[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[H.R. 428 Introduced in House (IH)]

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116th CONGRESS
  1st Session
                                H. R. 428

To direct the Under Secretary of Homeland Security for Intelligence and 
   Analysis to develop and disseminate a threat assessment regarding 
                   terrorist use of virtual currency.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            January 10, 2019

Miss Rice of New York (for herself and Mr. King of New York) introduced 
  the following bill; which was referred to the Committee on Homeland 
                                Security

_______________________________________________________________________

                                 A BILL


 
To direct the Under Secretary of Homeland Security for Intelligence and 
   Analysis to develop and disseminate a threat assessment regarding 
                   terrorist use of virtual currency.

    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 ``Homeland Security Assessment of 
Terrorists' Use of Virtual Currencies Act''.

SEC. 2. THREAT ASSESSMENT ON TERRORIST USE OF VIRTUAL CURRENCY.

    (a) In General.--Not later than 120 days after the date of the 
enactment of this Act, the Under Secretary of Homeland Security for 
Intelligence and Analysis, as authorized by section 201(b)(1) of the 
Homeland Security Act of 2002 (6 U.S.C. 121(b)(1)), shall, in 
coordination with appropriate Federal partners, develop and disseminate 
a threat assessment regarding the actual and potential threat posed by 
individuals using virtual currency to carry out activities in 
furtherance of an act of terrorism, including the provision of material 
support or resources to a foreign terrorist organization. Consistent 
with the protection of classified and confidential unclassified 
information, the Under Secretary shall share the threat assessment 
developed under this section with State, local, and tribal law 
enforcement officials, including officials who operate within State, 
local, and regional fusion centers through the Department of Homeland 
Security State, Local, and Regional Fusion Center Initiative 
established in section 210A of the Homeland Security Act of 2002 (6 
U.S.C. 124h).
    (b) Definitions.--In this section:
            (1) The term ``foreign terrorist organization'' means an 
        organization designated as a foreign terrorist organization 
        under section 219 of the Immigration and Nationality Act (8 
        U.S.C. 1189).
            (2) The term ``virtual currency'' means a digital 
        representation of value that functions as a medium of exchange, 
        a unit of account, or a store of value.
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