,,ii #aag? ,,congress #b;d ,session ,s4 #ebfg ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,decemb] #ae1 #bjbb,ms4 ,w>r5 7= h]self & ,mr4 ,m>%all7 introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,bank+1 ,h\s+1 & ,urban ,affairs ,a ,,bill ,to require ! ,f9ancial ,crimes ,en=cem5t ,network to issue guidance on digital assets1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,digital ,asset ,anti-,money ,laund]+ ,act ( #bjbb4 #b4 ,def9itions 7#a7 ,digital assets ,! t]m digital asset means an asset t is issu$ or transf]r$ us+ di/ribut$ l$g]1 block*a9 te*nology1 or simil> te*nology1 includ+ b n limit$ to virtual curr5cies1 co9s1 & tok5s4 7#b7 ,digital asset kiosk ,! t]m digital asset kiosk means a /&-alone ma*9e1 commonly ref]r$ to z a digital asset automat$ tell] ma*9e1 t facilitates ! buy+1 sell+1 & ex*ange ( virtual curr5cies4 7#c7 ,digital asset mix] ,! t]m digital asset mix] means a website1 s(tw>e1 or o!r s]vice design$ to conceal or obfuscate ! orig91 de/9ation1 & c\nt]p>ties ( digital asset transactions4 7#d7 ,f9ancial in/itution ,! t]m f9ancial in/itution has ! mean+ giv5 ! t]m 9 section #ecab7;a7 ( title #ca1 ,unit$ ,/ates ,code4 7#e7 ,privacy co9 ,! t]m privacy co9 means a digital asset design$ to-- 7,a7 prev5t trac+ ?r\gh di/ribut$ l$g]s2 or 7,b7 conceal or obfuscate ! orig91 de/9ation1 & c\nt]p>ties ( digital asset transactions4 #c4 ,digital asset rulemak+s 7a7 ,money s]vice bus9ess designation ,! ,f9ancial ,crimes ,en=cem5t ,network %all promulgate a rule classify+ cu/odial & unho/$ wallet provid]s1 cryptocurr5cy m9]s1 validators1 or o!r nodes :o may act to validate or secure ?ird-p>ty transactions1 indep5d5t network p>ticipants1 includ+ ,,mev se>*]s1 & o!r validators ) control ov] network protocols z money s]vice bus9esses4 7b7 ,implem5tation ( propos$ rule ,n lat] ?an #abj days aft] ! date ( enactm5t ( ?is ,act1 ! ,f9ancial ,crimes ,en=cem5t ,network %all f9alize ! propos$ virtual curr5cy rule 7#he ,f$4 ,reg4 #hchdj2 relat+ to requirem5ts = c]ta9 transactions involv+ conv]tible virtual curr5cy or digital assets74 7c7 ,report+ requirem5ts ,n lat] ?an #abj days aft] ! date ( enactm5t ( ?is ,act1 ! ,f9ancial ,crimes ,en=cem5t ,network %all promulgate a rule t requires ,unit$ ,/ates p]sons engag$ 9 a transaction ) a value great] ?an #aj1jjj 9 digital assets ?r\gh #a or m acc\nts outside ( ! ,unit$ ,/ates to file a report describ$ 9 section #ajaj4cej ( title #ca1 ,code ( ,f$]al ,regulations1 us+ ! =m describ$ 9 t section1 9 accordance ) section #ecad ( title #ca1 ,unit$ ,/ates ,code4 7d7 ,treasury regulations ,n lat] ?an #abj days aft] ! date ( enactm5t ( ?is ,act1 ! ,secret>y ( ! ,treasury %all promulgate a rule t prohibits f9ancial in/itutions f-- 7#a7 h&l+1 us+1 or transact+ bus9ess ) digital asset mix]s1 privacy co9s1 & o!r anonymity-enhanc+ te*nologies1 z specifi$ by ! ,secret>y2 & 7#b7 h&l+1 us+1 or transact+ bus9ess ) digital assets t h be5 anonymiz$ by ! te*nologies describ$ 9 p>agraph 7#a74 #d4 ,exam9ation & review process 7a7 ,treasury ,n lat] ?an #b ye>s aft] ! date ( enactm5t ( ?is ,act1 ! ,secret>y ( ! ,treasury1 9 consultation ) ! ,conf]5ce ( ,/ate ,bank ,sup]visors & ,f$]al ,f9ancial ,in/itutions ,exam9ation ,c\ncil1 %all e/abli% a risk-focus$ exam9ation & review process = money s]vice bus9esses to assess-- 7#a7 ! adequacy ( antimoney laund]+ programs & report+ obligations "u subsections 7g7 & 7h7 ( section #ecah ( title #ca1 ,unit$ ,/ates ,code2 & 7#b7 compliance ) antimoney laund]+ & c\nt]+ ! f9anc+ ( t]rorism requirem5ts "u sub*apt] ,,ii ( *apt] #ec ( title #ca1 ,unit$ ,/ates ,code4 7b7 ,,sec ,n lat] ?an #b ye>s aft] ! date ( enactm5t ( ?is ,act1 ! ,securities & ,ex*ange ,commission %all e/abli% a d$icat$ risk-focus$ exam9ation & review process = entities regulat$ by ! ,commission to assess-- 7#a7 ! adequacy ( antimoney laund]+ programs & report+ obligations "u subsections 7g7 & 7h7 ( section #ecah ( title #ca1 ,unit$ ,/ates ,code2 & 7#b7 compliance ) antimoney laund]+ & c\nt]+ ! f9anc+ ( t]rorism requirem5ts "u sub*apt] ,,ii ( *apt] #ec ( title #ca1 ,unit$ ,/ates ,code4 7c7 ,,cftc ,n lat] ?an #b ye>s aft] ! date ( enactm5t ( ?is ,act1 ! ,commodity ,futures ,trad+ ,commission %all e/abli% a d$icat$ risk-focus$ exam9ation & review process = entities regulat$ by ! ,commission to assess-- 7#a7 ! adequacy ( antimoney laund]+ programs & report+ obligations "u subsections 7g7 & 7h7 ( section #ecah ( title #ca1 ,unit$ ,/ates ,code2 & 7#b7 compliance ) antimoney laund]+ & c\nt]+ ! f9anc+ ( t]rorism requirem5ts "u sub*apt] ,,ii ( *apt] #ec ( title #ca1 ,unit$ ,/ates ,code4 #e4 ,digital asset kiosks 7a7 ,9 g5]al ,n lat] ?an #a ye> aft] ! date ( enactm5t ( ?is ,act1 ! ,f9ancial ,crimes ,en=cem5t ,network %all require digital asset kiosk own]s & adm9i/rators to submit & update ! physical addresses ( ! kiosks own$ or op]at$ by ! own] or adm9i/rator e #c mon?s1 z applicable4 7b7 ,guidance ,n lat] ?an #a ye> aft] ! date ( enactm5t ( ?is ,act1 ! ,f9ancial ,crimes ,en=cem5t ,network %all issue guidance requir+ digital asset kiosk own]s & adm9i/rators to-- 7#a7 v]ify ! id5tity ( ea* cu/om] us+ a valid =m ( gov]nm5t-issu$ id5tification or o!r docum5t>y me?od1 z det]m9$ by ! ,secret>y ( ! ,treasury2 & 7#b7 collect ! "n1 date ( bir?1 physical address1 & phone numb] ( ea* c\nt]p>ty to ! transaction4 7c7 ,reports 7#a7 ,fin,c,e,n ,n lat] ?an #abj days aft] ! date ( enactm5t ( ?is ,act1 ! ,f9ancial ,crimes ,en=cem5t ,network %all issue a report id5tify+ unlic5s$ kiosk op]ators & adm9i/rators1 includ+ id5tification ( kn[n unlic5s$ op]ators & e/imates ( ! numb] & locations ( suspect$ unlic5s$ op]ators1 z applicable4 7#b7 ,,dea ,n lat] ?an #a ye> aft] ! date ( enactm5t ( ?is ,act1 ! ,drug ,en=cem5t ,adm9i/ration %all issue a report id5tify+ recomm5dations to r$uce drug traffick+ ) digital asset kiosks4 #f4 ,au?orization ( appropriations ,!re are au?oriz$ to be appropriat$ to ! ,secret>y ( ! ,treasury su* sums z are necess>y to c>ry out ?is ,act4