<enum>I</enum><header>Prevention of access to financial and other institutions of the United States by Foreign Terrorist Organizations and their enablers</header><section section-type="subsequent-section" id="id804DC5FD29C84A7E83FBF850BC13033C"><enum>101.</enum><header>Definitions</header><text display-inline="no-display-inline">In this title:</text><paragraph id="id32fb50473a0c4764bbb249597e728e1d"><enum>(1)</enum><header>Digital asset</header><text>The term <term>digital asset</term> means any digital representation of value that is recorded on a cryptographically secured distributed ledger or any similar technology, or another implementation which was designed and built as part of a system to leverage or replace blockchain or distributed ledger technology or their derivatives.</text></paragraph><paragraph id="id8d63a9cde62146db8f15b1e2e234f0ba"><enum>(2)</enum><header>Digital asset protocol</header><text>The term <term>digital asset protocol</term> means any communication protocol, smart contract, or other software—</text><subparagraph commented="no" display-inline="no-display-inline" id="idbc4b3e1ff76b495a88cb6f2806a02265"><enum>(A)</enum><text display-inline="yes-display-inline">deployed through the use of distributed ledger or similar technology; and</text></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id4c26f2a7a07d4e5c84318a5b57dfb055"><enum>(B)</enum><text display-inline="yes-display-inline">that provides a mechanism for users to interact and agree to the terms of a trade for digital assets. </text></subparagraph></paragraph><paragraph commented="no" display-inline="no-display-inline" id="idf3639ce4ca514ffab5f53999dd12046f"><enum>(3)</enum><header>Foreign digital asset transaction facilitator</header><text display-inline="yes-display-inline">The term <term>foreign digital asset transaction facilitator</term> means any foreign person or group of foreign persons that, as determined by the Secretary, controls, operates, or makes available a digital asset protocol or similar facility, or otherwise materially assists in the purchase, sale, exchange, custody, or other transaction involving an exchange or transfer of value using digital assets.</text></paragraph><paragraph commented="no" display-inline="no-display-inline" id="id6c587c7f6b0d4dbabbef299cc3aa707e"><enum>(4)</enum><header>Foreign financial institution</header><text>The term <term>foreign financial institution</term> has the meaning given that term under section 561.308 of title 31, Code of Federal Regulations. </text></paragraph><paragraph commented="no" id="idAAF9C6E710244247A64646BC6C2B6A53"><enum>(5)</enum><header>Foreign person</header><text>The term <term>foreign person</term> means an individual or entity that is not a United States person.</text></paragraph><paragraph commented="no" display-inline="no-display-inline" id="id59ef58dc192b4c238d4b5707891e4301"><enum>(6)</enum><header display-inline="yes-display-inline">Foreign Terrorist Organization</header><text>The term <term>Foreign Terrorist Organization</term> means an organization that has been designated as a Foreign Terrorist Organization by the Secretary of State, pursuant to section 219 of the Immigration and Nationality Act (<external-xref legal-doc="usc" parsable-cite="usc/8/1189">8 U.S.C. 1189</external-xref>).</text></paragraph><paragraph id="idb65ef06f7744482f8452cceb7868bf72"><enum>(7)</enum><header>Secretary</header><text>The term <term>Secretary</term> means the Secretary of the Treasury.</text></paragraph><paragraph commented="no" display-inline="no-display-inline" id="id01c5a82e7d2f4e2383706182f959d4bb"><enum>(8)</enum><header>Specially designated global terrorist organization</header><text>The term <term>specially designated global terrorist organization</term> means an organization that has been designated as a specially designated global terrorist by the Secretary of State or the Secretary, pursuant to Executive Order 13224 (<external-xref legal-doc="usc" parsable-cite="usc/50/1701">50 U.S.C. 1701</external-xref> note; relating to blocking property and prohibiting transactions with persons who commit, threaten to commit, or support terrorism). </text></paragraph><paragraph commented="no" display-inline="no-display-inline" id="id1f85075a03db4430bd86a0ea3d015aa1"><enum>(9)</enum><header display-inline="yes-display-inline">United States person</header><text>The term <term>United States person</term> means—</text><subparagraph id="idf871469f3b9147dbb436625eced22af8"><enum>(A)</enum><text>an individual who is a United States citizen or an alien lawfully admitted for permanent residence to the United States;</text></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id7ed8df6ba1ea43b39c16760ef50a45dc"><enum>(B)</enum><text>an entity organized under the laws of the United States or any jurisdiction within the United States, including a foreign branch of such an entity; or</text></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="idc3078ce53fc44d8fa49251084c936859"><enum>(C)</enum><text display-inline="yes-display-inline">any person in the United States.</text></subparagraph></paragraph></section><section id="idcb80de9db080485489fceb462549de28"><enum>102.</enum><header>Sanctions with respect to foreign financial institutions and foreign digital asset transaction facilitators that engage in certain transactions</header><subsection id="id94c81e18b1a54119929a27342fb462be"><enum>(a)</enum><header>Mandatory identification</header><text>Not later than 60 days after the date of enactment of this Act, and periodically thereafter, the Secretary shall identify and submit to the President a report identifying any foreign financial institution or foreign digital asset transaction facilitator that has knowingly—</text><paragraph commented="no" display-inline="no-display-inline" id="id33221a9f9ad244e99e05c41e753c4a66"><enum>(1)</enum><text display-inline="yes-display-inline">facilitated a significant financial transaction with—</text><subparagraph commented="no" display-inline="no-display-inline" id="idfc342cd0b0a74eadb2507e46d4d536f5"><enum>(A)</enum><text display-inline="yes-display-inline">a Foreign Terrorist Organization;</text></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="idbb8ff4bcb44e44c5a8f3dbb73fe2e8fe"><enum>(B)</enum><text display-inline="yes-display-inline">a specially designated global terrorist organization; or</text></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="idf9333ffc9a48474e97ac2aae05ca5578"><enum>(C)</enum><text display-inline="yes-display-inline">a person identified on the list of specially designated nationals and blocked persons maintained by the Office of Foreign Assets Control of the Department of the Treasury, the property and interests in property of which are blocked pursuant to the International Emergency Economic Powers Act (<external-xref legal-doc="usc" parsable-cite="usc/50/1701">50 U.S.C. 1701 et seq.</external-xref>) for acting on behalf of or at the direction of, or being owned or controlled by, a Foreign Terrorist Organization or a specially designated global terrorist organization; or</text></subparagraph></paragraph><paragraph commented="no" display-inline="no-display-inline" id="id83ce96b02b774ed2ae736c8e3f3fab27"><enum>(2)</enum><text>engaged in money laundering to carry out an activity described in paragraph (1).</text></paragraph></subsection><subsection id="id9b584e5fc8894302a2b44a209f5de485"><enum>(b)</enum><header>Imposition of sanctions</header><paragraph commented="no" display-inline="no-display-inline" id="iddd283744b6d24642afd5952d2c80e97f"><enum>(1)</enum><header>Foreign financial institutions</header><text display-inline="yes-display-inline">The President shall prohibit, or impose strict conditions on, the opening or maintaining of a correspondent account or a payable-through account in the United States by a foreign financial institution identified under subsection (a). </text></paragraph><paragraph commented="no" display-inline="no-display-inline" id="idaeaecc0631b04a889eb1c02b61185d6f"><enum>(2)</enum><header>Foreign digital asset transaction facilitators</header><text>The President, pursuant to such regulations as the President may prescribe, shall prohibit any transactions between any person subject to the jurisdiction of the United States with a foreign digital asset transaction facilitator identified under subsection (a). </text></paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="idc462298d81b84f58abc72173203c6f30"><enum>(c)</enum><header>Implementation and penalties</header><paragraph commented="no" display-inline="no-display-inline" id="id4f7d8b90210a4c4ebce894c4b5df3acb"><enum>(1)</enum><header>Implementation</header><text display-inline="yes-display-inline">The President may exercise all authorities provided under sections 203 and 205 of the International Emergency Economic Powers Act (<external-xref legal-doc="usc" parsable-cite="usc/50/1702">50 U.S.C. 1702</external-xref>, 1704) to the extent necessary to carry out this Act.</text></paragraph><paragraph commented="no" display-inline="no-display-inline" id="id1d3d7b4e04484b3ba8dad0c71d60892b"><enum>(2)</enum><header>Penalties</header><text display-inline="yes-display-inline">The penalties set forth in subsections (b) and (c) of section 206 of the International Emergency Economic Powers Act (<external-xref legal-doc="usc" parsable-cite="usc/50/1705">50 U.S.C. 1705</external-xref>) shall apply to a person that violates, attempts to violate, conspires to violate, or causes a violation of regulations prescribed under this section to the same extent that such penalties apply to a person that commits an unlawful act described in subsection (a) of such section 206.</text></paragraph></subsection><subsection id="id4330FA52599C46CEB7D32AD5EE7E15A0"><enum>(d)</enum><header>Procedures for judicial review of classified information</header><paragraph commented="no" display-inline="no-display-inline" id="id64a85fa8cc8243c6b31d1d0b3d30d1ec"><enum>(1)</enum><header display-inline="yes-display-inline">In general</header><text>If a finding under this section, or a prohibition, condition, or penalty imposed as a result of any such finding, is based on classified information (as defined in section 1(a) of the Classified Information Procedures Act (18 U.S.C. App.)), the Secretary may submit to a court reviewing the finding or the imposition of the prohibition, condition, or penalty such classified information ex parte and in camera.</text></paragraph><paragraph commented="no" display-inline="no-display-inline" id="id93081cf484fd469e890539f0150f261c"><enum>(2)</enum><header>Rule of construction</header><text display-inline="yes-display-inline">Nothing in this subsection shall be construed to confer or imply any right to judicial review of any finding under this subsection or any prohibition, condition, or penalty imposed as a result of any such finding.</text></paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="idfe63dc9866964bc7887dbc5513588f9e"><enum>(e)</enum><header>Waiver for national security</header><text display-inline="yes-display-inline">The Secretary may waive the imposition of sanctions under this section with respect to a person if the Secretary— </text><paragraph id="id439866b7b6cb4d3ca13fff4d654389b6"><enum>(1)</enum><text>determines that such a waiver is in the national interests of the United States; and</text></paragraph><paragraph id="idb78cc87a530340608f6bc4886de062f3"><enum>(2)</enum><text>submits to Congress a notification of the waiver and the reasons for the waiver.</text></paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="idde321e1e43cc4bc9b5ec5e9dd50db24f"><enum>(f)</enum><header>Exception for intelligence activities</header><text>This section shall not apply with respect to any activity subject to the reporting requirements under title V of the National Security Act of 1947 (<external-xref legal-doc="usc" parsable-cite="usc/50/3091">50 U.S.C. 3091 et seq.</external-xref>) or any authorized intelligence activities of the United States.</text></subsection><subsection id="ideb77580cf478472ca61cecc0d7fcd7a3" commented="no"><enum>(g)</enum><header>Exception relating to importation of goods</header><paragraph id="idacb152d3de33415cac906ddeca223383" commented="no"><enum>(1)</enum><header>In general</header><text>The authorities and requirements under this section shall not include the authority or a requirement to impose sanctions on the importation of goods.</text></paragraph><paragraph id="id7138bc1b38804bc095dafba07dd2eecb" commented="no"><enum>(2)</enum><header>Good defined</header><text>In this section, the term <term>good</term> means any article, natural or manmade substance, material, supply, or manufactured product, including inspection and test equipment, and excluding technical data.</text></paragraph></subsection></section>

118 S3441 IS: Terrorist Financing Prevention Act of 2023 U.S. Senate 2023-12-07 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

Short title

This Act may be cited as the

Terrorist Financing Prevention Act of 2023

<enum>I</enum><header>Prevention of access to financial and other institutions of the United States by Foreign Terrorist Organizations and their enablers</header><section section-type="subsequent-section" id="id804DC5FD29C84A7E83FBF850BC13033C"><enum>101.</enum><header>Definitions</header><text display-inline="no-display-inline">In this title:</text><paragraph id="id32fb50473a0c4764bbb249597e728e1d"><enum>(1)</enum><header>Digital asset</header><text>The term <term>digital asset</term> means any digital representation of value that is recorded on a cryptographically secured distributed ledger or any similar technology, or another implementation which was designed and built as part of a system to leverage or replace blockchain or distributed ledger technology or their derivatives.</text></paragraph><paragraph id="id8d63a9cde62146db8f15b1e2e234f0ba"><enum>(2)</enum><header>Digital asset protocol</header><text>The term <term>digital asset protocol</term> means any communication protocol, smart contract, or other software—</text><subparagraph commented="no" display-inline="no-display-inline" id="idbc4b3e1ff76b495a88cb6f2806a02265"><enum>(A)</enum><text display-inline="yes-display-inline">deployed through the use of distributed ledger or similar technology; and</text></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id4c26f2a7a07d4e5c84318a5b57dfb055"><enum>(B)</enum><text display-inline="yes-display-inline">that provides a mechanism for users to interact and agree to the terms of a trade for digital assets. </text></subparagraph></paragraph><paragraph commented="no" display-inline="no-display-inline" id="idf3639ce4ca514ffab5f53999dd12046f"><enum>(3)</enum><header>Foreign digital asset transaction facilitator</header><text display-inline="yes-display-inline">The term <term>foreign digital asset transaction facilitator</term> means any foreign person or group of foreign persons that, as determined by the Secretary, controls, operates, or makes available a digital asset protocol or similar facility, or otherwise materially assists in the purchase, sale, exchange, custody, or other transaction involving an exchange or transfer of value using digital assets.</text></paragraph><paragraph commented="no" display-inline="no-display-inline" id="id6c587c7f6b0d4dbabbef299cc3aa707e"><enum>(4)</enum><header>Foreign financial institution</header><text>The term <term>foreign financial institution</term> has the meaning given that term under section 561.308 of title 31, Code of Federal Regulations. </text></paragraph><paragraph commented="no" id="idAAF9C6E710244247A64646BC6C2B6A53"><enum>(5)</enum><header>Foreign person</header><text>The term <term>foreign person</term> means an individual or entity that is not a United States person.</text></paragraph><paragraph commented="no" display-inline="no-display-inline" id="id59ef58dc192b4c238d4b5707891e4301"><enum>(6)</enum><header display-inline="yes-display-inline">Foreign Terrorist Organization</header><text>The term <term>Foreign Terrorist Organization</term> means an organization that has been designated as a Foreign Terrorist Organization by the Secretary of State, pursuant to section 219 of the Immigration and Nationality Act (<external-xref legal-doc="usc" parsable-cite="usc/8/1189">8 U.S.C. 1189</external-xref>).</text></paragraph><paragraph id="idb65ef06f7744482f8452cceb7868bf72"><enum>(7)</enum><header>Secretary</header><text>The term <term>Secretary</term> means the Secretary of the Treasury.</text></paragraph><paragraph commented="no" display-inline="no-display-inline" id="id01c5a82e7d2f4e2383706182f959d4bb"><enum>(8)</enum><header>Specially designated global terrorist organization</header><text>The term <term>specially designated global terrorist organization</term> means an organization that has been designated as a specially designated global terrorist by the Secretary of State or the Secretary, pursuant to Executive Order 13224 (<external-xref legal-doc="usc" parsable-cite="usc/50/1701">50 U.S.C. 1701</external-xref> note; relating to blocking property and prohibiting transactions with persons who commit, threaten to commit, or support terrorism). </text></paragraph><paragraph commented="no" display-inline="no-display-inline" id="id1f85075a03db4430bd86a0ea3d015aa1"><enum>(9)</enum><header display-inline="yes-display-inline">United States person</header><text>The term <term>United States person</term> means—</text><subparagraph id="idf871469f3b9147dbb436625eced22af8"><enum>(A)</enum><text>an individual who is a United States citizen or an alien lawfully admitted for permanent residence to the United States;</text></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id7ed8df6ba1ea43b39c16760ef50a45dc"><enum>(B)</enum><text>an entity organized under the laws of the United States or any jurisdiction within the United States, including a foreign branch of such an entity; or</text></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="idc3078ce53fc44d8fa49251084c936859"><enum>(C)</enum><text display-inline="yes-display-inline">any person in the United States.</text></subparagraph></paragraph></section><section id="idcb80de9db080485489fceb462549de28"><enum>102.</enum><header>Sanctions with respect to foreign financial institutions and foreign digital asset transaction facilitators that engage in certain transactions</header><subsection id="id94c81e18b1a54119929a27342fb462be"><enum>(a)</enum><header>Mandatory identification</header><text>Not later than 60 days after the date of enactment of this Act, and periodically thereafter, the Secretary shall identify and submit to the President a report identifying any foreign financial institution or foreign digital asset transaction facilitator that has knowingly—</text><paragraph commented="no" display-inline="no-display-inline" id="id33221a9f9ad244e99e05c41e753c4a66"><enum>(1)</enum><text display-inline="yes-display-inline">facilitated a significant financial transaction with—</text><subparagraph commented="no" display-inline="no-display-inline" id="idfc342cd0b0a74eadb2507e46d4d536f5"><enum>(A)</enum><text display-inline="yes-display-inline">a Foreign Terrorist Organization;</text></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="idbb8ff4bcb44e44c5a8f3dbb73fe2e8fe"><enum>(B)</enum><text display-inline="yes-display-inline">a specially designated global terrorist organization; or</text></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="idf9333ffc9a48474e97ac2aae05ca5578"><enum>(C)</enum><text display-inline="yes-display-inline">a person identified on the list of specially designated nationals and blocked persons maintained by the Office of Foreign Assets Control of the Department of the Treasury, the property and interests in property of which are blocked pursuant to the International Emergency Economic Powers Act (<external-xref legal-doc="usc" parsable-cite="usc/50/1701">50 U.S.C. 1701 et seq.</external-xref>) for acting on behalf of or at the direction of, or being owned or controlled by, a Foreign Terrorist Organization or a specially designated global terrorist organization; or</text></subparagraph></paragraph><paragraph commented="no" display-inline="no-display-inline" id="id83ce96b02b774ed2ae736c8e3f3fab27"><enum>(2)</enum><text>engaged in money laundering to carry out an activity described in paragraph (1).</text></paragraph></subsection><subsection id="id9b584e5fc8894302a2b44a209f5de485"><enum>(b)</enum><header>Imposition of sanctions</header><paragraph commented="no" display-inline="no-display-inline" id="iddd283744b6d24642afd5952d2c80e97f"><enum>(1)</enum><header>Foreign financial institutions</header><text display-inline="yes-display-inline">The President shall prohibit, or impose strict conditions on, the opening or maintaining of a correspondent account or a payable-through account in the United States by a foreign financial institution identified under subsection (a). </text></paragraph><paragraph commented="no" display-inline="no-display-inline" id="idaeaecc0631b04a889eb1c02b61185d6f"><enum>(2)</enum><header>Foreign digital asset transaction facilitators</header><text>The President, pursuant to such regulations as the President may prescribe, shall prohibit any transactions between any person subject to the jurisdiction of the United States with a foreign digital asset transaction facilitator identified under subsection (a). </text></paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="idc462298d81b84f58abc72173203c6f30"><enum>(c)</enum><header>Implementation and penalties</header><paragraph commented="no" display-inline="no-display-inline" id="id4f7d8b90210a4c4ebce894c4b5df3acb"><enum>(1)</enum><header>Implementation</header><text display-inline="yes-display-inline">The President may exercise all authorities provided under sections 203 and 205 of the International Emergency Economic Powers Act (<external-xref legal-doc="usc" parsable-cite="usc/50/1702">50 U.S.C. 1702</external-xref>, 1704) to the extent necessary to carry out this Act.</text></paragraph><paragraph commented="no" display-inline="no-display-inline" id="id1d3d7b4e04484b3ba8dad0c71d60892b"><enum>(2)</enum><header>Penalties</header><text display-inline="yes-display-inline">The penalties set forth in subsections (b) and (c) of section 206 of the International Emergency Economic Powers Act (<external-xref legal-doc="usc" parsable-cite="usc/50/1705">50 U.S.C. 1705</external-xref>) shall apply to a person that violates, attempts to violate, conspires to violate, or causes a violation of regulations prescribed under this section to the same extent that such penalties apply to a person that commits an unlawful act described in subsection (a) of such section 206.</text></paragraph></subsection><subsection id="id4330FA52599C46CEB7D32AD5EE7E15A0"><enum>(d)</enum><header>Procedures for judicial review of classified information</header><paragraph commented="no" display-inline="no-display-inline" id="id64a85fa8cc8243c6b31d1d0b3d30d1ec"><enum>(1)</enum><header display-inline="yes-display-inline">In general</header><text>If a finding under this section, or a prohibition, condition, or penalty imposed as a result of any such finding, is based on classified information (as defined in section 1(a) of the Classified Information Procedures Act (18 U.S.C. App.)), the Secretary may submit to a court reviewing the finding or the imposition of the prohibition, condition, or penalty such classified information ex parte and in camera.</text></paragraph><paragraph commented="no" display-inline="no-display-inline" id="id93081cf484fd469e890539f0150f261c"><enum>(2)</enum><header>Rule of construction</header><text display-inline="yes-display-inline">Nothing in this subsection shall be construed to confer or imply any right to judicial review of any finding under this subsection or any prohibition, condition, or penalty imposed as a result of any such finding.</text></paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="idfe63dc9866964bc7887dbc5513588f9e"><enum>(e)</enum><header>Waiver for national security</header><text display-inline="yes-display-inline">The Secretary may waive the imposition of sanctions under this section with respect to a person if the Secretary— </text><paragraph id="id439866b7b6cb4d3ca13fff4d654389b6"><enum>(1)</enum><text>determines that such a waiver is in the national interests of the United States; and</text></paragraph><paragraph id="idb78cc87a530340608f6bc4886de062f3"><enum>(2)</enum><text>submits to Congress a notification of the waiver and the reasons for the waiver.</text></paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="idde321e1e43cc4bc9b5ec5e9dd50db24f"><enum>(f)</enum><header>Exception for intelligence activities</header><text>This section shall not apply with respect to any activity subject to the reporting requirements under title V of the National Security Act of 1947 (<external-xref legal-doc="usc" parsable-cite="usc/50/3091">50 U.S.C. 3091 et seq.</external-xref>) or any authorized intelligence activities of the United States.</text></subsection><subsection id="ideb77580cf478472ca61cecc0d7fcd7a3" commented="no"><enum>(g)</enum><header>Exception relating to importation of goods</header><paragraph id="idacb152d3de33415cac906ddeca223383" commented="no"><enum>(1)</enum><header>In general</header><text>The authorities and requirements under this section shall not include the authority or a requirement to impose sanctions on the importation of goods.</text></paragraph><paragraph id="id7138bc1b38804bc095dafba07dd2eecb" commented="no"><enum>(2)</enum><header>Good defined</header><text>In this section, the term <term>good</term> means any article, natural or manmade substance, material, supply, or manufactured product, including inspection and test equipment, and excluding technical data.</text></paragraph></subsection></section><enum>II</enum><header>Special measures for modern threats</header><section id="idfbe3089d500346069ac4dfe62c86a9de"><enum>201.</enum><header>Prohibitions or conditions on certain transmittals of funds</header><text display-inline="no-display-inline">Section 5318A of title 31, United States Code, is amended—</text><paragraph id="HDD7A1283400348A6A7CEB7B149E54514"><enum>(1)</enum><text display-inline="yes-display-inline">in subsection (a)(2)(C), by striking <quote>subsection (b)(5)</quote> and inserting <quote>paragraphs (5) and (6) of subsection (b)</quote>; and </text></paragraph><paragraph id="H304C8F64BF5D49569BD95736A8F5C46B"><enum>(2)</enum><text>in subsection (b)—</text><subparagraph id="HDDB66132B1D447848C0F997F880F456A"><enum>(A)</enum><text>in paragraph (5), by striking <quote>for or on behalf of a foreign banking institution</quote>; and</text></subparagraph><subparagraph id="HD8D7670922234517A4770432A38A61F9"><enum>(B)</enum><text>by adding at the end the following:</text><quoted-block id="H98627F564A6E4A03ACA4EBD2ED8C9FCF" style="OLC"><paragraph id="H9D6DF832CF5847719EE6BC4C553572B1"><enum>(6)</enum><header>Prohibitions or conditions on certain transmittals of funds</header><text>If the Secretary finds a jurisdiction outside of the United States, 1 or more financial institutions operating outside of the United States, 1 or more types of accounts within, or involving, a jurisdiction outside of the United States, or 1 or more classes of transactions within, or involving, a jurisdiction outside of the United States to be of primary money laundering concern, the Secretary, in consultation with the Secretary of State, the Attorney General, and the Chairman of the Board of Governors of the Federal Reserve System, may prohibit, or impose conditions upon, certain transmittals of funds (as such term may be defined by the Secretary in a special measure issuance, by regulation, or as otherwise permitted by law), to or from any domestic financial institution or domestic financial agency if such transmittal of funds involves any such jurisdiction, institution, type of account, class of transaction, or type of account.</text></paragraph><after-quoted-block>.</after-quoted-block></quoted-block></subparagraph></paragraph></section><enum>III</enum><header display-inline="yes-display-inline">Funding</header><section id="id0d500574a83e4f4ea3ff574e8ae744b2"><enum>301.</enum><header>Adequate funding to prevent evasion of counter-terrorism sanctions and financial crime enforcement</header><text display-inline="no-display-inline">There are authorized to be appropriated to the Secretary of the Treasury such funds as are necessary to carry out the purposes of this Act.</text></section>