[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3387 Introduced in House (IH)]

111th CONGRESS
  1st Session
                                H. R. 3387

To reiterate that the Secretary of the Treasury is required to submit a 
   report on terrorism financing in accordance with the Intelligence 
              Reform and Terrorism Prevention Act of 2004.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             July 29, 2009

 Mr. Castle (for himself and Mr. Lynch) introduced the following bill; 
   which was referred to the Committee on Financial Services, and in 
 addition to the Select Committee on Intelligence (Permanent Select), 
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 reiterate that the Secretary of the Treasury is required to submit a 
   report on terrorism financing in accordance with the Intelligence 
              Reform and Terrorism Prevention Act of 2004.

    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 ``Post-9/11 Terrorist Financing Review 
Act''.

SEC. 2. FINDINGS.

    Congress finds the following:
            (1) Terrorist groups require financing for activities such 
        as recruiting, training, and equipping operatives; planning 
        operations; bribing corrupt officials; traveling; and securing 
        false documents.
            (2) Following the terrorist attacks upon the United States 
        on September 11, 2001, the Federal Government heightened its 
        focus on combating terrorist financing by freezing assets of 
        terrorist financiers and support networks, prosecuting 
        individuals and entities for providing material support, and 
        training and coordinating with foreign governments.
            (3) More than seven years after such terrorist attacks, 
        media reports indicate that terrorist organizations are 
        evolving by becoming more decentralized, relying on less 
        sophisticated means to move money and avoid official banking 
        systems, using new technology to transfer money electronically, 
        utilizing front organizations to circumvent sanctions, and 
        using complex money laundering schemes to cover up terrorist 
        financing activities.
            (4) Multiple departments and agencies of the Federal 
        Government have jurisdiction over terrorist financing, 
        including the Department of the Treasury, the Department of 
        Justice, the Department of Homeland Security, the Department of 
        State, the Department of Defense, the Federal Bureau of 
        Investigation, and the Central Intelligence Agency.
            (5) Section 6303(a) of the Intelligence Reform and 
        Terrorism Prevention Act of 2004 (Public Law 108-458; 118 Stat. 
        375) required the President to submit to Congress a report 
        evaluating and making recommendations on the current state of 
        the efforts of the United States to curtail the international 
        financing of terrorism and coordinate the intelligence and 
        agency operations within the Federal Government. Such section 
        further required the President to submit such report not later 
        than 270 days after the date of enactment of that Act. As of 
        July 2009, the report required by such section had yet to be 
        submitted to Congress.

SEC. 3. REITERATION OF REQUIREMENT TO SUBMIT REPORT ON TERRORISM 
              FINANCING.

    Not later than 180 days after the date of the enactment of this 
Act, the President, acting through the Secretary of the Treasury, shall 
submit to Congress the report required to be submitted under section 
6303(a) of the Intelligence Reform and Terrorism Prevention Act of 2004 
(Public Law 108-458; 118 Stat. 3750).
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