,i #aaf? ,,congress #a/ ,session ,h4 ,r4 #bie ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,janu>y #h1 #bjai,mr4 ,fitzpatrick 7= himself1 ,mr4 ,keat+1 ,mr4 ,mc,caul1 & ,mrs4 ,c>olyn ,b4 ,maloney ( ,new ,york7 introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,=eign ,affairs1 & 9 addition to ! ,committee on ,f9ancial ,s]vices1 = a p]iod to be subsequ5tly det]m9$ by ! ,speak]1 9 ea* case = consid]ation ( su* provisions z fall )9 ! jurisdiction ( ! committee conc]n$ ,a ,,bill ,to increase ! role ( ! f9ancial indu/ry 9 combat+ human traffick+4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,end ,bank+ = ,human ,traffick]s ,act ( #bjai4 #b4 ,increas+ ! role ( ! f9ancial indu/ry 9 combat+ human traffick+ 7a7 ,treasury z a memb] ( ! ,presid5t's ,int]ag5cy ,task ,=ce ,to ,monitor & ,combat ,traffick+ ,section #aje7;b7 ( ! ,victims ( ,traffick+ & ,viol5ce ,protection ,act ( #bjjj 7#bb ,u4,s4,c4 #gajc7;b77 is am5d$ by ins]t+ ! ,secret>y ( ! ,treasury1 aft] ! ,secret>y ( ,education14 7b7 ,requir$ review ( proc$ures ,n lat] ?an #ahj days aft] ! date ( ! enactm5t ( ?is ,act1 ! ,f9ancial ,in/itutions ,exam9ation ,c\ncil1 9 consultation ) ! ,secret>y ( ! ,treasury1 ! private sector1 victims ( sev]e =ms ( traffick+ 9 p]sons1 advocates ( p]sons at risk ( becom+ victims ( sev]e =ms ( traffick+ 9 p]sons1 & appropriate law en=cem5t ag5cies1 %all-- 7#a7 review & enhance tra9+ & exam9ations proc$ures to improve ! capabilities ( anti-money laund]+ & c\nt]+ ! f9anc+ ( t]rorism programs to detect f9ancial transactions relat+ to sev]e =ms ( traffick+ 9 p]sons2 7#b7 review & enhance proc$ures = ref]r+ pot5tial cases relat+ to sev]e =ms ( traffick+ 9 p]sons to ! appropriate law en=cem5t ag5cy2 & 7#c7 det]m9e1 z appropriate1 :e!r requirem5ts = f9ancial in/itutions are suffici5t to detect & det] money laund]+ relat+ to sev]e =ms ( traffick+ 9 p]sons4 7c7 ,int]ag5cy task =ce recomm5dations t>get+ money laund]+ relat$ to human traffick+ 7#a7 ,9 g5]al ,n lat] ?an #bgj days aft] ! date ( ! enactm5t ( ?is ,act1 ! ,int]ag5cy ,task ,=ce ,to ,monitor & ,combat ,traffick+ %all submit to ! ,committee on ,f9ancial ,s]vices & ! ,committee on ! ,judici>y ( ! ,h\se ( ,repres5tatives1 ! ,committee on ,bank+1 ,h\s+1 & ,urban ,affairs & ! ,committee on ! ,judici>y ( ! ,s5ate1 & ! head ( ea* appropriate ,f$]al bank+ ag5cy-- 7,a7 an analysis ( anti-money laund]+ ef=ts ( ! ,unit$ ,/ates ,gov]nm5t & ,unit$ ,/ates f9ancial in/itutions relat+ to sev]e =ms ( traffick+ 9 p]sons2 & 7,b7 appropriate legislative1 adm9i/rative1 & o!r recomm5dations to /r5g!n ef=ts aga9/ money laund]+ relat+ to sev]e =ms ( traffick+ 9 p]sons4 7#b7 ,requir$ recomm5dations ,! recomm5dations "u p>agraph 7#a7 %all include-- 7,a7 fe$back f f9ancial in/itutions on be/ practices ( successful programs to combat sev]e =ms ( traffick+ 9 p]sons curr5tly 9 place t may be suitable = broad] adoption by simil>ly situat$ f9ancial in/itutions2 7,b7 fe$back f /akehold]s1 includ+ victims ( sev]e =ms ( traffick+ 9 p]sons1 advocates ( p]sons at risk ( becom+ victims ( sev]e =ms ( traffick+ 9 p]sons1 & f9ancial in/itutions1 on policy proposals d]iv$ f ! analysis conduct$ by ! task =ce ref]r$ to 9 p>agraph 7#a7 t w\ld enhance ! ef=ts & programs ( f9ancial in/itutions to detect & det] money laund]+ relat+ to sev]e =ms ( traffick+ 9 p]sons1 includ+ any recomm5d$ *anges to int]nal policies1 proc$ures1 & controls relat+ to sev]e =ms ( traffick+ 9 p]sons2 7,c7 any recomm5d$ *anges to tra9+ programs at f9ancial in/itutions to bett] equip employees to det] & detect money laund]+ relat+ to sev]e =ms ( traffick+ 9 p]sons2 7,d7 any recomm5d$ *anges to exp& in=mation %>+ relat+ to sev]e =ms ( traffick+ 9 p]sons among f9ancial in/itutions & betwe5 su* f9ancial in/itutions1 appropriate law en=cem5t ag5cies1 & appropriate ,f$]al ag5cies2 & 7,e7 recomm5d$ *anges1 if necess>y1 to exi/+ /atutory law to m effectively detect & det] money laund]+ relat+ to sev]e =ms ( traffick+ 9 p]sons1 :]e su* money laund]+ involves ! use ( em]g+ te*nologies & virtual curr5cies4 7d7 ,limitation ,no?+ 9 ?is ,act %all be con/ru$ to-- 7#a7 grant rulemak+ au?ority to ! ,int]ag5cy ,task ,=ce ,to ,monitor & ,combat ,traffick+2 or 7#b7 enc\rage f9ancial in/itutions to d5y s]vices to victims ( traffick+1 victims ( sev]e =ms ( traffick+ 9 p]sons1 or individuals n responsible = promot+ sev]e =ms ( traffick+ 9 p]sons4 7e7 ,def9itions ,z us$ 9 ?is section-- 7#a7 ! t]m appropriate ,f$]al bank+ ag5cy has ! mean+ giv5 ! t]m 9 section #c7q7 ( ! ,f$]al ,deposit ,insurance ,act 7#ab ,u4,s4,c4 #ahac7q772 7#b7 ! t]m sev]e =ms ( traffick+ 9 p]sons has ! mean+ giv5 su* t]m 9 section #ajc ( ! ,traffick+ ,victims ,protection ,act ( #bjjj 7#bb ,u4,s4,c4 #gajb72 7#c7 ! t]m ,int]ag5cy ,task ,=ce ,to ,monitor & ,combat ,traffick+ means ! ,int]ag5cy ,task ,=ce ,to ,monitor & ,combat ,traffick+ e/abli%$ by ! ,presid5t pursuant to section #aje ( ! ,victims ( ,traffick+ & ,viol5ce ,protection ,act ( #bjjj 7#bb ,u4,s4,c4 #gajc72 & 7#d7 ! t]m law en=cem5t ag5cy means an ag5cy ( ! ,unit$ ,/ates1 a ,/ate1 or a political subdivision ( a ,/ate1 au?oriz$ by law or by a gov]nm5t ag5cy to engage 9 or sup]vise ! prev5tion1 detection1 inve/igation1 or prosecution ( any violation ( crim9al or civil law4 #c4 ,coord9ation ( human traffick+ issues by ! ,(fice ( ,t]rorism & ,f9ancial ,intellig5ce 7a7 ,functions ,section #cab7;a77#d7 ( title #ca1 ,unit$ ,/ates ,code1 is am5d$-- 7#a7 by r$esignat+ subp>agraphs 7,e71 7,f71 & 7,g7 z subp>agraphs 7,f71 7,g71 & 7,h71 respectively2 & 7#b7 by ins]t+ aft] subp>agraph 7,d7 ! foll[+3 7,e7 combat+ illicit f9anc+ relat+ to sev]e =ms ( traffick+ 9 p]sons2 4 7b7 ,int]ag5cy coord9ation ,section #cab7;a7 ( title #ca1 ,unit$ ,/ates ,code1 is am5d$ by add+ at ! end ! foll[+3 7#h7 ,int]ag5cy coord9ation ,! ,secret>y ( ! ,treasury1 aft] consultation ) ! ,und]secret>y = ,t]rorism & ,f9ancial ,crimes1 %all designate an (fice )9 ! ,,otfi t %all coord9ate ef=ts to combat ! illicit f9anc+ ( sev]e =ms ( traffick+ 9 p]sons )-- 7,a7 o!r (fices ( ! ,dep>tm5t ( ! ,treasury2 7,b7 o!r ,f$]al ag5cies1 includ+-- 7i7 ! ,(fice ,to ,monitor & ,combat ,traffick+ 9 ,p]sons ( ! ,dep>tm5t ( ,/ate2 & 7ii7 ! ,int]ag5cy ,task ,=ce ,to ,monitor & ,combat ,traffick+2 7,c7 ,/ate & local law en=cem5t ag5cies2 & 7,d7 =eign gov]nm5ts4 4 7c7 ,def9ition ,section #cab7;a7 ( title #ca1 ,unit$ ,/ates ,code1 z am5d$ by ?is section1 is fur!r am5d$ by add+ at ! end ! foll[+3 7#i7 ,def9ition ,9 ?is subsection1 ! t]m sev]e =ms ( traffick+ 9 p]sons has ! mean+ giv5 su* t]m 9 section #ajc ( ! ,traffick+ ,victims ,protection ,act ( #bjjj 7#bb ,u4,s4,c4 #gajb74 4 #d4 ,additional report+ requirem5t "u ! ,traffick+ ,victims ,protection ,act ( #bjjj ,section #aje7;d77#g7 ( ! ,traffick+ ,victims ,protection ,act ( #bjjj 7#bb ,u4,s4,c4 #gajc7;d77#g77 is am5d$-- 7#a7 9 ! matt] prec$+ subp>agraph 7,a7-- 7,a7 by ins]t+ ! ,committee on ,f9ancial ,s]vices1 aft] ! ,committee on ,=eign ,affairs12 & 7,b7 by ins]t+ ! ,committee on ,bank+1 ,h\s+1 & ,urban ,affairs1 aft] ! ,committee on ,=eign ,relations12 7#b7 9 subp>agraph 7,q77vii71 by /rik+ 2 & & ins]t+ a semicolon2 7#c7 9 subp>agraph 7,r71 by /rik+ ! p]iod at ! end & ins]t+ 2 &2 & 7#d7 by add+ at ! end ! foll[+3 7,s7 ! ef=ts ( ! ,unit$ ,/ates to elim9ate money laund]+ relat+ to sev]e =ms ( traffick+ 9 p]sons & ! numb] ( inve/igations1 arre/s1 indictm5ts1 & convictions 9 money laund]+ cases ) a nexus to sev]e =ms ( traffick+ 9 p]sons4 4 #e4 ,m9imum /&>ds = ! elim9ation ( traffick+ ,section #ajh7;b7 ( ! ,traffick+ ,victims ,protection ,act ( #bjjj 7#bb ,u4,s4,c4 #gajf7;b77 is am5d$ by add+ at ! end ! foll[+ new p>agraph3 7#ac7 ,:e!r ! gov]nm5t ( ! c\ntry1 consi/5t ) ! capacity ( ! c\ntry1 has 9 effect a framework to prev5t f9ancial transactions involv+ ! proce$s ( sev]e =ms ( traffick+ 9 p]sons1 & is tak+ /eps to implem5t su* a framework1 includ+ by inve/igat+1 prosecut+1 convict+1 & s5t5c+ individuals :o attempt or conduct su* transactions4 4