on Foreign Affairs, ; and (B) by inserting the Committee on Banking, Housing, and Urban Affairs, after the Committee on Foreign Relations, ; (2) in subparagraph (Q)(vii), by striking ; and and inserting a semicolon; (3) in subparagraph (R), by striking the period at the end and inserting ; and ; and (4) by adding at the end the following: (S) the efforts of the United States to eliminate money laundering relating to severe forms of trafficking in persons and the number of investigations, arrests, indictments, and convictions in money laundering cases with a nexus to severe forms of trafficking in persons. . 5. Minimum standards for the elimination of trafficking Section 108(b) of the Trafficking Victims Protection Act of 2000 ( 22 U.S.C. 7106(b) ) is amended by adding at the end the following new paragraph: (13) Whether the government of the country, consistent with the capacity of the country, has in effect a framework to prevent financial transactions involving the proceeds of severe forms of trafficking in persons, and is taking steps to implement such a framework, including by investigating, prosecuting, convicting, and sentencing individuals who attempt or conduct such transactions. .

Passed the House of Representatives April 10, 2018. Karen L. Haas, Clerk.

tv_txt: IIB 115th CONGRESS 2d Session H. R. 2219 IN THE SENATE OF THE UNITED STATES April 11, 2018 Received; read twice and referred to the Committee on Banking, Housing, and Urban Affairs AN ACT To increase the role of the financial industry in combating human trafficking.

1. Short title This Act may be cited as the End Banking for Human Traffickers Act of 2018 . 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 the enactment of this Act, the Financial Institutions Examination Council, in consultation with the Secretary of the Treasury, the private sector, and appropriate law enforcement agencies, shall— (1) review and enhance training and examinations procedures to improve the capabilities of anti-money laundering and countering the financing of terrorism programs to detect financial transactions relating to severe forms of trafficking in persons; (2) review and enhance procedures for referring potential cases relating to severe forms of trafficking in persons to the appropriate law enforcement agency; and (3) determine, as appropriate, whether requirements for financial institutions are sufficient to detect and deter money laundering relating to severe forms of trafficking in persons. (c) Interagency task force recommendations targeting money laundering related to human trafficking (1) In general Not later than 270 days after the date of the enactment of this Act, the Interagency Task Force to Monitor and Combat Trafficking shall submit to the Committee on Financial Services and the Committee on the Judiciary of the House of Representatives, the Committee on Banking, Housing, and Urban Affairs and the Committee on the Judiciary of the Senate, and the head of each appropriate Federal banking agency— (A) an analysis of anti-money laundering efforts of the United States Government and United States financial institutions relating to severe forms of trafficking in persons; and (B) appropriate legislative, administrative, and other recommendations to strengthen efforts against money laundering relating to severe forms of trafficking in persons. (2) Required recommendations The recommendations under paragraph (1) shall include— (A) feedback from financial institutions on best practices of successful programs to combat severe forms of trafficking in persons currently in place that may be suitable for broader adoption by similarly situated financial institutions; (B) feedback from stakeholders, including victims of severe forms of trafficking in persons and financial institutions, on policy proposals derived from the analysis conducted by the task force referred to in paragraph (1) that would enhance the efforts and programs of financial institutions to detect and deter money laundering relating to severe forms of trafficking in persons, including any recommended changes to internal policies, procedures, and controls relating to severe forms of trafficking in persons; (C) any recommended changes to training programs at financial institutions to better equip employees to deter and detect money laundering relating to severe forms of trafficking in persons; (D) any recommended changes to expand information sharing relating to severe forms of trafficking in persons among financial institutions and between such financial institutions, appropriate law enforcement agencies, and appropriate Federal agencies; and (E) recommended changes, if necessary, to existing statutory law to more effectively detect and deter money laundering relating to severe forms of trafficking in persons, where such money laundering involves the use of emerging technologies and virtual currencies. (d) Limitation Nothing in this Act shall be construed to grant rulemaking authority to the Interagency Task Force to Monitor and Combat Trafficking. (e) Definitions As used in this section— (1) 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) ); (2) the term severe forms of trafficking in persons has the meaning given such term in section 103 of the Trafficking Victims Protection Act of 2000 ( 22 U.S.C. 7102 ); (3) 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 (4) 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. 3. Coordination of human trafficking issues by the Office of Terrorism and Financial Intelligence (a) Functions Section 312(a)(4) of title 31, United States Code, is amended— (1) by redesignating subparagraphs (E), (F), and (G) as subparagraphs (F), (G), and (H), respectively; and (2) by inserting after subparagraph (D) the following: (E) combating illicit financing relating to severe forms of trafficking in persons; . (b) Interagency coordination Section 312(a) of title 31, United States Code, is amended by adding at the end the following: (8) Interagency coordination The Secretary of the Treasury, after consultation with the Undersecretary for Terrorism and Financial Crimes, shall designate an office within the OTFI that shall coordinate efforts to combat the illicit financing of severe forms of trafficking in persons with— (A) other offices of the Department of the Treasury; (B) other Federal agencies, including— (i) the Office to Monitor and Combat Trafficking in Persons of the Department of State; and (ii) the Interagency Task Force to Monitor and Combat Trafficking; (C) State and local law enforcement agencies; and (D) foreign governments. . (c) Definition Section 312(a) of title 31, United States Code, as amended by this section, is further amended by adding at the end the following: (9) Definition In this subsection, the term severe forms of trafficking in persons has the meaning given such term in section 103 of the Trafficking Victims Protection Act of 2000 ( 22 U.S.C. 7102 ). . 4. Additional reporting requirement under the Trafficking Victims Protection Act of 2000 Section 105(d)(7) of the Trafficking Victims Protection Act of 2000 ( 22 U.S.C. 7103(d)(7) ) is amended— (1) in the matter preceding subparagraph (A)— (A) by inserting the Committee on Financial Services, after the Committee on Foreign Affairs, ; and (B) by inserting the Committee on Banking, Housing, and Urban Affairs, after the Committee on Foreign Relations, ; (2) in subparagraph (Q)(vii), by striking ; and and inserting a semicolon; (3) in subparagraph (R), by striking the period at the end and inserting ; and ; and (4) by adding at the end the following: (S) the efforts of the United States to eliminate money laundering relating to severe forms of trafficking in persons and the number of investigations, arrests, indictments, and convictions in money laundering cases with a nexus to severe forms of trafficking in persons. . 5. Minimum standards for the elimination of trafficking Section 108(b) of the Trafficking Victims Protection Act of 2000 ( 22 U.S.C. 7106(b) ) is amended by adding at the end the following new paragraph: (13) Whether the government of the country, consistent with the capacity of the country, has in effect a framework to prevent financial transactions involving the proceeds of severe forms of trafficking in persons, and is taking steps to implement such a framework, including by investigating, prosecuting, convicting, and sentencing individuals who attempt or conduct such transactions. .

Passed the House of Representatives April 10, 2018. Karen L. Haas, Clerk