Improving Strategies to Counter Weapons Proliferation Act

Bill: 115-hr-6332
Sponsor: full_name: Rep. Tipton, Scott  R. [R-CO-3]
Introduced: 2018-07-11
Policy area: Finance and Financial Sector
Subjects: Arms control and nonproliferation

Business records

Congressional oversight

Foreign and international banking

Fraud offenses and financial crimes

Government information and archives

Intelligence activities, surveillance, classified information

International organizations and cooperation
Latest action: action_date: 2018-09-27
text: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Summaries:
action_date: 2018-07-11
action_desc: Introduced in House
text: <p><b>Improving Strategies to Counter Weapons Proliferation Act </b></p> <p>This bill requires the Financial Crimes Enforcement Network (FinCEN) to report on the usage of financial activity data collected by FinCEN related to weapons proliferation. </p>

action_date: 2018-08-24
action_desc: Reported to House without amendment
text: <p><b>Improving Strategies to Counter Weapons Proliferation Act </b></p> <p>This bill requires the Financial Crimes Enforcement Network (FinCEN) to report on the usage of financial activity data collected by FinCEN related to weapons proliferation. </p>

action_date: 2018-09-26
action_desc: Passed House without amendment
text: <p><b>Improving Strategies to Counter Weapons Proliferation Act </b></p> <p>(Sec. 2) This bill requires the Financial Crimes Enforcement Network (FinCEN) to report on the usage of financial activity data collected by FinCEN related to weapons proliferation. </p>

tv_txt: I 115th CONGRESS 2d Session H. R. 6332 IN THE HOUSE OF REPRESENTATIVES July 11, 2018 Mr. Tipton (for himself and Ms. Sinema ) introduced the following bill; which was referred to the Committee on Financial Services A BILL To require the Director of the Financial Crimes Enforcement Network to submit a report to Congress on the way in which data collected pursuant to title 31 is being used, and for other purposes.

1. Short title This Act may be cited as the Improving Strategies to Counter Weapons Proliferation Act . 2. Financial Crimes Enforcement Network reporting requirement Section 310 of title 31, United States Code, is amended by adding at the end the following: (e) Reports relating to use of collected data (1) In general Not later than 1 year after the date of enactment of this subsection and every year thereafter, the Director shall submit to the Committee on Financial Services of the House of Representatives and the Committee on Banking, Housing, and Urban Affairs of the Senate a report on— (A) intelligence products created by FinCEN on finance transactions for the proliferation of weapons from filings submitted pursuant to subchapter II of chapter 53; (B) FinCEN’s efforts to collaborate with law enforcement agencies, the intelligence community, and foreign financial intelligence units to maximize the use of data that is collected pursuant to subchapter II of chapter 53; and (C) advisory notices issued to financial institutions (as defined under section 5312(a)) on financial activity related to the proliferation of weapons. (2) Separate presentation of classified material Any part of the report under paragraph (1) that involves information that is properly classified under criteria established by the President shall be submitted to the Congress separately in a classified annex. (3) Sunset No report is required under this subsection after the end of the 5-year period beginning on the date of enactment of this subsection. .

tv_txt: IB Union Calendar No. 701 115th CONGRESS 2d Session H. R. 6332 [Report No. 115–905] IN THE HOUSE OF REPRESENTATIVES July 11, 2018 Mr. Tipton (for himself and Ms. Sinema ) introduced the following bill; which was referred to the Committee on Financial Services August 24, 2018 Additional sponsor: Mr. Pearce August 24, 2018 Committed to the Committee of the Whole House on the State of the Union and ordered to be printed A BILL To require the Director of the Financial Crimes Enforcement Network to submit a report to Congress on the way in which data collected pursuant to title 31 is being used, and for other purposes.

1. Short title This Act may be cited as the Improving Strategies to Counter Weapons Proliferation Act . 2. Financial Crimes Enforcement Network reporting requirement Section 310 of title 31, United States Code, is amended by adding at the end the following: (e) Reports relating to use of collected data (1) In general Not later than 1 year after the date of enactment of this subsection and every year thereafter, the Director shall submit to the Committee on Financial Services of the House of Representatives and the Committee on Banking, Housing, and Urban Affairs of the Senate a report on— (A) intelligence products created by FinCEN on finance transactions for the proliferation of weapons from filings submitted pursuant to subchapter II of chapter 53; (B) FinCEN’s efforts to collaborate with law enforcement agencies, the intelligence community, and foreign financial intelligence units to maximize the use of data that is collected pursuant to subchapter II of chapter 53; and (C) advisory notices issued to financial institutions (as defined under section 5312(a)) on financial activity related to the proliferation of weapons. (2) Separate presentation of classified material Any part of the report under paragraph (1) that involves information that is properly classified under criteria established by the President shall be submitted to the Congress separately in a classified annex. (3) Sunset No report is required under this subsection after the end of the 5-year period beginning on the date of enactment of this subsection. .

August 24, 2018 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. 6332 IN THE HOUSE OF REPRESENTATIVES AN ACT To require the Director of the Financial Crimes Enforcement Network to submit a report to Congress on the way in which data collected pursuant to title 31 is being used, and for other purposes.

1. Short title This Act may be cited as the Improving Strategies to Counter Weapons Proliferation Act . 2. Financial Crimes Enforcement Network reporting requirement Section 310 of title 31, United States Code, is amended by adding at the end the following: (e) Reports relating to use of collected data (1) In general Not later than 1 year after the date of enactment of this subsection and every year thereafter, the Director shall submit to the Committee on Financial Services of the House of Representatives and the Committee on Banking, Housing, and Urban Affairs of the Senate a report on— (A) intelligence products created by FinCEN on finance transactions for the proliferation of weapons from filings submitted pursuant to subchapter II of chapter 53; (B) FinCEN’s efforts to collaborate with law enforcement agencies, the intelligence community, and foreign financial intelligence units to maximize the use of data that is collected pursuant to subchapter II of chapter 53; and (C) advisory notices issued to financial institutions (as defined under section 5312(a)) on financial activity related to the proliferation of weapons. (2) Separate presentation of classified material Any part of the report under paragraph (1) that involves information that is properly classified under criteria established by the President shall be submitted to the Congress separately in a classified annex. (3) Sunset No report is required under this subsection after the end of the 5-year period beginning on the date of enactment of this subsection. .

Passed the House of Representatives September 26, 2018. Karen L. Haas, Clerk.

tv_txt: IIB 115th CONGRESS 2d Session H. R. 6332 IN THE SENATE OF THE UNITED STATES September 27, 2018 Received; read twice and referred to the Committee on Banking, Housing, and Urban Affairs AN ACT To require the Director of the Financial Crimes Enforcement Network to submit a report to Congress on the way in which data collected pursuant to title 31 is being used, and for other purposes.

1. Short title This Act may be cited as the Improving Strategies to Counter Weapons Proliferation Act . 2. Financial Crimes Enforcement Network reporting requirement Section 310 of title 31, United States Code, is amended by adding at the end the following: (e) Reports relating to use of collected data (1) In general Not later than 1 year after the date of enactment of this subsection and every year thereafter, the Director shall submit to the Committee on Financial Services of the House of Representatives and the Committee on Banking, Housing, and Urban Affairs of the Senate a report on— (A) intelligence products created by FinCEN on finance transactions for the proliferation of weapons from filings submitted pursuant to subchapter II of chapter 53; (B) FinCEN’s efforts to collaborate with law enforcement agencies, the intelligence community, and foreign financial intelligence units to maximize the use of data that is collected pursuant to subchapter II of chapter 53; and (C) advisory notices issued to financial institutions (as defined under section 5312(a)) on financial activity related to the proliferation of weapons. (2) Separate presentation of classified material Any part of the report under paragraph (1) that involves information that is properly classified under criteria established by the President shall be submitted to the Congress separately in a classified annex. (3) Sunset No report is required under this subsection after the end of the 5-year period beginning on the date of enactment of this subsection. .

Passed the House of Representatives September 26, 2018. Karen L. Haas, Clerk