[Congressional Record Volume 164, Number 125 (Wednesday, July 25, 2018)]
[Senate]
[Page S5381]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 3560. Mr. RUBIO (for himself, Mr. Whitehouse, and Mr. Wyden) 
submitted an amendment intended to be proposed to amendment SA 3399 
proposed by Mr. Shelby to the bill H.R. 6147, making appropriations for 
the Department of the Interior, environment, and related agencies for 
the fiscal year ending September 30, 2019, and for other purposes; 
which was ordered to lie on the table; as follows:

       At the appropriate place, insert the following:
       Sec. ___.  Not later than 180 days after the date of 
     enactment of this Act, the Financial Crimes Enforcement 
     Network and the appropriate divisions of the Department of 
     the Treasury shall submit to Congress a report on any 
     Geographic Targeting Orders issued since 2016, including--
       (1) the type of data collected;
       (2) how the Financial Crimes Enforcement Network uses the 
     data;
       (3) whether the Financial Crimes Enforcement Network needs 
     more authority to combat money laundering through high-end 
     real estate;
       (4) how a record of beneficial ownership would improve and 
     assist law enforcement efforts to investigate and prosecute 
     criminal activity and prevent the use of shell companies to 
     facilitate money laundering, tax evasion, terrorism 
     financing, election fraud, and other illegal activity; and
       (5) the feasibility of implementing Geographic Targeting 
     Orders on a permanent basis on all real estate transactions 
     in the United States greater than $300,000.
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