[Congressional Bills 106th Congress]
[From the U.S. Government Publishing Office]
[H.R. 517 Introduced in House (IH)]







106th CONGRESS
  1st Session
                                H. R. 517

To amend title 31, United States Code, to require the Financial Crimes 
  Enforcement Network established by the Secretary of the Treasury to 
 allow an individual to obtain a copy of any record maintained by the 
Network pertaining to such person and to have corrections made to such 
                    records, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            February 3, 1999

   Mr. Paul introduced the following bill; which was referred to the 
  Committee on Banking and Financial Services, and in addition to the 
    Committee on Government Reform, for a period to be subsequently 
   determined by the Speaker, in each case for consideration of such 
 provisions as fall within the jurisdiction of the committee concerned

_______________________________________________________________________

                                 A BILL


 
To amend title 31, United States Code, to require the Financial Crimes 
  Enforcement Network established by the Secretary of the Treasury to 
 allow an individual to obtain a copy of any record maintained by the 
Network pertaining to such person and to have corrections made to such 
                    records, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``FinCen Public Accountability Act''.

SEC. 2. PUBLIC ACCOUNTABILITY OF THE FINANCIAL CRIMES ENFORCEMENT 
              NETWORK.

    (a) In General.--Subchapter II of chapter 53 of title 31, United 
States Code, is amended by adding at the end the following new section:
``Sec. 5331. Public accountability for collected information
    ``(a) In General.--Notwithstanding subsections (j) and (k) of 
section 552a of title 5, the Financial Crimes Enforcement Network shall 
be subject to such section 552a with regard to all records maintained 
by such entity, other than information described in subparagraph (A), 
(B), or (C) of subsection (j)(2) of such section.
    ``(b) Definitions.--
            ``(1) Financial crimes enforcement network.--The term 
        `Financial Crimes Enforcement Network' means the entity 
        established by the Secretary of the Treasury within the 
        Department of the Treasury which (as of the date of the 
        enactment of the FinCen Public Accountability Act) is known as 
        the Financial Crimes Enforcement Network.
            ``(2) Record.--The term `record' has the meaning given to 
        such term in section 552a(a)(4) of title 5.
    ``(c) Limitation on Authority of Secretary.--The Secretary of the 
Treasury shall have no authority under this title, title 5, or any 
other provision of law to exempt the entity.
    ``(d) Authority To Impose User Fees.--The Secretary of the Treasury 
may impose such fees on any Federal agency or department, or any agency 
or department of any State or unit of general local government, which 
accesses information from the Financial Crimes Enforcement Network as 
the Secretary determines to be appropriate to recover any cost incurred 
pursuant to subsection (a).''.
    (b) Clerical Amendment.--The table of sections for subchapter II of 
chapter 53 of title 31, United States Code, is amended by inserting 
after the item relating to section 5330 the following new item:

``5331. Public accountability for collected information.''.
    (c) Effective Date.--The amendment made by this section shall apply 
after the end of the 90-day period beginning on the date of the 
enactment of this Act.
                                 <all>