,i  #aae? ,,congress  #b;d ,session  ,h4
 ,r4 #fgba  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,septemb] #f1         
#bjah,mr4 ,budd 7= himself & ,mr4       
,pe>ce7 introduc$ ! foll[+ bill2 :i* 0  
ref]r$ to ! ,committee on ,f9ancial     
,s]vices  ,a ,,bill  ,to am5d title #ca1
 ,unit$ ,/ates ,code1 to mod]nize !     
rese>*1 developm5t1 in=mation %>+1 &    
acquisition process ( ! ,f9ancial       
,crimes ,en=cem5t ,network1 & = o!r     
purposes4  #a4 ,%ort title ,?is ,act may
 be cit$ z ! ,fin,c,e,n ,mod]nization   
,act ( #bjah4  #b4 ,mod]niz+ ! rese>*1  
developm5t1 in=mation %>+1 & acquisition
 process au?orities ( ! ,f9ancial       
,crimes ,en=cem5t ,network 7,fin,c,e,n7 
,section #caj ( title #ca1 ,unit$ ,/ates
 ,code1 is am5d$ by add+ at ! end !     
foll[+3  7e7 ,mod]niz+ ! rese>*1        
developm5t1 in=mation %>+1 & acquisition
 process  7#a7 ,9 g5]al ,fin,c,e,n %all 
e/abli% & ma9ta9 rese>*1 developm5t1 &  
in=mation %>+ programs t fur!r !        
purposes & objectives ( ! laws adm9i/]$ 

by ,fin,c,e,n1 includ+ programs t--     
7,a7 in=m ,fin,c,e,n ( important        
te*nological advances & innovations l   
ma*9e le>n+ & data analytics t help     
safegu>d f9ancial sy/ems & detect       
illicit activity2  7,b7 facilitate an   
environm5t :]e ^! te*nological advances 
& innovations may be explor$ by         
develop]s & ,fin,c,e,n to evaluate      
pot5tial b5efits = ! f9ancial indu/ry2  
7,c7 id5tify areas :]e ,fin,c,e,n %\ld  
adapt to facilitate ^! te*nological     
advances & innovations1 & enc\rage !    
developm5t ( novel tools t are curr5tly 
n available = use by ,fin,c,e,n t w\ld  
b5efit f9ancial sy/ems monitor$ by      
,fin,c,e,n2  7,d7 ensure t ,fin,c,e,n   
has ! necess>y te*nology to monitor     
cryptocurr5cies & o!r em]g+ f9ancial    
te*nologies = _! pot5tial use 9 money   
laund]+ & cyb] & data security brea*es2 
&  7,e7 facilitate ,fin,c,e,n's ability 
to ex*ange & use in=mation betwe5 o!r   
(fices & bureaus ( ! ,dep>tm5t ( !      
,treasury1 z well z o!r dep>tm5ts )9 !  

,f$]al ,gov]nm5t4  7#b7 ,au?oriz$ means 
,not)/&+ any o!r provision ( law1       
,fin,c,e,n may d ! foll[+ to accompli% !
 requirem5ts describ$ 9 p>agraph 7#a73  
7,a7 ,o!r transaction au?ority          
,fin,c,e,n may ent] into & p]=m         
transactions 7o!r ?an a /&>d contract7 )
 any ag5cy or in/rum5tality ( ! ,unit$  
,/ates1 or ) any ,/ate1 t]ritory1 or    
possession ( ! ,unit$ ,/ates1 or ) any  
political subdivision !re(1 or ) any    
p]son1 firm1 association1 corporation1  
educational in/itution1 self-regulatory 
organization1 =eign gov]nm5t1           
int]national organization1 or o!r       
entity1 on su* t]ms & conditions z !    
,director ( ,fin,c,e,n det]m9es         
appropriate if--  7i7 ! transaction is  
us$ only = ! requirem5ts describ$ 9     
p>agraph 7#a72  7ii7 ,fin,c,e,n         
endeavors to use a competitive process1 
:]e appropriate1 :5 det]m9+ ! p>ties to 
! transaction2 &  7iii7 ! ,director     
makes a writt5 det]m9ation t us+ a /&>d 
contract to d s is ei!r n feasible or n 

appropriate4  7,b7 ,gift acceptance     
au?ority ,dur+ ! #e-ye> p]iod t beg9s ) 
! date ( enactm5t ( ?is subsection1     
,fin,c,e,n may solicit1 accept1 &       
utilize any contribution1 provision (   
access1 gift1 or donation ( tangible or 
intangible prop]ty or s]vice t !        
,director det]m9es appropriate1 f any   
ag5cy or in/rum5tality ( ! ,unit$       
,/ates1 or any ,/ate1 t]ritory1 or      
possession ( ! ,unit$ ,/ate1 or any     
political subdivision !re(1 or any      
p]son1 firm1 association1 corporation1  
educational in/itution1 self-regulatory 
organization1 or o!r entity1 if--  7i7 !
 prop]ty or s]vice is us$ only = !      
requirem5ts describ$ 9 p>agraph 7#a72 & 
7ii7 ! ,director makes a writt5         
det]m9ation t accept+ ! contribution1   
provision ( access1 gift1 or donation is
 consi/5t ) fulfill+ su* requirem5ts1 & 
t us+ ! /&>d contract or o!r transaction
 to d s is nei!r feasible or            
appropriate4  7#c7 ,annual report ,n    
lat] ?an #fj days aft] ! end ( ea*      

fiscal ye>1 ,fin,c,e,n %all submit to ! 
,committee on ,bank+1 ,h\s+1 & ,urban   
,affairs ( ! ,s5ate & ! ,committee on   
,f9ancial ,s]vices ( ! ,h\se (          
,repres5tatives a report on all         
transactions ent]$ into1 & all          
contributions1 provisions ( access1     
gifts1 or donations accept$ "u p>agraph 
7#b71 includ+--  7,a7 a brief           
description ( ! rationale = & purpose ( 
ea* transaction1 contribution1 provision
 ( access1 gift1 or donation1 ) an      
explanation ( its pot5tial utility to   
,fin,c,e,n1 z well z ! curr5t /atus (   
all relat$ projects2  7,b7 ,fin,c,e,n's 
ju/ification = :y x 0 n feasible or     
appropriate to use ! /&>d contract )    
respect to t subject2  7,c7 9 ! case ( a
 transaction o!r ?an a contribution1    
provision ( access1 gift1 or donation1  
an explanation ( ,fin,c,e,n's ef=ts to  
use a competitive process1 or ! reason  
:y su* a process 0 n appropriate2 &     
7,d7 a description ( all sums exp5d$ by 
,fin,c,e,n 9 connection ) a transaction 

&1 if readily available1 ! value ( any  
contribution1 provision ( access1 gift1 
or donation4  4