[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 6829 Introduced in House (IH)]
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119th CONGRESS
1st Session
H. R. 6829
To amend the Foreign Assistance Act of 1961 to make improvements to the
International Narcotics Control Strategy Report, and for other
purposes.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
December 17, 2025
Ms. Waters introduced the following bill; which was referred to the
Committee on Foreign Affairs, and in addition to the Committee on
Financial Services, for a period to be subsequently determined by the
Speaker, in each case for consideration of such provisions as fall
within the jurisdiction of the committee concerned
_______________________________________________________________________
A BILL
To amend the Foreign Assistance Act of 1961 to make improvements to the
International Narcotics Control Strategy Report, 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 subtitle may be cited as the ``International Financial Access
Improvements Act''.
SEC. 2. IMPROVEMENTS BY COUNTRIES IN COMBATING NARCOTICS-RELATED MONEY
LAUNDERING.
(a) In General.--Section 489(a)(7) of the Foreign Assistance Act of
1961 (22 U.S.C. 2291h(a)(7)) is amended--
(1) in the matter preceding subparagraph (A), by striking
``paragraph (3)(D)'' and inserting ``paragraph (3)(C)''; and
(2) by inserting after subparagraph (C) the following:
``(D) Where the information is available, examples
of improvements in each country related to the findings
described in each of clauses (i) through (viii) of
subparagraph (C) including--
``(i) actions taken by the country due to
the adoption of law and regulations considered
essential to prevent narcotics-related money
laundering;
``(ii) enhanced enforcement actions taken
by the country, such as regulatory penalties,
criminal prosecutions and convictions, and
asset seizures and forfeitures;
``(iii) status changes in financial crime-
related evaluations by international standards-
setting bodies;
``(iv) efforts to enhance the prevention of
narcotics-related money laundering; and
``(v) if applicable, bilateral,
multilateral, and regional initiatives that
have been undertaken to prevent narcotics-
related money laundering.''.
(b) Additional Requirements for Money Laundering Issues.--In making
each report required under section 489(a) of the Foreign Assistance Act
of 1961, as amended by subsection (a), the President shall--
(1) consult with the Secretary of the Treasury on any parts
of the report relating to money laundering; and
(2) prepare a separate volume of the report containing all
items relating to money laundering, and submit a copy of such
separate volume to the Committee on Financial Services of the
House of Representatives and the Committee on Banking, Housing,
and Urban Affairs of the Senate.
(c) Report on Consistency of BSA Examinations.--
(1) In general.--The Secretary of the Treasury shall, not
later than 180 days after the date of the enactment of this
section--
(A) consult with the Federal banking agencies, the
Financial Institutions Examination Council, and the
Bank Secrecy Act Advisory Group to determine how to
build more consistent Bank Secrecy Act exams across
such agencies; and
(B) 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 that describes steps the Secretary of the
Treasury is taking to build more consistent Bank
Secrecy Act exams across such agencies based on the
consultation required under subparagraph (A).
(2) Definitions.--In this subsection:
(A) Bank secrecy act.--The term ``Bank Secrecy
Act'' means--
(i) section 21 of the Federal Deposit
Insurance Act (12 U.S.C. 1829b);
(ii) chapter 2 of title I of Public Law 91-
508 (12 U.S.C. 1951 et seq.); and
(iii) subchapter II of chapter 53 of title
31, United States Code.
(B) Federal banking agency.--The term ``Federal
banking agency'' has the meaning given the term in
section 3(q) of the Federal Deposit Insurance Act.
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