,i  #aafth ,,congress  #b;d ,session    
,h4 ,r4 #gdbb  ,,in ,,the ,,house ,,of  
,,representatives  ,june #cj1 #bjbj,ms4 
,gabbard introduced the following bill2 
which was referred to the ,committee on 
,financial ,services  ,a ,,bill  ,to    
require the ,federal financial          
regulators to issue guidance to         
encourage depository institutions to    
establish programs to educate customers 
at risk of unwittingly becoming money   
mules4  #a4 ,short title ,this ,act may 
be cited as the ,money ,mule ,awareness 
,act4  #b4 ,findings ,congress finds the
 following3 7#a7 ,criminals frequently  
recruit unwitting participants to move  
and hide illicit funds through the      
,u4,s4 financial system4  7#b7 ,the     
,federal ,trade ,commission has issued  
materials to help educate consumers     
about money mule schemes4  7#c7 ,in     
,april #bjbj1 the ,federal ,bureau of   
,investigation issued a warning and     
guidance to the public of money mule    
schemes exploiting the ,,covid-#ai      

pandemic4  7#d7 ,depository financial   
institutions can be unwitting           
participants in fraudulent transactions 
by money mules and should be encouraged 
to educate at-risk customers of money   
mule schemes4  #c4 ,guidance on money   
mule education programs  7a7 ,guidance  
,the ,federal financial regulators      
shall1 jointly1 issue guidance to       
encourage depository institutions to    
establish programs to educate customers 
at risk of unwittingly becoming money   
mules4  7b7 ,consultation ,in issuing   
the guidance required under subsection  
7a71 the ,federal financial regulators  
shall consult with the ,attorney        
,general1 the ,director of the ,federal 
,bureau of ,investigation1 the ,director
 of the ,united ,states ,secret         
,service1 and the ,federal ,trade       
,commission4  7c7 ,definitions ,in this 
section3 7#a7 ,depository institution   
,the term depository institution-- 7,a7 
has the meaning given that term under   
section #c of the ,federal ,deposit     

,insurance ,act2 and  7,b7 means a      
,state credit union and a ,federal      
credit union1 as such terms are defined 
under section #aja of the ,federal      
,credit ,union ,act4  7#b7 ,federal     
financial regulators ,the term ,federal 
financial regulators means the ,board of
 ,governors of the ,federal ,reserve    
,system1 the ,comptroller of the        
,currency1 the ,director of the         
,financial ,crimes ,enforcement         
,network1 the ,federal ,deposit         
,insurance ,corporation1 and the        
,national ,credit ,union ,administration
 ,board4  7#c7 ,money mule ,the term    
money mule means a person who transfers 
illegally acquired money on behalf of or
 at the direction of another4