,i  #aaf? ,,congress  #a/ ,session  ,h4 
,r4 #ajci  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,febru>y #g1 #bjai,mr4
 ,riggleman introduc$ ! foll[+ bill2 :i*
 0 ref]r$ to ! ,committee on ,f9ancial  
,s]vices  ,a ,,bill  ,to /reaml9e       
requirem5ts = curr5cy transaction       
reports & suspici\s activity reports1 & 
= o!r purposes4  #a4 ,/reaml9+          
requirem5ts = curr5cy transaction       
reports & suspici\s activity reports    
7a7 ,review ,! ,secret>y ( ! ,treasury  
79 consultation ) ,f$]al law en=cem5t   
ag5cies1 ! ,director ( ,national        
,intellig5ce1 & ! ,f$]al functional     
regulators & 9 consultation ) o!r       
relevant /akehold]s7 %all und]take a    
=mal review ( ! curr5t f9ancial         
in/itution report+ requirem5ts "u !     
,bank ,secrecy ,act & its implem5t+     
regulations & propose *anges to fur!r   
r$uce regulatory burd5s1 & ensure t !   
in=mation provid$ is ( a high degree (  
usefulness to law en=cem5t1 z set =? "u 
section #ecaa ( title #ca1 ,unit$ ,/ates

 ,code4  7b7 ,cont5ts ,! review requir$ 
"u subsection 7a7 %all include a /udy   
(-- 7#a7 :e!r ! timeframe = fil+ a      
suspici\s activity report %\ld be       
increas$ f #cj days2  7#b7 :e!r or n    
curr5cy transaction report & suspici\s  
activity report ?re%olds %\ld be ti$ to 
inflation or o!rwise p]iodically be     
adju/$2  7#c7 :e!r ! circum/ances "u :i*
 a f9ancial in/itution det]m9es :e!r to 
file a cont9u+ suspici\s activity       
report1 or ! processes foll[$ by a      
f9ancial in/itution 9 det]m9+ :e!r to   
file a cont9u+ suspici\s activity report
 7or bo?7 c be n>r[$2  7#d7 analyz+ !   
fields designat$ z critical on !        
suspici\s activity report =m & :e!r !   
numb] ( fields %\ld be r$uc$2  7#e7 !   
categories1 types1 & *>act]i/ics (      
suspici\s activity reports & curr5cy    
transaction reports t are ( ! greate/   
value to1 & t be/ support1 inve/igative 
priorities ( law en=cem5t & national    
security p]sonnel2  7#f7 ! increas$ use 
( exemption provisions to r$uce curr5cy 

transaction reports t are ( little or no
 value to law en=cem5t ef=ts2  7#g7 !   
mo/ appropriate ways to promote f9ancial
 inclusion & address ! adv]se           
consequ5ces ( f9ancial in/itutions      
de-risk+ entire categories ( high-risk  
relation%ips1 includ+ *>ities1 embassy  
acc\nts1 money s]vice bus9esses 7z def9$
 "u section #ajaj4ajj7;ff7 ( title #ca1 
,code ( ,f$]al ,regulations71 &         
correspond5t banks2  7#h7 ! curr5t      
f9ancial in/itution report+ requirem5ts 
"u ! ,bank ,secrecy ,act & its implem5t+
 regulations & guidance2 &  7#i7 su* o!r
 items z ! ,secret>y det]m9es           
appropriate4  7c7 ,report ,n lat] ?an ! 
end ( ! "o-ye> p]iod beg9n+ on ! date ( 
! enactm5t ( ?is ,act1 ! ,secret>y ( !  
,treasury1 9 consultation ) law en=cem5t
 & p]sons subject to ,bank ,secrecy ,act
 requirem5ts1 %all issue a report to !  
,congress conta9+ all f9d+s &           
det]m9ations made 9 c>ry+ out ! review  
requir$ "u subsection 7a74  #b4         
,def9itions ,= purposes ( ?is ,act3 7#a7

 ,bank ,secrecy ,act ,! t]m ,bank       
,secrecy ,act means--  7,a7 section #ba 
( ! ,f$]al ,deposit ,insurance ,act2    
7,b7 *apt] #b ( title ,i ( ,public ,law 
#ia-ejh2 &  7,c7 sub*apt] ,,ii ( *apt]  
#ec ( title #ca1 ,unit$ ,/ates ,code4   
7#b7 ,f$]al functional regulator ,! t]m 
,f$]al functional regulator has ! mean+ 
giv5 t t]m "u section #ecab ( title #ca1
 ,unit$ ,/ates ,code4  7#c7 ,f9ancial   
in/itution ,! t]m f9ancial in/itution   
has ! mean+ giv5 t t]m "u section #ecab 
( title #ca1 ,unit$ ,/ates ,code4