,i  #aag? ,,congress  #b;d ,session  ,h4
 ,r4 #gfbc  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,april #bh1 #bjbb,mr4 
,davidson introduc$ ! foll[+ bill2 :i* 0
 ref]r$ to ! ,committee on ,f9ancial    
,s]vices  ,a ,,bill  ,to increase !     
effectiv5ess & acc\ntability ( !        
,f9ancial ,crimes ,en=cem5t ,network ( !
 ,dep>tm5t ( ! ,treasury & to protect ! 
fre$om & privacy ( ,am]icans1 & = o!r   
purposes4  #a4 ,%ort title ,?is ,act may
 be cit$ z ! ,f9ancial ,crimes ,en=cem5t
 ,network ,improvem5ts ,act4  #b4 ,bank 
,secrecy ,act def9$ ,9 ?is ,act1 ! t]m  
,bank ,secrecy ,act means-- 7#a7 section
 #ba ( ! ,f$]al ,deposit ,insurance ,act
 7#ab ,u4,s4,c4 #ahbi;b72  7#b7 *apt] #b
 ( title ,i ( ,public ,law #ia-ejh 7#ab 
,u4,s4,c4 #aiea et seq472 &  7#c7       
sub*apt] ,,ii ( *apt] #ec ( title #ca1  
,unit$ ,/ates ,code4  #c4 ,director ( ! 
,f9ancial ,crimes ,en=cem5t ,network    
7a7 ,appo9tm5t ( ,director ,section     
#caj7;b77#a7 ( title #ca1 ,unit$ ,/ates 
,code1 is am5d$ by /rik+ :o %all be     

appo9t$ by ! ,secret>y ( ! ,treasury &  
ins]t+ :o %all be appo9t$ by !          
,presid5t1 by & ) ! advice & cons5t ( ! 
,s5ate4  7b7 ,pay ( ,director ,section  
#caj7;b77#a7 ( title #ca1 ,unit$ ,/ates 
,code1 is am5d$ by add+ at ! end !      
foll[+3 ,! ,director %all be comp5sat$  
at ! rate provid$ "u level ,,iv ( !     
,executive ,s*$ule "u section #ecae (   
title #e4  #d4 ,inspector g5]al         
functions  7a7 ,e/abli%m5t ( (fice ,!re 
is e/abli%$ )9 ! ,(fice ( ! ,inspector  
,g5]al ( ! ,dep>tm5t ( ! ,treasury an   
,(fice ( ,audit & ,inve/igations = !    
,f9ancial ,crimes ,en=cem5t ,network4   
7b7 ,deputy ,inspector ,g5]al ,!        
,inspector ,g5]al ( ! ,dep>tm5t ( !     
,treasury %all designate a memb] ( !    
,s5ior ,executive ,s]vice to head !     
,(fice ( ,audit & ,inve/igations = !    
,f9ancial ,crimes ,en=cem5t ,network4   
,su* memb] %all be kn[n z ! ,deputy     
,inspector ,g5]al = ! ,f9ancial ,crimes 
,en=cem5t ,network4  7c7 ,sup]vision1   
au?ority1 & res\rces ,! ,inspector      

,g5]al ( ! ,dep>tm5t ( ! ,treasury %all 
sup]vise ! ,deputy ,inspector ,g5]al = !
 ,f9ancial ,crimes ,en=cem5t ,network & 
%all ensure t ! ,deputy ,inspector      
,g5]al has ! au?ority & res\rces        
necess>y & appropriate to p]=m inspector
 g5]al functions ) respect to !         
,f9ancial ,crimes ,en=cem5t ,network4   
7d7 ,priorities ,! ,inspector ,g5]al ( !
 ,dep>tm5t ( ! ,treasury %all ensure t !
 ,(fice ( ,audit & ,inve/igations = !   
,f9ancial ,crimes ,en=cem5t ,network    
gives sub/antial priority 9 conduct+    
audits & inve/igations to protection ( !
 civil lib]ties & privacy ( ,am]ican    
citiz5s by ! ,f9ancial ,crimes ,en=cem5t
 ,network1 includ+ 9 ! implem5tation ( !
 ,bank ,secrecy ,act & subsections 7b71 
7c71 & 7d7 ( section #caj ( title #ca1  
,unit$ ,/ates ,code1 by ! ,f9ancial     
,crimes ,en=cem5t ,network4  7e7 ,annual
 report ,! ,inspector ,g5]al ( !        
,dep>tm5t ( ! ,treasury %all submit to !
 ,committee on ,f9ancial ,s]vices ( !   
,h\se ( ,repres5tatives & ! ,committee  

on ,bank+1 ,h\s+1 & ,urban ,affairs ( ! 
,s5ate a report on or ab\t ,octob] #ca (
 ea* cal5d> ye> on-- 7#a7 ! activities (
 ! ,(fice ( ,audit & ,inve/igations = ! 
,f9ancial ,crimes ,en=cem5t ,network    
dur+ ! prec$+ fiscal ye>2  7#b7 ! plann$
 activities ( t ,(fice = ! curr5t fiscal
 ye>2  7#c7 an ov]view ( reports        
submitt$ to ! ,f9ancial ,crimes         
,en=cem5t ,network1 includ+ ! numb] (   
reports t-- 7,a7 h be5 receiv$ by !     
,f9ancial ,crimes ,en=cem5t ,network2   
7,b7 h be5 review$ by ! ,f9ancial       
,crimes ,en=cem5t ,network2  7,c7 h be5 
reque/$ by o!r gov]nm5tal ag5cies2  7,d7
 l$ to a second>y inve/igation by !     
,f9ancial ,crimes ,en=cem5t ,network2 & 
7,e7 result$ 9 a conviction1 settlem5t1 
or additional *>ges 9 o!r ongo+         
inve/igations2 &  7#d7 su* o!r in=mation
 relat+ to t ,(fice z ! ,inspector      
,g5]al det]m9es appropriate4  #e4 ,civil
 ,lib]ties ,protection ,(fic] = !       
,f9ancial ,crimes ,en=cem5t ,network    
,section #cja ( title #ca1 ,unit$ ,/ates

 ,code1 is am5d$ by add+ at ! end !     
foll[+3  7h7 ,civil ,lib]ties           
,protection ,(fic] = ! ,f9ancial ,crimes
 ,en=cem5t ,network  7#a7 ,9 g5]al ,)9 !
 ,(fice ( ! ,secret>y ( ! ,treasury1 !re
 %all be a ,civil ,lib]ties ,protection 
,(fic] = ! ,f9ancial ,crimes ,en=cem5t  
,network :o %all-- 7,a7 be designat$ by 
! ,secret>y ( ! ,treasury f among memb]s
 ( ! ,s5ior ,executive ,s]vice2 &  7,b7 
report directly to & be sup]vis$        
directly by ! ,secret>y ( ! ,treasury   
or1 if s assign$ by ! ,secret>y1 !      
,deputy ,secret>y ( ! ,treasury4  7#b7  
,duties ,! ,civil ,lib]ties ,protection 
,(fic] = ! ,f9ancial ,crimes ,en=cem5t  
,network %all-- 7,a7 ensure t protection
 ( civil lib]ties & privacy is          
appropriately incorporat$ 9 ! activities
 conduct$ by ! ,f9ancial ,crimes        
,en=cem5t ,network2  7,b7 ov]see        
compliance by ! ,f9ancial ,crimes       
,en=cem5t ,network ) requirem5ts "u !   
,con/itution & all laws1 regulations1 & 
implem5t+ guidel9es relat+ to civil     

lib]ties & privacy2  7,c7 review &      
assess compla9ts & o!r in=mation        
indicat+ possible abuses ( civil        
lib]ties & privacy 9 ! adm9i/ration ( ! 
programs & op]ations ( ! ,f9ancial      
,crimes ,en=cem5t ,network &1 z         
appropriate1 ref] su* compla9ts or      
in=mation = inve/igation to ! ,(fice (  
,audit & ,inve/igations = ! ,f9ancial   
,crimes ,en=cem5t ,network2  7,d7 ensure
 t ! use by ! ,f9ancial ,crimes         
,en=cem5t ,network ( te*nologies su/a9s1
 & does n erode1 privacy protections    
relat+ to ! use1 collection1 &          
disclosure ( p]sonal in=mation2  7,e7   
ensure t p]sonal in=mation conta9$ 9 a  
sy/em ( records subject to section      
#eeb;a ( title #e 7commonly ref]r$ to z 
! ,privacy ,act7 is h&l$ by ! ,f9ancial 
,crimes ,en=cem5t ,network 9 compliance 
) t section2  7,f7 conduct privacy      
impact assessm5ts ( ! ,f9ancial ,crimes 
,en=cem5t ,network :5 appropriate1      
direct$1 or requir$ by law2 &  7,g7 p]=m
 su* o!r duties relat+ directly to      

protection ( civil lib]ties & privacy by
 ! ,f9ancial ,crimes ,en=cem5t ,network 
z may be prescrib$ by ! ,secret>y ( !   
,treasury4  7#c7 ,coord9ation ,! ,civil 
,lib]ties ,protection ,(fic] = !        
,f9ancial ,crimes ,en=cem5t ,network    
%all keep ! foll[+ individuals          
appropriately in=m$ ( ! ,(fic]'s        
activities3 7,a7 ,! ,dep>tm5t ( !       
,treasury's ,*ief ,privacy ,(fic] 7z    
describ$ "u section #ebb ( division ,h (
 ! ,consolidat$ ,appropriations ,act1   
#bjje 7#db ,u4,s4,c4 #bjjj;ee-#b774     
7,b7 ,! ,dep>tm5t ( ! ,treasury's       
,privacy & ,civil ,lib]ties ,(fic] 7z   
designat$ pursuant to section #ajfb ( ! 
,national ,security ,intellig5ce ,re=m  
,act ( #bjjd 7#db ,u4,s4,c4             
#bjjj;ee-#a774  4  #f4 ,transp>5cy 9    
rulemak+ & secret>ial exceptions  7a7   
,res]vation to ! ,secret>y ( au?ority   
,to make exceptions ,no (fic] or        
employee ( ! ,dep>tm5t ( ! ,treasury1   
except ! ,secret>y ( ! ,treasury or !   
p]son p]=m+ ! duties ( ! ,secret>y ( !  

,treasury :5 t (fice is vacant or !     
,secret>y is unable to p]=m ! duties ( t
 (fice1 %all1 ) respect to a propos$ or 
f9al rule relat+ to activities ( !      
,f9ancial ,crimes ,en=cem5t ,network1   
includ+ implem5tation ( ! ,bank ,secrecy
 ,act-- 7#a7 make f9d+s ( good cause "u 
subsection 7b7 or 7d7 ( section #eec (  
title #e1 ,unit$ ,/ates ,code2  7#b7    
ex]cise au?ority to c]tify1 delay1 or   
waive "u section #fje or #fjh ( title   
#e1 ,unit$ ,/ates ,code2 or  7#c7 make  
f9d+s ( good cause "u section #hjh7b7 ( 
title #e1 ,unit$ ,/ates ,code4  7b7     
,cov]$ ag5cy /atus = regulatory         
flexibility ,section #caj ( title #ca1  
,unit$ ,/ates ,code1 is am5d$ by add+ at
 ! end !re( ! foll[+ new subsection3    
7m7 ,! ,f9ancial ,crimes ,en=cem5t      
,network %all be a cov]$ ag5cy =        
purposes ( section #fji7;d7 ( title #e4 
4  #g4 ,transp>5cy ) controll+ docum5ts 
7a7 ,def9ition ( controll+ docum5t ,z   
us$ 9 ?is section1 ! t]m controll+      
docum5t ref]s to any record 7z def9$ 9  

section #ccja ( title #dd1 ,unit$ ,/ates
 ,code7 issu$ by or "u ! au?ority ( !   
,secret>y1 ,deputy ,secret>y1 ,"u       
,secret>y = ,en=cem5t1 or any o!r (fic] 
or employee ( ! ,dep>tm5t ( ! ,treasury1
 t delegates au?ority to ! ,f9ancial    
,crimes ,en=cem5t ,network or its       
,director1 or conta9s direction b9d+ ^u 
! ,f9ancial ,crimes ,en=cem5t ,network  
or its ,director1 9 ! implem5tation (   
section #caj ( title #ca1 ,unit$ ,/ates 
,code1 or ! ,bank ,secrecy ,act1 includ+
 delegations1 prescriptions1            
regulations1 protocols1 priorities1     
policies1 /&>ds1 guidel9es1 &           
requirem5ts issu$ 9 accordance )        
subsections 7b77#b77;,c71 7b77#b77;,e71 
7b77#b77;,i71 7b77#b77;,j71 7b77#b77,o71
 7c71 & 7i77#b77;,c77ii7 ( section #caj 
( su* title #ca & subsections 7b77#a71  
7b77#b71 7b77#d71 7c77#b77;,a71         
7c77#b77;,c71 7c77#c71 7c77#e71 7d77#c71
 & 7h77#c77;,c77i77,i77bb7 ( section    
#eccf ( su* title #ca4  7b7 ,disclosure 
to ,congress ,! ,secret>y ( ! ,treasury 

%all promptly provide to ! ,committee on
 ,f9ancial ,s]vices ( ! ,h\se (         
,repres5tatives & ! ,committee on       
,bank+1 ,h\s+1 & ,urban ,affairs ( !    
,s5ate-- 7#a7 controll+ docum5ts 9 =ce z
 ( ! enactm5t ( ?is ,act2  7#b7 any     
controll+ docum5ts issu$ !reaft]2 &     
7#c7 any *anges to controll+ docum5ts   
describ$ 9 p>agraphs 7#a7 & 7#b7 made   
!reaft]1 includ+ any revocations !re(4  
7c7 ,disclosure to ! public ,! ,secret>y
 ( ! ,treasury %all make available      
promptly to ! public ! controll+        
docum5ts & *anges t ! ,secret>y is      
requir$ to provide to ! committees li/$ 
9 subsection 7b71 exclud+ su* reasonably
 segregable portions ( controll+        
docum5ts or *anges z w\ld fall )9 an    
exemption 9 section #eeb7;b7 ( title #e1
 ,unit$ ,/ates ,code4  #h4 ,in=mation = 
con/itutional functions ( ,congress  7a7
 ,keep+ ,congress in=m$ ,! ,secret>y ( !
 ,treasury %all keep ! ,committee on    
,f9ancial ,s]vices ( ! ,h\se (          
,repres5tatives & ! ,committee on       

,bank+1 ,h\s+1 & ,urban ,affairs ( !    
,s5ate fully & curr5tly in=m$ ( !       
activities ( ! ,f9ancial ,crimes        
,en=cem5t ,network1 includ+ any         
significant anticipat$ activity ( su*   
,network4  7b7 ,report ( unlawful       
activity & corrective action ,!         
,secret>y ( ! ,treasury %all report     
promptly to ! ,committee on ,f9ancial   
,s]vices ( ! ,h\se ( ,repres5tatives & !
 ,committee on ,bank+1 ,h\s+1 & ,urban  
,affairs any unlawful activity ( !      
,f9ancial ,crimes ,en=cem5t ,network &  
any corrective action tak5 or plann$ to 
address t activity & prev5t su* activity
 9 ! future4  7c7 ,appe>ances be=e      
,congress  7#a7 ,9 g5]al ,! ,director ( 
! ,f9ancial ,crimes ,en=cem5t ,network  
%all appe> be=e ! ,committee on         
,f9ancial ,s]vices ( ! ,h\se (          
,repres5tatives & ! ,committee on       
,bank+1 ,h\s+1 & ,urban ,affairs at     
semiannual he>+s1 z specifi$ 9 p>agraph 
7#b71 reg>d+ ! activities ( ! ,f9ancial 
,crimes ,en=cem5t ,network1 includ+     

protection ( ! civil lib]ties & privacy 
(1 & m9imization ( burd5s on1 ,am]ican  
citiz5s4  7#b7 ,tim+ ( appe>ances ,!    
,director %all appe>-- 7,a7 be=e !      
,committee on ,f9ancial ,s]vices ( !    
,h\se ( ,repres5tatives on or ab\t      
,febru>y #bj ( ev5 numb]$ cal5d> ye>s & 
on or ab\t ,july #bj ( odd numb]$ cal5d>
 ye>s2  7,b7 be=e ! ,committee on       
,bank+1 ,h\s+1 & ,urban ,affairs ( !    
,s5ate on or ab\t ,july #bj ( ev5 numb]$
 cal5d> ye>s & on or ab\t ,febru>y #bj (
 odd numb]$ cal5d> ye>s2 &  7,c7 be=e   
ei!r ,committee ref]r$ to 9 subp>agraph 
7,a7 or 7,b71 ^u reque/1 foll[+ ! s*$ul$
 appe>ance ( ! ,director be=e ! o!r     
,committee "u subp>agraph 7,a7 or 7,b74 
7d7 ,requirem5ts 9 addition ,!          
requirem5ts ( ?is section are 9 addition
 to ! requirem5ts ( section             
#eccf7;c77#aa7 ( title #ca1 ,unit$      
,/ates ,code4