,i  #aaeth ,,congress  #b;d ,session    
,h4 ,r4 #fhec  ,,in ,,the ,,house ,,of  
,,representatives  ,september #bj1      
#bjah,mr4 ,hill introduced the following
 bill2 which was referred to the        
,committee on ,financial ,services  ,a  
,,bill  ,to amend title #ca1 ,united    
,states ,code1 with respect to sharing  
of suspicious activity reports within a 
financial group1 and for other purposes4
  #a4 ,sharing of suspicious activity   
reports within a financial group  7a7   
,in general  7#a7 ,sharing with foreign 
branches and affiliates ,section        
#ecah7;g7 of title #ca1 ,united ,states 
,code1 is amended by adding at the end  
the following3  7#e7 ,sharing with      
foreign branches1 subsidiaries1 and     
affiliates  7,a7 ,in general ,not later 
than #ahj days after the date of the    
enactment of this paragraph1 the        
,secretary of the ,treasury shall issue 
rules permitting any financial          
institution with a reporting obligation 
under this subsection to share          

information on reports under this       
subsection with the institution's       
foreign branches1 subsidiaries1 and     
affiliates for the purposes of combating
 illicit finance risks1 notwithstanding 
any other provision of law except       
subparagraph 7,b74  7,b7 ,exception ,in 
issuing the regulations required under  
subparagraph 7,a71 the ,secretary may   
not permit a financial institution to   
share information on reports under this 
subsection with a foreign branch1       
subsidiary1 or affiliate located in a   
jurisdiction that--  7i7 is subject to  
countermeasures imposed by the ,federal 
,government2 or  7ii7 the ,secretary has
 determined cannot reasonably protect   
the privacy and confidentiality of such 
information4  4  7#b7 ,notification     
prohibitions ,section #ecah7;g77#b77;,a7
 of title #ca1 ,united ,states ,code1 is
 amended-- 7,a7 in clause 7i71 by       
inserting after transaction has been    
reported the following3 or otherwise    
reveal any information that would reveal

 that the transaction has been reported1
 including materials prepared or used by
 the financial institution for the      
purpose of identifying and detecting    
potentially suspicious activity2 and    
7,b7 in clause 7ii71 by inserting after 
transaction has been reported1 the      
following3 or otherwise reveal any      
information that would reveal that the  
transaction has been reported1 including
 materials prepared or used by the      
financial institution for the purpose of
 identifying and detecting potentially  
suspicious activity14  7b7 ,rulemaking  
,not later than the end of the #ahj-;day
 period beginning on the date of        
enactment of this ,act1 the ,secretary  
of the ,treasury shall issue regulations
 to carry out the amendments made by    
this section4