[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1856 Introduced in House (IH)]

111th CONGRESS
  1st Session
                                H. R. 1856

        To reauthorize the Financial Crimes Enforcement Network.


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                    IN THE HOUSE OF REPRESENTATIVES

                             April 1, 2009

  Mr. Lynch introduced the following bill; which was referred to the 
                    Committee on Financial Services

_______________________________________________________________________

                                 A BILL


 
        To reauthorize the Financial Crimes Enforcement Network.

    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 Reauthorization Act of 
2009''.

SEC. 2. FINDINGS.

    (a) The Congress finds as follows:
            (1) The work of the Financial Crimes Enforcement Network 
        (FinCEN) is essential to safeguard the United States financial 
        system and its international affiliates from the abuses of 
        financial crime, including terrorist financing, weapons of mass 
        destruction proliferation, and money laundering.
            (2) All avenues of financial intermediation are vulnerable 
        to abuse by illicit actors, and FinCEN exercises the regulatory 
        authorities of the Bank Secrecy Act over a broad range of 
        financial institutions.
    (b) The Congress further finds and recognizes the recent 
establishment by FinCEN of an International Programs Division to expand 
and enhance global financial intelligence sharing initiatives aimed at 
combating transnational crime threats facing United States financial 
markets, and takes note of FinCEN's efforts to collaborate with foreign 
financial intelligence unit partners on analytical projects to identify 
and address emerging threats and vulnerabilities.

SEC. 3. REAUTHORIZATION OF THE FINANCIAL CRIMES ENFORCEMENT NETWORK.

    Section 310(d)(1) of title 31, United States Code, is amended by 
striking ``such sums as may be necessary for fiscal years 2002, 2003, 
2004, and 2005'' and inserting ``not more than $105,500,000 for fiscal 
year 2010, and such sums as may be necessary for fiscal years 2011, 
2012, 2013, and 2014''.
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