,i  #aae? ,,congress  #a/ ,session  ,h4 
,r4 #cajj  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,june #bh1 #bjag,ms4  
,s9ema 7= h]self1 ,mr4 ,budd1 ,mr4      
,jeffries1 ,mr4 ,/iv]s1 ,mr4 ,lyn*1 ,mr4
 ,kildee1 ,mr4 ,ross1 ,mr4 ,mess]1 ,mr4 
,au/9 ,scott ( ,georgia1 ,mr4 ,%]man1   
,mr4 ,delaney1 & ,mr4 ,got!im]7         
introduc$ ! foll[+ bill2 :i* 0 ref]r$ to
 ! ,committee on ,f9ancial ,s]vices  ,a 
,,bill  ,to require ! ,presid5t to      
develop a national /rategy = combat+ !  
f9anc+ ( t]rorism & relat$ =ms ( illicit
 f9ance1 & = o!r purposes4  #a4         
,developm5t ( national /rategy  7a7 ,9  
g5]al ,! ,presid5t1 act+ ?r\gh !        
,secret>y1 %all1 9 consultation ) !     
,attorney ,g5]al1 ! ,secret>y ( ,/ate1 !
 ,secret>y ( ,homel& ,security1 !       
,director ( ,national ,intellig5ce1 & ! 
appropriate ,f$]al bank+ ag5cies &      
,f$]al functional regulators1 develop a 
national /rategy = combat+ ! f9anc+ (   
t]rorism & relat$ =ms ( illicit f9ance4 
7b7 ,transmittal to ,congress  7#a7 ,9  

g5]al ,n lat] ?an "o ye> aft] ! date ( !
 enactm5t ( ?is ,act1 ! ,presid5t %all  
submit to ! appropriate congressional   
committees a compreh5sive national      
/rategy develop$ 9 accordance )         
subsection 7a74  7#b7 ,updates ,n lat]  
?an ,janu>y #ca1 #bjbj1 & ,janu>y #ca1  
#bjbb1 ! ,presid5t %all submit to !     
appropriate congressional committees    
updat$ v]sions ( ! national /rategy     
submitt$ "u p>agraph 7#a74  7c7 ,sep>ate
 pres5tation ( classifi$ mat]ial ,any "p
 ( ! national /rategy t involves        
in=mation t is prop]ly classifi$ "u     
crit]ia e/abli%$ by ! ,presid5t %all be 
submitt$ to ,congress sep>ately 9 a     
classifi$ annex &1 if reque/$ by !      
*airman or rank+ memb] ( "o ( !         
appropriate congressional committees1 z 
a brief+ at an appropriate level (      
security4  #b4 ,cont5ts ( national      
/rategy ,! /rategy describ$ 9 section #a
 %all conta9 ! foll[+3 7#a7 ,evaluation 
( exi/+ ef=ts ,an assessm5t ( !         
effectiv5ess ( & ways 9 :i* ! ,unit$    

,/ates is curr5tly address+ ! highe/    
levels ( risk ( v>i\s =ms ( illicit     
f9ance1 includ+ ^? id5tifi$ 9 ! docum5ts
 entitl$ #bjae ,national ,money ,laund]+
 ,risk ,assessm5t & #bjae ,national     
,t]rori/ ,f9anc+ ,risk ,assessm5t1      
publi%$ by ! ,dep>tm5t ( ! ,treasury & a
 description ( h[ ! /rategy is integrat$
 into1 & supports1 ! broad] c\nt]       
t]rorism /rategy ( ! ,unit$ ,/ates4     
7#b7 ,goals1 objectives1 & priorities ,a
 compreh5sive1 rese>*-bas$1 long-range1 
quantifiable discussion ( goals1        
objectives1 & priorities = disrupt+ &   
prev5t+ illicit f9ance activities )9 &  
transit+ ! f9ancial sy/em ( ! ,unit$    
,/ates t outl9es priorities to r$uce !  
incid5ce1 doll> value1 & effects (      
illicit f9ance4  7#c7 ,?reats ,an       
id5tification ( ! mo/ significant       
illicit f9ance ?reats to ! f9ancial     
sy/em ( ! ,unit$ ,/ates4  7#d7 ,reviews 
& propos$ *anges ,reviews ( en=cem5t    
ef=ts1 relevant regulations & relevant  
provisions ( law &1 if appropriate1     

discussions ( propos$ *anges det]m9$ to 
be appropriate to ensure t ! ,unit$     
,/ates pursues coord9at$ & effective    
ef=ts at all levels ( gov]nm5t1 & )     
int]national p>tn]s ( ! ,unit$ ,/ates1 9
 ! fight aga9/ illicit f9ance4  7#e7    
,detection & prosecution initiatives ,a 
description ( ef=ts to improve1 z       
necess>y1 detection & prosecution (     
illicit f9ance1 includ+ ef=ts to ensure 
t--  7,a7 subject to legal re/rictions1 
all appropriate data collect$ by !      
,f$]al ,gov]nm5t t is relevant to !     
ef=ts describ$ 9 ?is section be         
available 9 a timely fa%ion to-- 7i7 all
 appropriate ,f$]al dep>tm5ts & ag5cies2
 &  7ii7 z appropriate & consi/5t )     
section #cad ( ! ,int]national ,money   
,laund]+ ,abatem5t & ,f9ancial          
,anti-,t]rorism ,act ( #bjja 7#ca       
,u4,s4,c4 #ecaa note71 to f9ancial      
in/itutions to assi/ ! f9ancial         
in/itutions 9 ef=ts to comply ) laws    
aim$ at curb+ illicit f9ance2 &  7,b7   
appropriate ef=ts are und]tak5 to ensure

 t ,f$]al dep>tm5ts & ag5cies *>g$ )    
r$uc+ & prev5t+ illicit f9ance make     
?or\gh use ( publicly available data 9  
fur!rance ( ?is ef=t4  7#f7 ,! role ( ! 
private f9ancial sector 9 prev5tion (   
illicit f9ance ,a discussion ( ways to  
enhance p>tn]%ips betwe5 ! private      
f9ancial sector & ,f$]al dep>tm5ts &    
ag5cies ) reg>d to ! prev5tion &        
detection ( illicit f9ance1 includ+--   
7,a7 ef=ts to facilitate compliance )   
laws aim$ at /opp+ su* illicit f9ance   
:ile ma9ta9+ ! effectiv5ess ( su* ef=ts2
 &  7,b7 provid+ guidance to /r5g!n     
int]nal controls & to adopt on an       
indu/ry-wide basis m effective policies4
  7#g7 ,enhancem5t ( int]gov]nm5tal     
coop]ation ,a discussion ( ways to      
combat illicit f9ance by enhanc+--  7,a7
 coop]ative ef=ts betwe5 & among ,f$]al1
 ,/ate1 & local (ficials1 includ+ ,/ate 
regulators1 ,/ate & local prosecutors1 &
 o!r law en=cem5t (ficials2 &  7,b7     
coop]ative ef=ts ) & betwe5 gov]nm5ts ( 
c\ntries & ) & betwe5 mult9ational      

in/itutions ) exp]tise 9 fight+ illicit 
f9ance1 includ+ ! ,f9ancial ,action     
,task ,=ce & ! ,egmont ,gr\p ( ,f9ancial
 ,intellig5ce ,units4  7#h7 ,tr5d       
analysis ( em]g+ illicit f9ance ?reats  
,a discussion ( & data reg>d+ tr5ds 9   
illicit f9ance1 includ+ evolv+ =ms (    
value transf] su* z s-call$             
cryptocurr5cies1 o!r me?ods t are       
comput]1 telecommunications1 or         
,int]net-bas$1 cyb] crime1 or any o!r   
?reats t ! ,secret>y may *oose to       
id5tify4  7#i7 ,budget priorities ,a    
multiye> budget plan t id5tifies        
suffici5t res\rces ne$$ to successfully 
execute ! full range ( missions call$ = 
9 ?is section4  7#aj7 ,te*nology        
enhancem5ts ,an analysis ( curr5t &     
develop+ ways to lev]age te*nology to   
improve ! effectiv5ess ( ef=ts to /op ! 
f9anc+ ( t]rorism & o!r =ms ( illicit   
f9ance1 includ+ bett] integration (     
op5-s\rce data4  #c4 ,def9itions ,9 ?is 
,act--  7#a7 ! t]m appropriate          
congressional committees means-- 7,a7 ! 

,committee on ,f9ancial ,s]vices1 !     
,committee on ,=eign ,affairs1 !        
,committee on ,arm$ ,s]vices1 !         
,committee on ! ,judici>y1 ,committee on
 ,homel& ,security1 & ! ,p]man5t ,select
 ,committee on ,intellig5ce ( ! ,h\se ( 
,repres5tatives2 &  7,b7 ! ,committee on
 ,bank+1 ,h\s+1 & ,urban ,affairs1 !    
,committee on ,=eign ,relations1        
,committee on ,arm$ ,s]vices1 ,committee
 on ! ,judici>y1 ,committee on ,homel&  
,security & ,gov]nm5tal ,affairs1 & !   
,select ,committee on ,intellig5ce ( !  
,s5ate2  7#b7 ! t]m appropriate ,f$]al  
bank+ ag5cies has ! mean+ giv5 ! t]m 9  
section #c ( ! ,f$]al ,deposit          
,insurance ,act 7#ab ,u4,s4,c4 #ahac72  
7#c7 ! t]m ,f$]al functional regulator  
has ! mean+ giv5 t t]m 9 section #eji ( 
! ,gramm-,lea*-,bliley ,act 7#ae        
,u4,s4,c4 #fhji72  7#d7 ! t]m illicit   
f9ance means ! f9anc+ ( t]rorism1 money 
laund]+1 or o!r =ms ( illicit f9anc+    
dome/ically or int]nationally1 z def9$  
by ! ,presid5t2  7#e7 ! t]m ,secret>y   

means ! ,secret>y ( ! ,treasury2 &  7#f7
 ! t]m ,/ate means ea* ( ! sev]al       
,/ates1 ! ,di/rict ( ,columbia1 & ea*   
t]ritory or possession ( ! ,unit$       
,/ates4