,,ii #aaeth ,,congress #ast ,session ,s4 #ieb ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,april #bf1 #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 ,increasing the role of the financial industry in combating human trafficking 7a7 ,treasury as a member of the ,president's ,interagency ,task ,force to ,monitor and ,combat ,trafficking ,section #aje7;b7 of the ,victims of ,trafficking and ,violence ,protection ,act of #bjjj 7#bb ,u4,s4,c4 #gajc7;b77 is amended by inserting the ,secretary of the ,treasury1 after the ,secretary of ,education14 7b7 ,required review of procedures ,not later than #ahj days after the date of enactment of this ,act1 the ,federal ,financial ,institutions ,examination ,council shall1 in consultation with the ,secretary of the ,treasury and other appropriate law enforcement agencies1 take the following actions3 7#a7 ,review and enhance1 where necessary1 training and examinations procedures to improve the ability of anti-money laundering programs to target human trafficking operations4 7#b7 ,review and enhance1 where necessary1 procedures for referring potential human trafficking cases to the appropriate law enforcement agency4 7c7 ,interagency task force recommendations targeting money laundering related to human trafficking 7#a7 ,in general ,not later than #ahj days after the date of enactment of this ,act1 the ,interagency ,task ,force to ,monitor and ,combat ,trafficking shall prepare and submit to ,congress1 the ,secretary of the ,treasury1 and each appropriate ,federal banking agency a series of legislative1 administrative1 and regulatory recommendations1 if necessary1 to revise anti-money laundering programs of financial institutions in order to specifically target money laundering related to human trafficking1 as described in paragraph 7#b74 7#b7 ,required recommendations ,the recommendations required under paragraph 7#a7 shall1 at a minimum1 include the following3 7,a7 ,successful anti-human trafficking programs currently in place at financial institutions that are suitable for broader adoption4 7,b7 ,recommended changes1 if necessary1 to the internal policies1 procedures1 and controls at financial institutions so that such institutions can better deter and detect money laundering related to human trafficking4 7,c7 ,recommended changes1 if necessary1 to ongoing employee training programs at financial institutions so that those institutions can better equip employees to deter and detect money laundering related to human trafficking1 including the training of legal counsel1 risk managers1 and compliance officers4 7,d7 ,recommended revisions1 if necessary1 to existing regulatory requirements and guidelines for the reporting of suspicious transactions by financial institutions1 as required pursuant to section #ecah7;g7 of title #ca1 ,united ,states ,code1 in order to facilitate the collection of data on instances of suspected human trafficking4 7d7 ,additional reporting requirement ,section #aaj7;b7 of the ,trafficking ,victims ,protection ,act of #bjjj 7#bb ,u4,s4,c4 #gajg7;b77 is amended by adding at the end the following3 7#d7 ,description of efforts of ,united ,states to eliminate money laundering related to human trafficking ,in addition to the information required in the annual report under paragraph 7#a7 and the interim report under paragraph 7#b71 the ,attorney ,general1 in consultation with the ,secretary of the ,treasury1 shall include in each such report a description of efforts of the ,united ,states to eliminate money laundering related to human trafficking and the number of investigations1 arrests1 indictments and convictions in money laundering cases with a nexus to human trafficking4 4 7e7 ,limitation ,nothing in this ,act shall be construed to grant rule making authority to the ,interagency ,task ,force to ,monitor and ,combat ,trafficking4 7f7 ,definitions ,as used in this section-- 7#a7 the term anti-money laundering program means any program established by a financial institution pursuant to section #ecah7;h7 of title #ca1 ,united ,states ,code2 7#b7 the term appropriate ,federal banking agency has the meaning given the term in section #c7q7 of the ,federal ,deposit ,insurance ,act 7#ab ,u4,s4,c4 #ahac7q772 7#c7 the term human trafficking means-- 7,a7 sex trafficking in which a commercial sex act is induced by force1 fraud1 or coercion1 or in which the person induced to perform such act has not attained #ah years of age2 or 7,b7 the recruitment1 harboring1 transportation1 provision1 or obtaining of a person for labor or services1 through the use of force1 fraud1 or coercion for the purpose of subjection to involuntary servitude1 peonage1 debt bondage1 or slavery2 7#d7 the term ,interagency ,task ,force to ,monitor and ,combat ,trafficking means the ,interagency ,task ,force to ,monitor and ,combat ,trafficking established by the ,president pursuant to section #aje of the ,victims of ,trafficking and ,violence ,protection ,act of #bjjj 7#bb ,u4,s4,c4 #gajc72 and 7#e7 the term law enforcement agency means an agency of the ,united ,states1 a ,state1 or a political subdivision of a ,state1 authorized by law or by a government agency to engage in or supervise the prevention1 detection1 investigation1 or prosecution of any violation of criminal or civil law4