,i  #aacth ,,congress  #ast ,session    
,h4 ,r4 #cgjj  ,,in ,,the ,,house ,,of  
,,representatives  ,december #aa1       
#bjac,mr4 ,hinojosa 7for himself1 ,ms4  
,shea-,porter1 and ,mr4 ,vela7          
introduced the following bill2 which was
 referred to the ,committee on          
,financial ,services  ,a ,,bill  ,to    
instruct the ,secretary of the ,treasury
 to use #be percent of civil fines      
collected for violations of the ,bank   
,secrecy ,act to make grants to         
community financial institutions to     
improve compliance with the provisions  
of that ,act1 and for other purposes4   
#a4 ,short title ,this ,act may be cited
 as the ,building ,community ,financial 
,institutions' ,capacity to ,combat     
,money ,laundering ,act4  #b4 ,,bsa     
compliance improvement grants  7a7 ,in  
general ,subchapter ,,ii of chapter #ec 
of title #ca1 ,united ,states ,code1 is 
amended-- 7#a7 in section #ecba1 by     
adding at the end the following3  7f7   
,civil fines used for compliance        

improvements  7#a7 ,in general ,for each
 year1 #be percent of all civil money   
penalties imposed on domestic financial 
institutions pursuant to this section   
shall be deposited into the ,,bsa       
,compliance ,fund established under     
section #eccc4  7#b7 ,fines under other 
law for actions that violate this       
section ,if a domestic financial        
institution pays a civil fine under any 
other provision of ,federal law with    
respect to an action for which a civil  
money penalty is imposed under this     
section1 #be percent of such civil fine 
shall be deposited into the ,,bsa       
,compliance ,fund established under     
section #eccc4  2 and  7#b7 by adding at
 the end the following3  #eccc4         
,compliance improvement grants  7a7     
,,bsa ,compliance ,fund ,there is       
established a fund in the ,treasury to  
be known as the ,,bsa ,compliance ,fund 
7the ,fund71 which shall be used to     
carry out the grant program under this  
section4  7b7 ,compliance grants  7#a7  

,in general ,subject to the availability
 of funds in the ,fund1 the ,secretary  
of the ,treasury shall make grants to   
community financial institutions to     
improve compliance with the requirements
 of this subchapter4  7#b7 ,application 
,a community financial institution that 
wishes to receive a grant under this    
section shall submit an application to  
the ,secretary1 in such form and manner 
as the ,secretary determines            
appropriate1 that contains-- 7,a7 a     
compliance improvement plan that details
 how the grant will be used to improve  
compliance with the requirements of this
 subchapter2  7,b7 the estimated cost of
 implementing such plan2 and  7,c7 such 
other information as the ,secretary     
determines appropriate4  7#c7           
,competitive selection2 priority for    
certain areas ,the ,secretary shall     
select which community financial        
institutions receive a grant under this 
section on a competitive basis based on 
the plans submitted under paragraph     

7#b71 and shall give priority to        
institutions located in counties that   
have #bj percent or more of residents   
living below the ,federal poverty line4 
7#d7 ,amount of grant ,a grant made     
under this section may not exceed the   
lesser of-- 7,a7 #bjj1jjj2 or  7,b7 #ge 
percent of the estimated cost of        
implementing the proposed compliance    
improvement plan4  7c7 ,administrative  
costs ,not more than #d percent of the  
funds in the ,fund may be used to pay   
for the administrative costs of carrying
 out this section4  7d7 ,community      
financial institution defined ,for      
purposes of this section1 the term      
community financial institution means a 
domestic financial institution with less
 than #aj1jjj1jjj1jjj in assets4  4  7b7
 ,clerical amendment ,the table of      
analysis for chapter #ec of title #ca1  
,united ,states ,code1 is amended by    
inserting after the item relating to    
section #eccb the following3  #eccc4    
,compliance improvement grants4  4  #c4 

,sunset  7a7 ,in general ,effective     
,october #a1 #bjah1 title #ca1 ,united  
,states ,code1 is amended-- 7#a7 in     
section #ecba1 by striking subsection   
7f72  7#b7 by striking section #eccc2   
and  7#c7 in the table of analysis for  
chapter #ec1 by striking the item       
relating to section #eccc4  7b7 ,amounts
 remaining in ,,bsa ,compliance ,fund   
,effective ,october #a1 #bjah1 the      
,secretary of the ,treasury shall       
deposit any funds in the ,,bsa          
,compliance ,fund into the general fund 
of the ,treasury4