I 111th CONGRESS 1st Session H. R. 1856 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.

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Short title

This Act may be cited as the FinCEN Reauthorization Act of 2009.

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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.

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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.