,,ib ,union ,cal5d> ,no4 #djb #aah? ,,congress #b;d ,session ,h4 ,r4 #bifi ,report ,no4 #aah-dhe ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,april #bg1 #bjbc,mr4 ,nunn ( ,i[a 7= himself & ,mr4 ,himes7 introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,f9ancial ,s]vices ,may #f1 #bjbd;,additional sponsors3 ,mr4 ,davidson1 ,mr4 ,lawl]1 & ,mr4 ,timmons ,may #f1 #bjbd,report$ ) an am5dm5t1 committ$ to ! ,committee ( ! ,:ole ,h\se on ! ,/ate ( ! ,union1 & ord]$ to be printed,strike out all aft] ! enact+ clause & ins]t ! "p pr9t$ 9 italic,for text ( introduc$ bill1 see copy ( bill z introduc$ on ,april #bg1 #bjbc ,a ,,bill ,to e/abli% an ,indep5d5t ,f9ancial ,te*nology ,work+ ,gr\p to ,combat ,t]rorism & ,illicit ,f9anc+1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,f9ancial ,te*nology ,protection ,act ( #bjbc 4 #b4 ,indep5d5t f9ancial te*nology work+ gr\p to combat t]rorism & illicit f9anc+ 7a7 ,e/abli%m5t ,!re is e/abli%$ ! ,indep5d5t ,f9ancial ,te*nology ,work+ ,gr\p to ,combat ,t]rorism & ,illicit ,f9anc+ 79 ?is section ref]r$ to z ! ,work+ ,gr\p71 :i* %all consi/ ( ! foll[+3 7#a7 ,! ,secret>y ( ! ,treasury1 act+ ?r\gh ! ,"u ,secret>y = ,t]rorism & ,f9ancial ,intellig5ce1 :o %all s]ve z ! *air ( ! ,work+ ,gr\p4 7#b7 ,a s5ior-level repres5tative f ea* ( ! foll[+3 7,a7 ,ea* ( ! foll[+ compon5ts ( ! ,dep>tm5t ( ! ,treasury3 7i7 ,! ,f9ancial ,crimes ,en=cem5t ,network4 7ii7 ,! ,int]nal ,rev5ue ,s]vice4 7iii7 ,! ,(fice ( ,=eign ,assets ,control4 7,b7 ,! ,dep>tm5t ( ,ju/ice & ea* ( ! foll[+ compon5ts ( ! ,dep>tm5t3 7i7 ,! ,f$]al ,bureau ( ,inve/igation4 7ii7 ,! ,drug ,en=cem5t ,adm9i/ration4 7,c7 ,! ,dep>tm5t ( ,homel& ,security & ! ,unit$ ,/ates ,secret ,s]vice4 7,d7 ,! ,dep>tm5t ( ,/ate4 7,e7 ,! ,c5tral ,intellig5ce ,ag5cy4 7#c7 ,five individuals appo9t$ by ! ,"u ,secret>y = ,t]rorism & ,f9ancial ,intellig5ce to repres5t ! foll[+3 7,a7 ,f9ancial te*nology companies4 7,b7 ,block*a9 intellig5ce companies4 7,c7 ,f9ancial in/itutions4 7,d7 ,in/itutions or organizations engag$ 9 rese>*4 7b7 ,duties ,! ,work+ ,gr\p %all-- 7#a7 conduct rese>* on t]rori/ & illicit use ( new f9ancial te*nologies1 includ+ digital assets2 & 7#b7 develop legislative & regulatory proposals to improve anti-money laund]+1 c\nt]-t]rori/1 & o!r c\nt]-illicit f9anc+ ef=ts 9 ! ,unit$ ,/ates4 7c7 ,reports 7#a7 ,9 g5]al ,n lat] ?an "o ye> aft] ! date ( ! enactm5t ( ?is ,act1 & annually = ! #c ye>s !reaft]1 ! ,work+ ,gr\p %all submit to ! ,secret>y ( ! ,treasury1 ! heads ( ea* ag5cy repres5t$ 9 ! ,work+ ,gr\p pursuant to subsection 7a77#b71 & ! appropriate congressional committees a report conta9+ ! f9d+s & det]m9ations made by ! ,work+ ,gr\p 9 ! previ\s ye> & any legislative & regulatory proposals develop$ by ! ,work+ ,gr\p4 7#b7 ,f9al report ,be=e ! date on :i* ! ,work+ ,gr\p t]m9ates "u subsection 7e77#a71 ! ,work+ ,gr\p %all submit to ! appropriate congressional committees a f9al report detail+ ! f9d+s1 recomm5dations1 & activities ( ! ,work+ ,gr\p4 7d7 ,travel exp5ses ,memb]s ( ! ,work+ ,gr\p %all s]ve )\t pay1 b %all receive travel exp5ses 9 accordance ) sections #egjb & #egjc ( title #e1 ,unit$ ,/ates ,code4 7e7 ,sunset 7#a7 ,9 g5]al ,! ,work+ ,gr\p %all1 subject to p>agraph 7#c71 t]m9ate on ! date t is #d ye>s aft] ! date ( ! enactm5t ( ?is ,act4 7#b7 ,expiration & return ( appropriat$ funds ,on ! date on :i* ! ,work+ ,gr\p t]m9ates "u p>agraph 7#a7-- 7,a7 all au?orities grant$ to ! ,work+ ,gr\p "u ?is section %all expire1 subject to p>agraph 7#c72 & 7,b7 any funds appropriat$ = ! ,work+ ,gr\p t are available = obligation z ( t date %all be return$ to ! ,treasury4 7#c7 ,au?ority to w9d up activities ,! t]m9ation ( ! ,work+ ,gr\p "u p>agraph 7#a7 & ! expiration ( au?orities "u p>agraph 7#b7 %all n affect any inve/igations1 rese>*1 or o!r activities ( ! ,work+ ,gr\p ongo+ z ( ! date on :i* ! ,work+ ,gr\p t]m9ates "u p>agraph 7#a74 ,su* inve/igations1 rese>*1 & activities may cont9ue until _! completion4 #c4 ,prev5t+ rogue & =eign actors f evad+ sanctions 7a7 ,report & /rategy ) respect to digital assets & o!r relat$ em]g+ te*nologies 7#a7 ,9 g5]al ,n lat] ?an #ahj days aft] ! date ( ! enactm5t ( ?is ,act1 ! ,presid5t1 act+ ?r\gh ! ,secret>y ( ! ,treasury & 9 consultation ) ! head ( ea* ag5cy repres5t$ on ! ,indep5d5t ,f9ancial ,te*nology ,work+ ,gr\p to ,combat ,t]rorism & ,illicit ,f9anc+ pursuant to section #b7;a77#b71 %all submit to ! appropriate congressional committees a report t describes-- 7,a7 ! pot5tial uses ( digital assets & o!r relat$ em]g+ te*nologies by ,/ates1 non-,/ate actors1 =eign t]rori/ organizations1 & o!r t]rori/ gr\ps to evade sanctions1 f9ance t]rorism1 or laund] monet>y in/rum5ts1 & ?reat5 ! national security ( ! ,unit$ ,/ates2 & 7,b7 a /rategy h[ ! ,unit$ ,/ates w mitigate & prev5t ! illicit use ( digital assets & o!r relat$ em]g+ te*nologies4 7#b7 ,=m ( report2 public availability 7,a7 ,9 g5]al ,! report requir$ by p>agraph 7#a7 %all be submitt$ 9 unclassifi$ =m1 b may include a classifi$ annex4 7,b7 ,public availability ,! unclassifi$ portion ( ea* report requir$ by p>agraph 7#a7 %all be made available to ! public & po/$ on a publicly accessible website ( ! ,dep>tm5t ( ,treasury-- 7i7 9 precompress$1 easily d[nloadable v]sions1 9 all appropriate =mats2 & 7ii7 9 ma*9e-readable =mat1 if applicable4 7#c7 ,s\rces ( in=mation ,9 prep>+ ! reports requir$ by p>agraph 7#a71 ! ,presid5t may utilize any cr$ible publication1 database1 or web-bas$ res\rce1 & any cr$ible in=mation compil$ by any gov]nm5t ag5cy1 nongov]nm5tal organization1 or o!r entity t is made available to ! ,presid5t4 7b7 ,brief+ ,n lat] ?an #b ye>s aft] ! date ( ! enactm5t ( ?is ,act1 ! ,secret>y ( ! ,treasury %all brief ! appropriate congressional committees on ! implem5tation ( ! /rategy requir$ by subsection 7a77#b74 #d4 ,def9itions ,9 ?is ,act3 7#a7 ,appropriate congressional committees ,! t]m appropriate congressional committees means-- 7,a7 ! ,committee on ,bank+1 ,h\s+1 & ,urban ,affairs1 ! ,committee on ,f9ance1 ! ,committee on ,=eign ,relations1 ! ,committee on ,homel& ,security & ,gov]nm5tal ,affairs1 ! ,committee on ! ,judici>y1 & ! ,select ,committee on ,intellig5ce ( ! ,s5ate2 & 7,b7 ! ,committee on ,f9ancial ,s]vices1 ! ,committee on ,=eign ,affairs1 ! ,committee on ,homel& ,security1 ! ,committee on ! ,judici>y1 ! ,committee on ,way & ,means1 & ! ,p]man5t ,select ,committee on ,intellig5ce ( ! ,h\se ( ,repres5tatives4 7#b7 ,block*a9 intellig5ce company ,! t]m block*a9 intellig5ce company means any bus9ess provid+ s(tw>e1 rese>*1 or o!r s]vices 7su* z block*a9 trac+ tools1 ge(5c+1 transaction scre5+1 ! collection ( bus9ess data1 & sanctions scre5+7 t-- 7,a7 support private & public sector inve/igations & risk managem5t activities2 & 7,b7 involve cryptographically secur$ di/ribut$ l$g]s or any simil> te*nology or implem5tation4 7#c7 ,digital asset ,! t]m digital asset means any digital repres5tation ( value t is record$ on a cryptographically secur$ digital l$g] or any simil> te*nology4 7#d7 ,=eign t]rori/ organization ,! t]m =eign t]rori/ organization means an organization t is designat$ z a =eign t]rori/ organization "u section #bai ( ! ,immigration & ,nationality ,act 7#h ,u4,s4,c4 #aahi74 7#e7 ,illicit use ,! t]m illicit use includes fraud1 d>knet m>ketplace transactions1 money laund]+1 ! pur*ase & sale ( illicit goods1 sanctions evasion1 !ft ( funds1 fund+ ( illegal activities1 transactions relat$ to *ild sexual abuse mat]ial1 & any o!r f9ancial transaction involv+ ! proce$s ( specifi$ unlawful activity 7z def9$ 9 section #aief7;c7 ( title #ah1 ,unit$ ,/ates ,code74 7#f7 ,t]rori/ ,! t]m t]rori/ includes a p]son c>ry+ out dome/ic t]rorism or int]national t]rorism 7z su* t]ms are def9$1 respectively1 "u section #bcca ( title #ah1 ,unit$ ,/ates ,code74 ,may #f1 #bjbd,report$ ) an am5dm5t1 committ$ to ! ,committee ( ! ,:ole ,h\se on ! ,/ate ( ! ,union1 & ord]$ to be pr9t$