[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[H.R. 6332 Reported in House (RH)]

<DOC>





                                                 Union Calendar No. 701
115th CONGRESS
  2d Session
                                H. R. 6332

                          [Report No. 115-905]

To require the Director of the Financial Crimes Enforcement Network to 
submit a report to Congress on the way in which data collected pursuant 
           to title 31 is being used, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             July 11, 2018

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

                            August 24, 2018

                     Additional sponsor: Mr. Pearce

                            August 24, 2018

Committed to the Committee of the Whole House on the State of the Union 
                       and ordered to be printed

_______________________________________________________________________

                                 A BILL


 
To require the Director of the Financial Crimes Enforcement Network to 
submit a report to Congress on the way in which data collected pursuant 
           to title 31 is being used, 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 ``Improving Strategies to Counter 
Weapons Proliferation Act''.

SEC. 2. FINANCIAL CRIMES ENFORCEMENT NETWORK REPORTING REQUIREMENT.

    Section 310 of title 31, United States Code, is amended by adding 
at the end the following:
    ``(e) Reports Relating to Use of Collected Data.--
            ``(1) In general.--Not later than 1 year after the date of 
        enactment of this subsection and every year thereafter, the 
        Director shall submit to the Committee on Financial Services of 
        the House of Representatives and the Committee on Banking, 
        Housing, and Urban Affairs of the Senate a report on--
                    ``(A) intelligence products created by FinCEN on 
                finance transactions for the proliferation of weapons 
                from filings submitted pursuant to subchapter II of 
                chapter 53;
                    ``(B) FinCEN's efforts to collaborate with law 
                enforcement agencies, the intelligence community, and 
                foreign financial intelligence units to maximize the 
                use of data that is collected pursuant to subchapter II 
                of chapter 53; and
                    ``(C) advisory notices issued to financial 
                institutions (as defined under section 5312(a)) on 
                financial activity related to the proliferation of 
                weapons.
            ``(2) Separate presentation of classified material.--Any 
        part of the report under paragraph (1) that involves 
        information that is properly classified under criteria 
        established by the President shall be submitted to the Congress 
        separately in a classified annex.
            ``(3) Sunset.--No report is required under this subsection 
        after the end of the 5-year period beginning on the date of 
        enactment of this subsection.''.
                                                 Union Calendar No. 701

115th CONGRESS

  2d Session

                               H. R. 6332

                          [Report No. 115-905]

_______________________________________________________________________

                                 A BILL

To require the Director of the Financial Crimes Enforcement Network to 
submit a report to Congress on the way in which data collected pursuant 
           to title 31 is being used, and for other purposes.

_______________________________________________________________________

                            August 24, 2018

Committed to the Committee of the Whole House on the State of the Union 
                       and ordered to be printed