Combating Terrorist and Other Illicit Financing Act

Bill: 117-hr-6388
Sponsor: full_name: Del. San Nicolas, Michael F. Q. [D-GU-At Large]
Introduced: 2022-01-12
Policy area: Finance and Financial Sector
Subjects: Banking and financial institutions regulation

Congressional oversight

Crime prevention

Criminal investigation, prosecution, interrogation

Federal-Indian relations

Fraud offenses and financial crimes

Government information and archives

Intergovernmental relations

Law enforcement administration and funding

Military operations and strategy

Terrorism
Latest action: action_date: 2022-01-12
text: Referred to the House Committee on Financial Services.

Summaries:
action_date: 2022-01-12
action_desc: Introduced in House
text: <p><strong>Combating Terrorist and Other Illicit Financing Act </strong></p> <p>This bill revises provisions related to the National Strategy for Combating Terrorist and Other Illicit Financing developed by the Department of the Treasury. Currently, the strategy must be published through 2022. The bill requires the strategy to be published in 2024 and 2026. The bill also revises how Treasury evaluates existing efforts as part of the strategy. </p> <p> Additionally, tribal and territorial entities must be (1) eligible for grant programs to combat financial crime, and (2) included in efforts to combat illicit finance. </p>

tv_txt: I 117th CONGRESS 2d Session H. R. 6388 IN THE HOUSE OF REPRESENTATIVES January 12, 2022 Mr. San Nicolas introduced the following bill; which was referred to the Committee on Financial Services A BILL To make updates to the National Strategy for Combating Terrorist and Other Illicit Financing, and for other purposes.

1. Short title This Act may be cited as the Combating Terrorist and Other Illicit Financing Act . 2. Including of Tribal Governments and Territories in the High-risk money laundering and related financial crime areas (a) Findings The Congress finds the following: (1) According to the Department of Justice, human trafficking is a crime that involves exploiting a person for labor, services, or commercial sex , a global illicit trade that is estimated by Global Financial Integrity to be valued at more than $150.2 billion each year. (2) Polaris, the non-governmental organization which runs the United States National Human Trafficking Hotline, has found that while human trafficking is a nationwide problem, the majority of domestic human trafficking victims are people who have historically faced discrimination and its political, social and economic consequences: people of color, indigenous communities, immigrants and people who identify as LGBTQ+ . (3) For this reason, it is important that law enforcement representing native communities and territories are part of the national dialogue about countering human trafficking. (4) The High Intensity Financial Crime Areas program, which is intended to concentrate law enforcement efforts at the Federal, State, and local level to combat money laundering in designated high-intensity money laundering zones, considers human trafficking among other financial crime issues and actors. (5) In each High Intensity Financial Crime Area, a money-laundering action team, comprised of relevant Federal, State, and local enforcement authorities, prosecutors, and financial regulators, works together to coordinate Federal, State, and local anti-money laundering effort. (6) The High Intensity Financial Crime Area program does not currently mandate the inclusion of law enforcement and other agencies from Tribes and territories. (7) Further, the National Strategy for Combating Terrorist and Other Illicit Financing, a valuable report which is scheduled to sunset in January 2022, does not currently mandate the inclusion of law enforcement and other agencies from Tribes and Territories. (b) National strategy for combating terrorist and other illicit financing The Countering Russian Influence in Europe and Eurasia Act of 2017 ( 22 U.S.C. 9501 et seq. ) is amended— (1) in section 261(b)(2)— (A) by striking 2020 and inserting 2024 ; and (B) by striking 2022 and inserting 2026 ; and (2) in section 262— (A) in paragraph (1)— (i) by striking in the documents entitled 2015 National Money Laundering Risk Assessment and 2015 National Terrorist Financing Risk Assessment , and inserting in the documents entitled 2020 National Strategy for Combating Terrorist and Other Illicit Financing and 2022 National Strategy for Combating Terrorist and Other Illicit Financing ; and (ii) by striking the broader counter terrorism strategy of the United States and inserting the broader counter terrorism and national security strategies of the United States ; (B) in paragraph (6)— (i) by striking Prevention of illicit finance and inserting prevention, detection, and defeat of illicit finance ; (ii) by striking private financial sector and inserting private sector, including financial and other relevant industries, ; and (iii) by striking with regard to the prevention and detection of illicit finance and inserting with regard to the prevention, detection, and defeat of illicit finance ; (C) in paragraph (7)— (i) by striking Federal, State, and local officials and inserting Federal, State, local, Tribal, and Territory officials ; and (ii) by inserting after State and local prosecutors, the following: Tribal and Territorial law enforcement ; and (D) in paragraph (8), by striking so-called . (c) Law enforcement and other agencies from Tribes and territories Section 5342 of title 31, United States Code is amended— (1) in subsection (a)(1)(B), by striking local, State, national, and inserting local, State, national, Tribal, Territorial, ; (2) in subsection (a)(2)(A), by striking with State and inserting with State, Tribal, Territorial, ; (3) in subsection (c)(3), by striking any State or local official or prosecutor and inserting any State, local, Tribe, or Territory official or prosecutor ; and (4) in subsection (d), by striking State and local governments and State and local law enforcement agencies and inserting State, local, Tribal, and Territorial governments and State, local, Tribal, and Territorial agencies . (d) Financial Crime-Free Communities Support Program (1) In general Section 5351 of title 31, United States Code, is amended by striking to support local law enforcement efforts and inserting to support local, Tribal, and Territorial law enforcement efforts . (2) Program authorization Section 5352 of title 31, United States Code, is amended— (A) in subsection (a), by striking State or local in each place it occurs and inserting State, local, Tribal, or Territorial ; and (B) in subsection (c)— (i) by striking State or local and inserting State, local, Tribal, or Territorial ; and (ii) in paragraph (1), by striking State law and inserting State, Tribal, or Territorial law . (3) Information collection and dissemination Section 5353(b)(3)(A) of title 31, United States Code, is amended by striking State local law enforcement agencies and inserting State, local, Tribal, and Territorial law enforcement agencies . (4) Grants for fighting money laundering and related financial crimes Section 5354 of title 31, United States Code, is amended— (A) by striking State or local law enforcement and inserting State, local, Tribal, or Territorial law enforcement ; (B) by striking State and local law enforcement and inserting State, local, Tribal, and Territorial law enforcement ; and (C) by striking Federal, State, and local cooperative law enforcement and inserting Federal, State, local, Tribal, and Territorial cooperative law enforcement .