,i  #aafth ,,congress  #ast ,session    
,h4 ,r4 #ajch  ,,in ,,the ,,house ,,of  
,,representatives  ,february #g1        
#bjai,mr4 ,riggleman introduced the     
following bill2 which was referred to   
the ,committee on ,financial ,services  
,a ,,bill  ,to require the ,treasury to 
take a more prominent role in           
coordinating ,,aml_/,,cft policy and    
examinations across the ,government1 and
 for other purposes4  #a4 ,requiring    
,treasury to take a more prominent role 
in coordinating ,,aml_/,,cft policy and 
examinations across the ,government  7a7
 ,priorities ,not later than nine months
 after the date of the enactment of this
 ,act1 and at least annually thereafter1
 the ,secretary of the ,treasury1 acting
 through the ,office of ,terrorism and  
,financial ,intelligence and the        
,financial ,crimes ,enforcement         
,network1 in consultation with relevant 
,federal law enforcement1 the ,director 
of ,national ,intelligence1 and any     
other ,federal departments and agencies 

that the ,secretary of the ,treasury    
determines appropriate1 shall establish 
and make public its priorities for      
,u4,s4 anti-money laundering and counter
 terrorist financing policy4  7b7       
,supervision and examination ,the       
incorporation by financial institutions 
of the priorities established pursuant  
to subsection 7a7 into the programs     
established by those financial          
institutions to meet obligations under  
the ,bank ,secrecy ,act1 the ,,usa      
,,patriot ,act1 and other anti-money    
laundering and counter terrorist        
financing laws and regulations shall    
form the basis on which the financial   
institutions are supervised and examined
 for compliance with those obligations4 
7c7 ,rule of construction ,nothing in   
subsection 7a7 may be construed as      
releasing financial institutions from   
the requirement to comply with          
obligations under the ,bank ,secrecy    
,act and other ,federal laws and        
regulations4  7d7 ,report ,not later    

than nine months after the date of      
enactment of this ,act1 the ,secretary  
of the ,treasury 7in consultation with  
,federal law enforcement agencies1 the  
,director of ,national ,intelligence1   
and the ,federal functional regulators7 
shall submit to the ,committee on       
,financial ,services of the ,house of   
,representatives and the ,committee on  
,banking1 ,housing1 and ,urban ,affairs 
of the ,senate a report containing--    
7#a7 an analysis of the ,secretary of   
the ,treasury's delegation of           
examination authority under the ,bank   
,secrecy ,act1 including the adequacy of
 the ,department of the ,treasury's     
resources1 capacity1 expertise1 and     
ability to effectively carry out the    
purposes of the ,bank ,secrecy ,act2    
7#b7 an examination of whether the      
,secretary should de-delegate that      
authority with regard to certain        
financial institutions2 and  7#c7       
legislative1 administrative1 and other  
recommendations to strengthen the       

,department of the ,treasury's authority
 to ensure an effective ,u4,s4          
anti-money laundering and counter       
terrorist financing regime4  #b4        
,definitions ,for purposes of this ,act3
 7#a7 ,bank ,secrecy ,act ,the term     
,bank ,secrecy ,act means--  7,a7       
section #ba of the ,federal ,deposit    
,insurance ,act2  7,b7 chapter #b of    
title ,i of ,public ,law #ia-ejh2 and   
7,c7 subchapter ,,ii of chapter #ec of  
title #ca1 ,united ,states ,code4  7#b7 
,financial institution ,the term        
financial institution has the meaning   
given that term under section #ecab of  
title #ca1 ,united ,states ,code4