[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[H.R. 8794 Introduced in House (IH)]

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116th CONGRESS
  2d Session
                                H. R. 8794

To require the Secretary of the Treasury to establish an advisory team 
 to examine strategies to increase cooperation between the public and 
 private sectors for purposes of countering illicit finance, including 
  proliferation finance and sanctions evasion, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           November 20, 2020

 Mrs. Axne (for herself and Mr. Steil) introduced the following bill; 
       which was referred to the Committee on Financial Services

_______________________________________________________________________

                                 A BILL


 
To require the Secretary of the Treasury to establish an advisory team 
 to examine strategies to increase cooperation between the public and 
 private sectors for purposes of countering illicit finance, including 
  proliferation finance and sanctions evasion, 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 ``Preventing Illicit Finance Act''.

SEC. 2. ENCOURAGING INFORMATION SHARING AND PUBLIC-PRIVATE 
              PARTNERSHIPS.

    (a) In General.--The Secretary of the Treasury shall convene an 
advisory team of relevant Federal agencies, private sector experts in 
banking, national security, and law enforcement, and other stakeholders 
to--
            (1) examine strategies to increase cooperation between the 
        public and private sectors for purposes of countering illicit 
        finance, including proliferation finance and sanctions evasion; 
        and
            (2) advise on strategies to combat the risk relating to 
        proliferation financing.
    (b) Meetings.--The advisory team shall meet periodically, including 
at the request of the Secretary of the Treasury.
    (c) Federal Advisory Committee Act.--The Federal Advisory Committee 
Act (5 U.S.C. App.) shall not apply to the advisory team or to the 
activities of the advisory team.
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