#aae? ,,congress #b;d ,session ,h4 ,r4 #ejcf ,,an ,,act ,to e/abli% an ,indep5d5t ,f9ancial ,te*nology ,task ,=ce1 to provide rew>ds = in=mation lead+ to convictions relat$ to t]rori/ use ( digital curr5cies1 to e/abli% a ,fin,tech ,lead]%ip 9 ,innovation ,program to enc\rage ! developm5t ( tools & programs to combat t]rori/ & illicit use ( digital curr5cies1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,f9ancial ,te*nology ,protection ,act4 #b4 ,s5se ( ,congress ,x is ! s5se ( ,congress t ! ,f$]al ,gov]nm5t %\ld prioritize ! inve/igation ( t]rori/ & illicit use ( new f9ancial te*nology1 includ+ digital curr5cies4 #c4 ,indep5d5t ,f9ancial ,te*nology ,task ,=ce 7a7 ,e/abli%m5t ,!re is e/abli%$ ! ,indep5d5t ,f9ancial ,te*nology ,task ,=ce 7! ,task ,=ce71 :i* %all consi/ (-- 7#a7 ! ,secret>y ( ! ,treasury1 :o %all s]ve z ! head ( ! ,task ,=ce2 7#b7 ! ,attorney ,g5]al2 7#c7 ! ,director ( ! ,c5tral ,intellig5ce ,ag5cy2 7#d7 ! ,director ( ! ,f9ancial ,crimes ,en=cem5t ,network2 7#e7 ! ,director ( ! ,secret ,s]vice2 7#f7 ! ,director ( ! ,f$]al ,bureau ( ,inve/igation2 & 7#g7 #f individuals appo9t$ by ! ,secret>y ( ! ,treasury to repres5t ! private sector 7includ+ ! bank+ indu/ry1 nonpr(it gr\ps1 & ?9k tanks71 ) at lea/ #a ( su* individuals hav+ exp]i5ce 9 ! ,f9te* indu/ry4 7b7 ,duties ,! ,task ,=ce %all-- 7#a7 conduct indep5d5t rese>* on t]rori/ & illicit use ( new f9ancial te*nologies1 includ+ digital curr5cies2 & 7#b7 develop legislative & regulatory proposals to improve c\nt]-t]rori/ & c\nt]-illicit f9anc+ ef=ts4 7c7 ,annual congressional report ,n lat] ?an #a ye> aft] ! date ( ! enactm5t ( ?is ,act1 & annually !reaft]1 ! ,task ,=ce %all issue a report to ! ,congress conta9+ ! f9d+s & det]m9ations made by ! ,task ,=ce 9 ! previ\s ye> & any legislative & regulatory proposals develop$ by ! ,task ,=ce4 #d4 ,rew>ds = in=mation relat$ to t]rori/ use ( digital curr5cies 7a7 ,9 g5]al ,! ,secret>y ( ! ,treasury1 9 consultation ) ! ,attorney ,g5]al1 %all e/abli% a fund to pay a rew>d1 n to exce$ #dej1jjj1 to any p]son :o provides in=mation lead+ to ! conviction ( an individual involv$ ) t]rori/ use ( digital curr5cies4 7b7 ,use ( f9es & =feitures ,) respect to f9es & =feitures relat$ to ! conviction ( an individual involv$ ) t]rori/ use ( digital curr5cies1 ! ,secret>y ( ! ,treasury %all1 subject to ! availability ( appropriations made 9 advance-- 7#a7 use su* am\nts to pay rew>ds "u ?is section relat$ to su* conviction2 & 7#b7 ) respect to any su* am\nts rema9+ aft] paym5ts are made "u p>agraphs 7#a7 & 7#b71 deposit su* am\nts 9 ! ,fin,tech ,lead]%ip 9 ,innovation ,program4 #e4 ,fin,tech ,lead]%ip 9 ,innovation ,program 7a7 ,e/abli%m5t ,!re is e/abli%$ a program to be kn[n z ! ,fin,tech ,lead]%ip 9 ,innovation ,program1 :i* %all be fund$ z provid$ "u section #d7;b77#b74 7b7 ,innovation grants 7#a7 ,9 g5]al ,! ,secret>y ( ! ,treasury %all make grants = ! developm5t ( tools & programs to detect t]rori/ & illicit use ( digital curr5cies4 7#b7 ,eligible recipi5ts ,! ,secret>y may make grants "u ?is subsection to entities locat$ 9 ! ,unit$ ,/ates1 includ+ academic in/itutions1 companies1 nonpr(it in/itutions1 individuals1 & any o!r entities locat+ 9 ! ,unit$ ,/ates t ! ,secret>y det]m9es appropriate4 7#c7 ,eligible projects ,) respect to tools & programs describ$ "u p>agraph 7#a71 9 addition to grants = ! developm5t ( su* tools & programs1 ! ,secret>y may make grants "u ?is subsection to c>ry out pilot programs us+ su* tools1 ! developm5t ( te/ cases us+ su* tools1 & rese>* relat$ to su* tools4 7#d7 ,pref]5ces ,9 mak+ grants "u ?is subsection1 ! ,secret>y %all give pref]5ce to-- 7,a7 te*nology t is nonpropriet>y or t is community commons-bas$2 7,b7 comput] code t is develop$ & releas$ on an op5 s\rce basis2 7,c7 tools t are proactive 7su* z meet+ regulatory requirem5ts "u "k y\r cu/om] & anti-money laund]+ requirem5ts = any entity t has to comply ) ,u4,s4 ,gov]nm5t regulations7 vs4 reactive 7su* z aid+ law en=cem5t organizations 9 cat*+ illegal activity aft] ! fact72 & 7,d7 tools & inc5tives t are on dec5traliz$ plat=ms4 7#e7 ,o!r requirem5ts 7,a7 ,use ( exi/+ global /&>ds ,any new te*nology develop$ ) a grant made "u ?is subsection %all be bas$ on exi/+ global /&>ds1 su* z ^? develop$ by ! ,int]net ,eng9e]+ ,task ,=ce 7,,ietf7 & ! ,_w ,wide ,web ,consortium 7,w#c;,c74 7,b7 ,support+ exi/+ laws or regulations ,tools & programs develop$ ) a grant made "u ?is subsection %all be 9 support ( exi/+ laws or regulations1 includ+ ! ,bank ,secrecy ,act1 & make ef=ts to balance privacy & anti-money laund]+ conc]ns4 7,c7 ,op5 access requirem5t ,tools & programs develop$ ) a grant made "u ?is subsection %all be freely accessible & usable by ! public4 ,?is requirem5t may be fulfill$ by publicly avail+ application programm+ int]faces or s(tw>e developm5t kits4 #f4 ,def9itions ,= purposes ( ?is ,act3 7#a7 ,bank ,secrecy ,act ,! t]m ,bank ,secrecy ,act means-- 7,a7 section #ba ( ! ,f$]al ,deposit ,insurance ,act2 7,b7 *apt] #b ( title ,i ( ,public ,law #ia-ejh2 & 7,c7 sub*apt] ,,ii ( *apt] #ec ( title #ca1 ,unit$ ,/ates ,code4 7#b7 ,digital curr5cy ,! t]m digital curr5cy-- 7,a7 means a digital repres5tation ( value t-- 7i7 is us$ z a m$ium ( ex*ange1 unit ( acc\nt1 or /ore ( value2 & 7ii7 is n e/abli%$ legal t5d]1 :e!r or n d5om9at$ 9 e/abli%$ legal t5d]2 & 7,b7 does n include-- 7i7 a transaction 9 :i* a m]*ant grants1 z "p ( an aff9ity or rew>ds program1 value t _c be tak5 f or ex*ang$ ) ! m]*ant = legal t5d]1 bank cr$it1 or digital curr5cy2 or 7ii7 a digital repres5tation ( value issu$ by or on behalf ( a publi%] & us$ solely )9 an onl9e game1 game plat=m1 or family ( games sold by ! same publi%] or (f]$ on ! same game plat=m4 7#c7 ,t]rori/ ,! t]m t]rori/ includes a p]son c>ry+ out dome/ic t]rorism or int]national t]rorism 7z su* t]ms are def9$1 respectively1 "u section #bcca ( title #ah1 ,unit$ ,/ates ,code74 ,pass$ ! ,h\se ( ,repres5tatives ,septemb] #bf1 #bjah4;,cl]k4