,i  #aaeth ,,congress  #b;d ,session    
,h4 ,r4 #fhdi  ,,in ,,the ,,house ,,of  
,,representatives  ,september #bj1      
#bjah,mr4 ,budd introduced the following
 bill2 which was referred to the        
,committee on ,financial ,services  ,a  
,,bill  ,to amend title #ca1 ,united    
,states ,code1 to encourage the use of  
technological innovations1 and for other
 purposes4  #a4 ,short title ,this ,act 
may be cited as the ,bank ,secrecy      
,innovation ,act4  #b4 ,encouraging the 
use of technological innovations        
,section #ecah7;h7 of title #ca1 ,united
 ,states ,code1 is amended by adding at 
the end the following3  7#d7            
,encouraging the use of technological   
innovations  7,a7 ,in general ,the      
,secretary of the ,treasury shall1 in   
carrying out this subsection1 encourage 
but not require the use of technological
 innovations that improve anti-money    
laundering programs described under     
paragraph 7#a74  7,b7 ,safe harbor ,an  
anti-money laundering program that meets

 the minimum requirements described     
under paragraph 7#a7 and any minimum    
standards issued pursuant to paragraph  
7#b71 shall not violate the requirements
 of this subsection by reason of any    
technological innovation used to carry  
out such program4  7,c7 ,rule of        
construction ,nothing in subparagraph   
7,a7 may be construed as releasing      
financial institutions from the         
requirement to comply with existing     
obligations under the ,bank ,secrecy    
,act and other ,federal laws and        
regulations4  4