[Congressional Bills 114th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5469 Introduced in House (IH)]

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114th CONGRESS
  2d Session
                                H. R. 5469

 To require the Secretary of the Treasury to direct the United States 
 Executive Director at the International Monetary Fund to support the 
capacity of the International Monetary Fund to prevent money laundering 
                      and financing of terrorism.


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                    IN THE HOUSE OF REPRESENTATIVES

                             June 14, 2016

 Mr. Pearce (for himself and Ms. Moore) introduced the following bill; 
       which was referred to the Committee on Financial Services

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                                 A BILL


 
 To require the Secretary of the Treasury to direct the United States 
 Executive Director at the International Monetary Fund to support the 
capacity of the International Monetary Fund to prevent money laundering 
                      and financing of terrorism.

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

SECTION 1. SUPPORT FOR CAPACITY OF THE INTERNATIONAL MONETARY FUND TO 
              PREVENT MONEY LAUNDERING AND FINANCING OF TERRORISM.

    (a) In General.--Title XVI of the International Financial 
Institutions Act (22 U.S.C. 262p--262p-12) is amended by adding at the 
end the following:

``SEC. 1629. SUPPORT FOR CAPACITY OF THE INTERNATIONAL MONETARY FUND TO 
              PREVENT MONEY LAUNDERING AND FINANCING OF TERRORISM.

    ``The Secretary of the Treasury shall instruct the United States 
Executive Director at the International Monetary Fund to support the 
use of the administrative budget of the Fund for technical assistance 
that strengthens the capacity of Fund members to prevent money 
laundering and the financing of terrorism.''.
    (b) Report to the Congress.--Within 1 year after the date of the 
enactment of this Act, the Secretary of the Treasury shall report to 
the Committee on Financial Services of the House of Representatives and 
the Committee on Foreign Relations of the Senate on--
            (1) the activities of the Fund in the most recently 
        completed fiscal year to provide technical assistance that 
        strengthens the capacity of Fund members to prevent money 
        laundering and the financing of terrorism, and the 
        effectiveness of the assistance; and
            (2) the efficacy of efforts by the United States to achieve 
        the policy goal described in this section and any further 
        actions that need to be taken to implement this goal.
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