,i  #aae? ,,congress  #a/ ,session  ,h4 
,r4 #ccba  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,july #bj1 #bjag,mr4  
,budd 7= himself1 ,ms4 ,s9ema1 & ,mr4   
,pe>ce7 introduc$ ! foll[+ bill2 :i* 0  
ref]r$ to ! ,committee on ,f9ancial     
,s]vices  ,a ,,bill  ,to require !      
e/abli%m5t ( a national /rategy =       
combat+ ! f9anc+ ( t]rorism & relat$    
f9ancial crimes1 & = o!r purposes4  #a4 
,%ort title ,?is ,act may be cit$ z !   
,national ,/rategy = ,combat+ ,t]rori/1 
,und]gr\nd1 & ,o!r ,illicit ,f9anc+     
,act4  #b4 ,f9d+s ,! ,congress f9ds !   
foll[+3  7#a7 ,! f9anc+ ( t]rorism &    
relat$ =ms ( illicit f9ance pres5t a    
direct ?reat to national security & a   
?reat to global /ability4  7#b7 ,new    
t]rori/ gr\ps or ?reats c =m quickly1 & 
o!r gr\ps *ange tactics to adapt1 creat+
 a con/antly *ang+ t]rori/ environm5t1  
pres5t+ ev]-*ang+ risks & *all5ges to   
programs to disrupt ! f9anc+ ( t]rorism 
& relat$ =ms ( illicit f9ance4  7#c7    
,t]rori/s 9 "s in/ances h =m$ symbiotic 

relation%ips )1 or are tak+ ov]1        
transnational crime syndicates1 s t     
fund+ = bo? t]rorism & pr(its f crime   
fl[ 9 ! same fa%ion & (t5 are           
indi/+ui%able4  7#d7 ,me?ods ( conceal+ 
! movem5t ( illicit fund+ *ange quickly 
9 a globaliz$ economy1 & rapid          
te*nological *anges & f9ancial          
innovation pose new risks t may be      
increas+ly difficult = gov]nm5ts to /ay 
abrea/ ( )\t an agile1 con/antly adju/$ 
/rategy to spot1 disrupt1 & prev5t !    
f9anc+ ( t]rorism & relat$ =ms ( illicit
 f9ance4  7#e7 ,a bip>tisan requirem5t  
to create a national anti-money laund]+ 
/rategy enact$ 9 #aiih expir$ 9 #bjjg4  
,giv5 ! rapid globalization & rapid     
te*nology *anges ( ! f9ancial sector1 an
 updat$ /rategy focus$ on ! f9anc+ (    
t]rorism is necess>y4  7#f7 ,x is       
important = ! ,gov]nm5t to h a unifi$   
/rategy to fight f9ancial crime & to    
update x annually1 bo? to accommodate   
new & develop+ ?reats & to help         
,congress develop legislative & fund+   

priorities4  7#g7 ,an effective /rategy 
to c\nt] t]rorism f9anc+ is a critical  
compon5t ( ! broad] c\nt] t]rorism      
/rategy ( ! ,unit$ ,/ates4  #c4         
,developm5t ( national /rategy  7a7 ,9  
g5]al ,! ,presid5t1 act+ ?r\gh !        
,secret>y %all1 9 consultation ) !      
,attorney ,g5]al1 ! ,secret>y ( ,/ate1 !
 ,secret>y ( ,homel& ,security1 !       
,director ( ,national ,intellig5ce1 & ! 
appropriate ,f$]al bank+ ag5cies1       
develop a national /rategy = combat+ !  
f9anc+ ( t]rorism & relat$ =ms ( illicit
 f9ance4  7b7 ,transmittal to ,congress 
7#a7 ,9 g5]al ,n lat] ?an #a 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 ,e #b   
ye>s foll[+ ! initial submission "u     
p>agraph 7#a71 ! ,presid5t %all submit  
to ! appropriate congressional          
committees updat$ v]sions ( ! national  
/rategy4  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  #d4   
,cont5ts  7a7 ,9 g5]al ,! /rategy       
describ$ 9 section #c %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 improve 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$]al        
dep>tm5ts & ag5cies2 &  7ii7 z          
appropriate & consi/5t ) section #cad ( 
! ,int]national ,money ,laund]+         
,abatem5t & ,f9ancial ,anti-,t]rorism   
,act ( #bjja 7#ca ,u4,s4,c4 #ecaa note71
 f9ancial in/itutions to assi/ !        
f9ancial in/itutions 9 ef=ts to comply )
 laws aim$ 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$]al1 
,/ate1 & local (ficials1 includ+ ,/ate  
regulators1 ,/ate & local prosecutors1 &
 o!r law en=cem5t (ficials2 &  7,b7     
coop]ative ef=ts ) & betwe5 gov]nm5ts ( 
c\ntries & ) & betwe5 mult9ational      
in/itutions1 includ+ ! ,f9ancial ,action
 ,task ,=ce1 ) exp]tise 9 fight+ illicit
 f9ance4  7#h7 ,tr5d analysis ( em]g+   
illicit f9ance ?reats ,a discussion ( & 
data reg>d+ tr5ds 9 illicit f9ance1     
includ+ evolv+ =ms ( value transf] su* z
 s-call$ 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  #e4 ,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 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#c7 ! t]m ,secret>y means ! ,secret>y (
 ! ,treasury2 &  7#d7 ! t]m ,/ate means 
ea* ( ! sev]al ,/ates1 ! ,di/rict (     
,columbia1 & ea* t]ritory or possession 
( ! ,unit$ ,/ates4