#aadth ,,congress #b;d ,session ,h4 ,r4 #efjg ,,an ,,act ,to enhance the ,department of the ,treasury's role in protecting national security1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,enhancing ,treasury's ,anti-,terror ,tools ,act4 #b4 ,examining the ,department of the ,treasury's counter-terror financing role in embassies ,within #ahj days of the enactment of this ,act1 the ,secretary of the ,treasury shall issue a report to the ,committees on ,financial ,services and ,foreign ,affairs of the ,house of ,representatives and the ,committees on ,banking1 ,housing1 and ,urban ,affairs and ,foreign ,relations of the ,senate containing-- 7#a7 a list of the ,united ,states embassies in which a full-time ,department of the ,treasury attach is stationed2 7#b7 a list of the ,united ,states embassies at which a ,department of the ,treasury attach is assigned for temporary duty1 the length of such assignments1 and the reason why such assignments are not considered to be a permanent assignments2 7#c7 how the ,department of the ,treasury's interests relating to anti-terror finance1 money laundering1 and related illicit finance issues are handled at other embassies1 including a discussion of the reporting structure by which such issues are brought to the direct attention of the ambassador2 7#d7 a description of the role the ,department of the ,treasury attachs play in advancing ,america's anti-terrorism financing interests2 7#e7 a discussion of patterns1 trends1 or other issues identified by ,department of the ,treasury attachs in the previous year concerning anti-terror finance1 money laundering1 and related illicit finance2 7#f7 recommendations to improve coordination between the ,department of the ,treasury and foreign financial ministries of efforts to block the financing of terror1 money laundering1 and related illicit finance2 and 7#g7 a discussion of whether the ,department of the ,treasury's interests relating to anti-terror finance1 money laundering1 or related illicit finance issues are thought to be under-represented in some embassies or regions4 #c4 ,clarifying requirements for recordkeeping 7a7 ,in general ,section #ecbf of title #ca1 ,united ,states ,code1 is amended-- 7#a7 in the heading of such section1 by striking coin and currency2 7#b7 in subsection 7a7-- 7,a7 by striking subtitle and and inserting subtitle or to2 and 7,b7 in paragraph 7#a77;,a71 by striking ,united ,states coins or currency 7or such other monetary instruments as the ,secretary may describe in such order7 and inserting funds 7as the ,secretary may describe in such order712 and 7#c7 in subsection 7b7-- 7,a7 in paragraph 7#a77;,a71 by striking coins or currency 7or monetary instruments7 and inserting funds2 and 7,b7 in paragraph 7#b71 by striking coins or currency 7or such other monetary instruments as the ,secretary may describe in the regulation or order7 and inserting funds 7as the ,secretary may describe in the regulation or order74 7b7 ,clerical amendment ,the table of contents for chapter #ec of title #ca1 ,united ,states ,code1 is amended in the item relating to section #ecbf by striking coin and currency4 #d4 ,study of bureau status 7a7 ,study ,the ,secretary of the ,treasury shall carry out a study on the advisability and implications of transforming the ,office of ,terrorism and ,financial ,intelligence into a standalone bureau of the ,department of the ,treasury1 and the effects such a move would have on the ,department of the ,treasury's efforts to stop money laundering1 the financing of terror1 and related illicit finance4 7b7 ,report ,within #bgj days of the date of the enactment of this ,act1 the ,secretary of the ,treasury shall issue a report to the ,committee on ,financial ,services and the ,permanent ,select ,committee on ,intelligence of the ,house of ,representatives and the ,committee on ,banking1 ,housing1 and ,urban ,affairs and the ,select ,committee on ,intelligence of the ,senate containing all findings and determinations made in carrying out the study required under subsection 7a74 #e4 ,improving anti-terror finance monitoring of funds transfers 7a7 ,study ,to improve the ,department of the ,treasury's ability to better track cross-border fund transfers and identify potential financing of terror or other illicit finance1 the ,secretary of the ,treasury shall carry out a study to assess-- 7#a7 the potential efficacy of requiring banking regulators to establish a pilot program to provide technical assistance to depository institutions and credit unions that wish to provide account services to money services businesses serving individuals in ,somalia2 7#b7 whether such a pilot program could be a model for improving the ability of ,americans to legitimately send funds to their loved ones through transparent and easily monitored channels2 and 7#c7 the potential impact of allowing money services businesses to share their ,state examinations with depository institutions and credit unions1 or if another mechanism could be found to allow a similar exchange of information that would give such depository institutions and credit unions a better understanding of whether an individual money services business is adequately meeting its anti-money laundering and counter terror financing obligations to combat money laundering1 the financing of terror1 or related illicit finance4 7b7 ,report ,within #bgj days of the date of the enactment of this ,act1 the ,secretary of the ,treasury shall issue a report to the ,committees on ,financial ,services and ,foreign ,affairs of the ,house of ,representatives and the ,committees on ,banking1 ,housing1 and ,urban ,affairs and ,foreign ,relations of the ,senate containing all findings and determinations made in carrying out the study required under subsection 7a74 7c7 ,money services business defined ,for purposes of this section1 the term money services business has the meaning given that term under section #ajaj4ajj of title #ca1 ,code of ,federal ,regulations4 #f4 ,sense of ,congress ,it is the sense of the ,congress that the ,secretary of the ,treasury1 acting in the ,secretary's own capacity and through the ,under ,secretary for ,terrorism and ,financial ,crimes1 should work with finance ministry counterparts worldwide to spur the development within such ministries of entities similar to the ,department of the ,treasury's ,office of ,intelligence and ,analysis to more solidly integrate the intelligence community with anti-money laundering and counter-terrorist financing efforts4 ,passed the ,house of ,representatives ,july #aa1 #bjaf4;,clerk4