Homeland Security Assessment of Terrorists Use of Virtual Currencies Act

Bill: 115-hr-2433
Sponsor: full_name: Rep. Rice, Kathleen M. [D-NY-4]
Introduced: 2017-05-16
Policy area: Crime and Law Enforcement
Subjects: Currency

Digital media

Federal-Indian relations

Fraud offenses and financial crimes

Government studies and investigations

Intelligence activities, surveillance, classified information

Internet and video services

Internet, web applications, social media

State and local government operations

Terrorism
Latest action: action_date: 2017-09-13
text: Received in the Senate and Read twice and referred to the Committee on Homeland Security and Governmental Affairs.

Summaries:
action_date: 2017-05-16
action_desc: Introduced in House
text: <p><strong>Homeland Security Assessment of Terrorists Use of Virtual Currencies Act</strong></p> <p>This bill directs the Department of Homeland Security's Office of Intelligence and Analysis: (1) in coordination with appropriate federal partners, to develop and disseminate a threat assessment regarding the threat posed by individuals using virtual currency to carry out activities in furtherance of an act of terrorism, including the provision of material support or resources to a foreign terrorist organization; and (2) to share such assessment with state, local, and tribal law enforcement officials.</p>

action_date: 2017-09-12
action_desc: Passed House without amendment
text: <p>(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)</p> <p><strong>Homeland Security Assessment of Terrorists Use of Virtual Currencies Act</strong></p> <p>(Sec. 2) This bill directs the Department of Homeland Security's Office of Intelligence and Analysis: (1) in coordination with appropriate federal partners, to develop and disseminate a threat assessment regarding the threat posed by individuals using virtual currency to carry out activities in furtherance of an act of terrorism, including the provision of material support or resources to a foreign terrorist organization; and (2) to share such assessment with state, local, and tribal law enforcement officials.</p>

tv_txt: I 115th CONGRESS 1st Session H. R. 2433 IN THE HOUSE OF REPRESENTATIVES May 16, 2017 Miss Rice of New York introduced the following bill; which was referred to the Committee on Homeland Security A BILL To direct the Under Secretary of Homeland Security for Intelligence and Analysis to develop and disseminate a threat assessment regarding terrorist use of virtual currency.

1. Short title This Act may be cited as the Homeland Security Assessment of Terrorists Use of Virtual Currencies Act . 2. Threat assessment on terrorist use of virtual currency (a) In general Not later than 120 days after the date of the enactment of this Act, the Under Secretary of Homeland Security for Intelligence and Analysis, as authorized by section 201(b)(1) of the Homeland Security Act of 2002 ( 6 U.S.C. 121 ), shall, in coordination with appropriate Federal partners, develop and disseminate a threat assessment regarding the actual and potential threat posed by individuals using virtual currency to carry out activities in furtherance of an act of terrorism, including the provision of material support or resources to a foreign terrorist organization. Consistent with the protection of classified and confidential unclassified information, the Under Secretary shall share the threat assessment developed under this section with State, local, and tribal law enforcement officials, including officials that operate within State, local, and regional fusion centers through the Department of Homeland Security State, Local, and Regional Fusion Center Initiative established in section 210A of the Homeland Security Act of 2002 ( 6 U.S.C. 124h ). (b) Definitions In this section: (1) The term foreign terrorist organization means an organization designated as a foreign terrorist organization under section 219 of the Immigration and Nationality Act ( 8 U.S.C. 1189 ). (2) The term virtual currency means a digital representation of value that functions as a medium of exchange, a unit of account, or a store of value.

tv_txt: I 115th CONGRESS 1st Session H. R. 2433 IN THE HOUSE OF REPRESENTATIVES AN ACT To direct the Under Secretary of Homeland Security for Intelligence and Analysis to develop and disseminate a threat assessment regarding terrorist use of virtual currency.

1. Short title This Act may be cited as the Homeland Security Assessment of Terrorists Use of Virtual Currencies Act . 2. Threat assessment on terrorist use of virtual currency (a) In general Not later than 120 days after the date of the enactment of this Act, the Under Secretary of Homeland Security for Intelligence and Analysis, as authorized by section 201(b)(1) of the Homeland Security Act of 2002 ( 6 U.S.C. 121 ), shall, in coordination with appropriate Federal partners, develop and disseminate a threat assessment regarding the actual and potential threat posed by individuals using virtual currency to carry out activities in furtherance of an act of terrorism, including the provision of material support or resources to a foreign terrorist organization. Consistent with the protection of classified and confidential unclassified information, the Under Secretary shall share the threat assessment developed under this section with State, local, and tribal law enforcement officials, including officials that operate within State, local, and regional fusion centers through the Department of Homeland Security State, Local, and Regional Fusion Center Initiative established in section 210A of the Homeland Security Act of 2002 ( 6 U.S.C. 124h ). (b) Definitions In this section: (1) The term foreign terrorist organization means an organization designated as a foreign terrorist organization under section 219 of the Immigration and Nationality Act ( 8 U.S.C. 1189 ). (2) The term virtual currency means a digital representation of value that functions as a medium of exchange, a unit of account, or a store of value.

Passed the House of Representatives September 12, 2017. Karen L. Haas, Clerk.

tv_txt: IIB 115th CONGRESS 1st Session H. R. 2433 IN THE SENATE OF THE UNITED STATES September 13, 2017 Received; read twice and referred to the Committee on Homeland Security and Governmental Affairs AN ACT To direct the Under Secretary of Homeland Security for Intelligence and Analysis to develop and disseminate a threat assessment regarding terrorist use of virtual currency.

1. Short title This Act may be cited as the Homeland Security Assessment of Terrorists Use of Virtual Currencies Act . 2. Threat assessment on terrorist use of virtual currency (a) In general Not later than 120 days after the date of the enactment of this Act, the Under Secretary of Homeland Security for Intelligence and Analysis, as authorized by section 201(b)(1) of the Homeland Security Act of 2002 ( 6 U.S.C. 121 ), shall, in coordination with appropriate Federal partners, develop and disseminate a threat assessment regarding the actual and potential threat posed by individuals using virtual currency to carry out activities in furtherance of an act of terrorism, including the provision of material support or resources to a foreign terrorist organization. Consistent with the protection of classified and confidential unclassified information, the Under Secretary shall share the threat assessment developed under this section with State, local, and tribal law enforcement officials, including officials that operate within State, local, and regional fusion centers through the Department of Homeland Security State, Local, and Regional Fusion Center Initiative established in section 210A of the Homeland Security Act of 2002 ( 6 U.S.C. 124h ). (b) Definitions In this section: (1) The term foreign terrorist organization means an organization designated as a foreign terrorist organization under section 219 of the Immigration and Nationality Act ( 8 U.S.C. 1189 ). (2) The term virtual currency means a digital representation of value that functions as a medium of exchange, a unit of account, or a store of value.

Passed the House of Representatives September 12, 2017. Karen L. Haas, Clerk.