,,ii #aaeth ,,congress #ast ,session ,s4 #bjhj ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,november #f1 #bjag,ms4 ,warren 7for herself and ,mr4 ,rubio7 introduced the following bill2 which was read twice and referred to the ,committee on ,banking1 ,housing1 and ,urban ,affairs ,a ,,bill ,to increase the role of the financial industry in combating human trafficking4 #a4 ,short title ,this ,act may be cited as the ,end ,banking for ,human ,traffickers ,act of #bjag4 #b4 ,coordination of human trafficking issues by the ,office of ,terrorism and ,financial ,intelligence 7a7 ,functions ,section #cab7;a77#d7 of title #ca1 ,united ,states ,code1 is amended-- 7#a7 by redesignating subparagraphs 7,e71 7,f71 and 7,g7 as subparagraphs 7,f71 7,g71 and 7,h71 respectively2 and 7#b7 by inserting after subparagraph 7,d7 the following3 7,e7 combating illicit financing relating to human trafficking2 4 7b7 ,interagency coordination ,section #cab7;a7 of such title is amended by adding at the end the following3 7#h7 ,interagency coordination ,the ,secretary of the ,treasury1 after consultation with the ,undersecretary for ,terrorism and ,financial ,crimes1 shall designate an office within the ,,otfi that shall coordinate efforts to combat the illicit financing of human trafficking with-- 7,a7 other offices of the ,department of the ,treasury2 7,b7 other ,federal agencies1 including-- 7i7 the ,office to ,monitor and ,combat ,trafficking in ,persons of the ,department of ,state2 and 7ii7 the ,interagency ,task ,force to ,monitor and ,combat ,trafficking2 7,c7 ,state and local law enforcement agencies2 and 7,d7 foreign governments4 4 #c4 ,strengthening the role of anti-money laundering and other financial tools in combating human trafficking 7a7 ,interagency task force recommendations targeting money laundering related to human trafficking 7#a7 ,in general ,not later than #bgj days after the date of the enactment of this ,act1 the ,interagency ,task ,force to ,monitor and ,combat ,trafficking shall submit to the ,committee on ,banking1 ,housing1 and ,urban ,affairs of the ,senate1 the ,committee on the ,judiciary of the ,senate1 the ,committee on ,financial ,services of the ,house of ,representatives1 the ,committee on the ,judiciary of the ,house of ,representatives1 the ,secretary of the ,treasury1 and each appropriate ,federal banking agency-- 7,a7 an analysis of anti-money laundering efforts of the ,united ,states ,government and ,united ,states financial institutions related to human trafficking2 and 7,b7 appropriate legislative1 administrative1 and other recommendations to strengthen efforts against money laundering relating to human trafficking4 7#b7 ,required recommendations ,the recommendations under paragraph 7#a7 shall include-- 7,a7 best practices based on successful anti-human trafficking programs currently in place at financial institutions that are suitable for broader adoption2 7,b7 stakeholder feedback on policy proposals derived from the analysis conducted by the task force referred to in paragraph 7#a7 that would enhance the efforts and programs of financial institutions to detect and deter money laundering related to human trafficking1 including any recommended changes to internal policies1 procedures1 and controls related to human trafficking2 7,c7 any recommended changes to training programs at financial institutions to better equip employees to deter and detect money laundering related to human trafficking2 and 7,d7 any recommended changes to expand human trafficking-related information sharing among financial institutions and between such financial institutions1 appropriate law enforcement agencies1 and appropriate ,federal agencies4 7b7 ,additional reporting requirement ,section #aje7;d77#g7 of the ,trafficking ,victims ,protection ,act of #bjjj 7#bb ,u4,s4,c4 #gajc7;d77#g77 is amended-- 7#a7 in the matter preceding subparagraph 7,a7-- 7,a7 by inserting the ,committee on ,financial ,services1 after the ,committee on ,foreign ,affairs2 and 7,b7 by inserting the ,committee on ,banking1 ,housing1 and ,urban ,affairs after the ,committee on ,foreign ,relations12 7#b7 in subparagraph 7,q77vii71 by striking 2 and and inserting a semicolon2 7#c7 in subparagraph 7,r71 by striking the period at the end and inserting 2 and2 and 7#d7 by adding at the end the following3 7,s7 the efforts of the ,united ,states to eliminate money laundering related to human trafficking and the number of investigations1 arrests1 indictments1 and convictions in money laundering cases with a nexus to human trafficking4 4 7c7 ,required review of procedures ,not later than #ahj days after the date of the enactment of this ,act1 the ,federal ,financial ,institutions ,examination ,council1 in consultation with the ,secretary of the ,treasury1 the private sector1 and appropriate law enforcement agencies1 shall-- 7#a7 review and enhance training and examinations procedures to improve the surveillance capabilities of anti-money laundering1 and countering the financing of terrorism programs to detect human trafficking-related financial transactions2 7#b7 review and enhance procedures for referring potential human trafficking cases to the appropriate law enforcement agency2 and 7#c7 determine1 as appropriate1 whether requirements for financial institutions and covered financial institutions are sufficient to detect and deter money laundering related to human trafficking4