,i  #aah? ,,congress  #a/ ,session  ,h4 
,r4 #aafd  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,febru>y #bd1         
#bjbc,mr4 ,lyn* introduc$ ! foll[+ bill2
 :i* 0 ref]r$ to ! ,committee on ,=eign 
,affairs  ,a ,,bill  ,to require !      
,comptroll] ,g5]al ( ! ,unit$ ,/ates to 
conduct a /udy ) respect to outrea*     
activities p]=m$ by ! ,(fice ( ,=eign   
,assets ,control1 & = o!r purposes4  #a4
 ,%ort title ,?is ,act may be cit$ z !  
,,(ac ,outrea* & ,engagem5t             
,capabilities ,enhancem5t ,act4  #b4    
,f9d+s ,congress f9ds ! foll[+3 7#a7 ,! 
,(fice ( ,=eign ,assets ,control is !   
,unit$ ,/ates ,gov]nm5t ag5cy           
responsible = adm9i/]+ & en=c+ economic 
sanctions programs1 prim>ily aga9/      
c\ntries & gr\ps ( individuals1 su* z   
t]rori/s & n>cotics traffick]s4  7#b7   
,all ,unit$ ,/ates p]sons mu/ comply )  
,,(ac regulations1 includ+ all ,unit$   
,/ates citiz5s & p]man5t resid5t ali5s  
reg>dless ( :]e !y are locat$1 all      
p]sons & entities )9 ! ,unit$ ,/ates1   

all ,unit$ ,/ates incorporat$ entities &
 _! =eign bran*es4 ,9 ! cases ( c]ta9   
programs1 =eign subsidi>ies own$ or     
controll$ by ,unit$ ,/ates companies    
also mu/ comply4 ,c]ta9 programs also   
require =eign p]sons 9 possession (     
,unit$ ,/ates-orig9 goods to comply4    
7#c7 ,:ile ! sanctions ann\ncem5ts are  
!mselves notice ( ! requirem5ts plac$ on
 all ,unit$ ,/ates p]sons1 ,,(ac        
conducts additional outrea* ?r\gh its   
compliance (fice1 s]v+ z ,,(ac's prim>y 
liaison to ! private sector & op]at+    
,,(ac's public hotl9e = sanctions-relat$
 que/ions & ! conduct ( civil           
inve/igations = pot5tial sanctions      
violations4  7#d7 ,:ile _m indu/ries1   
su* z l>ge mult9ational f9ancial        
in/itutions & indu/rial firms1 h        
sophi/icat$ sanctions dep>tm5ts to      
manage compliance ) ! /rict-liability   
m&ates f ,,(ac & to enact practices to  
def5d _! bus9ess' sales & supply *a9s f 
abuse by sanctions-designat$ bad actors1
 _m small] entities & indu/ries1 d n4   

7#e7 ,accord+ to ! ,u4,s4 ,dep>tm5t ( ! 
,treasury's #bjba ,sanctions ,review1   
,sanctions are only z effective z _!    
implem5tation1 especially ) reg>d to    
communication & engagem5t4 ,9 ord] to   
bett] calibrate ! use ( ?is tool1       
,treasury ne$s to communicate &         
coord9ate m effectively ) /akehold]s    
affect$ by ! use ( f9ancial sanctions4  
,treasury c build on exi/+ outrea* &    
engagem5t capabilities ?r\gh enhanc$    
communication ) indu/ry1 f9ancial       
in/itutions1 allies1 civil society1 & ! 
m$ia1 z well z new con/itu5cies1        
p>ticul>ly 9 ! digital assets space44   
7#f7 ,! ,assi/ant ,secret>y = ,t]rorism 
& ,f9ancial ,intellig5ce not$ 9 a #bjbb 
spee* to a private-sector audi5ce at !  
,am]ican ,conf]5ce ,in/itute1 ,we ne$ to
 r$\ble ef=ts--to make sure t ^!        
networks d n pass "u y\r rad> & ar\nd   
our laws1 & t :5 y obta9 in=mation ab\t 
!m1 y promptly take action4 ,?is is n j 
a matt] ( compliance2 x is a moral      
imp]ative4 ,! *oice is betwe5 p]mitt+ & 

prev5t+ sanctions evasion--!re is no    
space = neutral gr\nd "h44  7#g7        
,examples ( successful1 robu/ ,f$]al    
,gov]nm5t public-private sector outrea* 
programs t support ! ag5cy mission ab\nd
 f ! law en=cem5t1 ,intellig5ce         
,community1 & regulatory ag5cies1 su* z 
! ,f$]al ,bureau ( ,inve/igation's      
,infra,gard1 ! ,public-,private         
,analytic ,ex*ange ,program f !         
,dep>tm5t ( ,homel& ,security & ! ,(fice
 ( ! ,director ( ,national ,intellig5ce1
 & ! ,f9ancial ,crime ,en=cem5t         
,network's ,fin,c,e,n ,ex*ange4  7#h7 ,!
 ,fin,c,e,n ,ex*ange1 f ,,(ac's si/]    
ag5cy )9 ! ,u4,s4 ,dep>tm5t ( !         
,treasury1 0 m&at$ on ,janu>y #a1 #bjba1
 :5 ,congress enact$ ! ,anti-,money     
,laund]+ ,act ( #bjbj 7,,aml ,act74     
,section #fajc ( ! ,,aml ,act e/abli%es 
! ,fin,c,e,n ,ex*ange to facilitate a   
volunt>y public-private in=mation-%>+   
p>tn]%ip betwe5 law en=cem5t ag5cies1   
national security ag5cies1 f9ancial     
in/itutions1 & ,fin,c,e,n to effectively

 & effici5tly combat money laund]+1     
t]rorism f9anc+1 organiz$ crime1 & o!r  
f9ancial crimes1 protect ! f9ancial     
sy/em f illicit use1 & promote national 
security4  7#i7 ,! objective (          
,fin,c,e,n ,ex*ange is to develop1      
deliv]1 & su/a9 innovative              
public-private in=mation %>+ 9 ord] to  
enable ! private sector to bett] id5tify
 risks & provide ,fin,c,e,n & law       
en=cem5t ) critical in=mation to disrupt
 money laund]+1 t]rorism f9anc+1 & o!r  
f9ancial crimes4 ,! program goals ( !   
ex*ange are to3 7,a7 ,enhance           
communication1 collaboration1 &         
p>tn]%ips among ,fin,c,e,n1 law         
en=cem5t1 & f9ancial in/itutions4  7,b7 
,support priority national security &   
c\nt]-illicit f9ance inve/igations &    
policies4  7,c7 ,enhance ! utility (    
suspici\s activity reports & %>e fe$back
 ) ! private sector4  7,d7 ,enc\rage1   
enable1 & ackn[l$ge a focus on          
high-value & high-impact activities4    
7,e7 ,conduct proactive outrea* to all[ 

indu/ry to bett] prioritize ef=ts &     
utilize exi/+ res\rces4  #c4 ,,(ac      
outrea* assessm5t  7a7 ,,gao ,/udy  7#a7
 ,outrea* ,! ,comptroll] ,g5]al ( !     
,unit$ ,/ates %all1 n lat] ?an #cfj days
 aft] ! date ( ! enactm5t ( ?is section1
 c>ry out a /udy ) respect to ! quality 
& efficacy ( outrea* activities p]=m$ by
 ,,(ac 9 support ( ! mission ( ,,(ac on 
or be=e ! date ( ! enactm5t ( ?is       
section4  7#b7 ,/udy requirem5ts  7,a7  
,9 g5]al ,! ,comptroll] ,g5]al ( !      
,unit$ ,/ates %all1 9 c>ry+ out p>agraph
 7#a71 exam9e ea* ( ! foll[+ ) respect  
to outrea* activities p]=m$ by ,,(ac3   
7i7 ,goals & /rategy4  7ii7 ,audi5ces4  
7iii7 ,res\rces4  7iv7 ,numb] & type (  
engagem5ts ) private sector entities4   
7v7 ,fe$back capabilities4  7vi7        
,appropriate privacy & competitive      
fairness measures = in=mation receiv$ f 
or %>$ ) private sector entities4  7vii7
 ,compliance ) ! ,f$]al ,advisory       
,committee ,act1 :]e requir$4  7viii7   
,h[ in=mation obta9$ f outrea*          

activities is us$ by ,,(ac to support ! 
mission ( ,,(ac4  7ix7 ,h[1 if at all1  
outrea* activities help ) en=cem5t      
functions4  7,b7 ,survey ( simil>       
programs ,9 c>ry+ out ! /udy requir$ "u 
?is subsection1 ! ,comptroll] ,g5]al ( !
 ,unit$ ,/ates %all-- 7i7 exam9e outrea*
 programs adm9i/]$ by ag5cies ) simil>  
national security & regulatory missions1
 includ+ outrea* programs adm9i/]$ by   
simil> ag5cies1 includ+ ! ,f9ancial     
,crimes ,en=cem5t ,network2 &  7ii7     
id5tify be/ practices1 simil>ities1 &   
diff]5ces to in=m ! evaluation ( exi/+  
,,(ac outrea* programs4  7b7 ,brief+    
,,(ac %all1 n lat] ?an #fj days aft] !  
date on :i* ! ,comptroll] ,g5]al ( !    
,unit$ ,/ates submits a /udy pursuant to
 subsection 7a71 & aft] consid]+ !      
results ( su* /udy1 submit to !         
,committee on ,f9ancial ,s]vices ( !    
,h\se ( ,repres5tatives & ! ,committee  
on ,bank+1 ,h\s+1 & ,urban ,affairs on !
 ,s5ate a brief+ t describes h[ ,,(ac w 
improve its outrea* activities go+ =w>d1

 includ+1 at ! "t ( su* brief+1 9       
relation to ,,(ac outrea* activities1 h[
 ,,(ac-- 7#a7 provides in=mation to ^?  
:o mu/ comply ) ,,(ac sanctions1        
especially ^? 9 communities & indu/ries 
t are kn[n to be t>get$ by bad actors   
designat$ by sanctions2  7#b7 uses      
outrea* activities to support to !      
important mission ( ,,(ac1 ) m9imal     
r$irection ( /aff & res\rces2  7#c7     
ensures t ! selection ( private-sector  
p>ticipants = outrea* activities is free
 f favoritism2  7#d7 ensures t          
private-sector in=mation obta9$ by ,,(ac
 dur+ outrea* activities is             
appropriately safegu>d$2  7#e7 ensures t
 in=mation %>$ at outrea* functions c be
 publiciz$ 9 a mann] t does n           
competitively disadvantage ^? n select$ 
to p>ticipate 9 su* outrea* functions2  
7#f7 applies ,f$]al requirem5ts )       
respect to all outrea* activities1      
includ+ ,f$]al ,advisory ,committee ,act
 requirem5ts2  7#g7 ensures t           
private-sector p>ticipants n use outrea*

 activities z an opportunity to pit*    
products or s]vices or receive advance  
in=mation ab\t ,,(ac or ,dep>tm5t ( !   
,treasury procurem5t opportunities2 &   
7#h7 ma9ta9s compliance ) ,,(ac e?ics   
requirem5ts4  7c7 ,feasibility (        
volunt>y ex*ange program ,,(ac %all1    
aft] review+ ! report produc$ by !      
,comptroll] ,g5]al ( ! ,unit$ ,/ates    
pursuant to subsection 7a7 & submitt+ ! 
brief+ requir$ "u subsection 7b71 access
 ! feasibility ( ! e/abli%m5t ( a       
program by ,,(ac design$ to-- 7#a7      
facilitate a volunt>y public-private    
in=mation %>+ p>tn]%ip among law        
en=cem5t ag5cies1 national security     
ag5cies1 f9ancial in/itutions1 & ,,(ac  
to effectively & effici5tly adm9i/] &   
en=ce economic sanctions aga9/ t>get$   
=eign c\ntries & regimes1 t]rori/s1     
int]national n>cotics traffick]s1 ^?    
engag$ 9 activities relat$ to !         
prolif]ation ( weapons ( mass           
de/ruction1 & o!r ?reats to ! national  
security1 =eign policy1 or economy ( !  

,unit$ ,/ates by promot+ innovation &   
te*nical advances 9 report+2  7#b7      
protect ! f9ancial sy/em f illicit use1 
includ+ evasions ( exi/+ economic       
sanctions programs2 &  7#c7 facilitate  
two-way in=mation ex*ange betwe5 ,,(ac &
 p]sons :o are requir$ to comply )      
sanctions adm9i/]$ & en=c$ by ,,(ac1    
includ+ f9ancial in/itutions1 bus9ess   
sectors frequ5tly affect$ by sanctions  
programs1 & non-gov]nm5t organizations &
 humanit>ian gr\ps impact$ by su*       
sanctions programs4  7d7 ,pilot ,program
  7#a7 ,9 g5]al ,! ,secret>y ( !        
,treasury may1 aft] consid]+ ! results (
 ! /udy conduct$ by ! ,comptroll] ,g5]al
 ( ! ,unit$ ,/ates pursuant to          
subsection 7a71 ! brief+ provid$ by     
,,(ac pursuant to subsection 7b71 & !   
feasibility assessm5t conduct$ by ,,(ac 
pursuant to subsection 7c71 require     
,,(ac to e/abli% a #c-ye> pilot ( a     
program design$ to-- 7,a7 facilitate a  
volunt>y public-private in=mation %>+   
p>tn]%ip among law en=cem5t ag5cies1    

national security ag5cies1 f9ancial     
in/itutions1 & ,,(ac to effectively &   
effici5tly adm9i/] & en=ce economic     
sanctions aga9/ t>get$ =eign c\ntries & 
regimes1 t]rori/s1 int]national n>cotics
 traffick]s1 ^? engag$ 9 activities     
relat$ to ! prolif]ation ( weapons (    
mass de/ruction1 & o!r ?reats to !      
national security1 =eign policy1 or     
economy ( ! ,unit$ ,/ates by promot+    
innovation & te*nical advances 9        
report+2  7,b7 protect ! f9ancial sy/em 
f illicit use1 includ+ evasions ( exi/+ 
economic sanctions programs2 &  7,c7    
facilitate two-way in=mation ex*ange    
betwe5 ,,(ac & p]sons :o are requir$ to 
comply ) sanctions adm9i/]$ & en=c$ by  
,,(ac1 includ+ f9ancial in/itutions1    
bus9ess sectors frequ5tly affect$ by    
sanctions programs1 & non-gov]nm5t      
organizations & humanit>ian gr\ps       
impact$ by su* sanctions programs4  7#b7
 ,in=mation %>+  7,a7 ,9 g5]al ,any     
in=mation %>$ by a private sector entity
 z a "p ( any program e/abli%$ "u       

p>agraph 7#a7 %all be %>$-- 7i7 9       
compliance ) all o!r applicable ,f$]al  
laws & regulations2 &  7ii7 9 su* a     
mann] z to ensure ! appropriate         
confid5tiality ( p]sonal in=mation4     
7,b7 ,use ( in=mation ,in=mation receiv$
 by ,,(ac f a private sector entity z a 
"p ( any program e/abli%$ "u p>agraph   
7#a7 may n be us$ = any purpose o!r ?an 
id5tify+ & report+ on activities t may  
involve ! compliance ) ,unit$ ,/ates    
sanctions requirem5ts4  7,c7 ,rule (    
con/ruction ,no?+ 9 ?is subsection may  
be con/ru$ to create new in=mation %>+  
au?orities or requirem5ts relat+ to     
sanctions laws4  7#c7 ,report ,if a     
program is e/abli%$ "u p>agraph 7#a71   
,,(ac %all1 annual submit a report to ! 
,committee on ,f9ancial ,s]vices ( !    
,h\se ( ,repres5tatives & ! ,committee  
on ,bank+1 ,h\s+1 & ,urban ,affairs ( ! 
,s5ate t describes ! activities ( su*   
program4  7e7 ,def9itions ,9 ?is ,act3  
7#a7 ,,(ac ,! t]m ,,(ac means ! ,(fice (
 ,=eign ,assets ,control4  7#b7 ,private

 sector ,! t]m private sector entity    
means a bus9ess1 a nonpr(it             
organization1 a nongov]nm5tal           
organization1 a legal & or advisory firm
 t supports su* a bus9ess or            
organization1 & a te*nology provid] t   
supports su* a bus9ess or organization4