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H. Rept. 115-569 1 (2018-02-20)

handle is hein.congrecreports/crptxaiqx0001 and id is 1 raw text is: AUTHENTICATED r U.S. GOVERNMENT INFORMATION 4 115TH CONGRESS REPT.115-569 2d Session j HOUSE OF REPRESENTATIVES Part 1 END BANKING FOR HUMAN TRAFFICKERS ACT OF 2017 FEBRUARY 20, 2018.-Ordered to be printed Mr. HENSARLING, from the Committee on Financial Services, submitted the following REPORT [To accompany H.R. 2219] [Including cost estimate of the Congressional Budget Office] The Committee on Financial Services, to whom was referred the bill (H.R. 2219) to increase the role of the financial industry in combating human trafficking, having considered the same, report favorably thereon with amendments and recommend that the bill as amended do pass. The amendments (stated in terms of the page and line numbers of the introduced bill) are as follows: Page 2, strike line 5 and all that follows through page 4, line 25, and insert the following: (b) REQUIRED REVIEW OF PROCEDURES.-Not later than 180 days after the date of the enactment of this Act, the Financial Institutions Examination Council, in con- sultation with the Secretary of the Treasury, the private sector, and appropriate law enforcement agencies, shall- (1) review and enhance training and examinations procedures to improve the capabilities of anti-money laundering and countering the financing of terrorism programs to detect human trafficking-related financial transactions; (2) review and enhance procedures for referring potential human trafficking cases to the appropriate law enforcement agency; and (3) determine, as appropriate, whether requirements for financial institutions are sufficient to detect and deter money laundering related to human traf- ficking. (c) INTERAGENCY TASK FORCE RECOMMENDATIONS TARGETING MONEY LAUNDERING RELATED TO HUMAN TRAFFICKING.- (1) IN GENERAL.-Not later than 270 days after the date of the enactment of this Act, the Interagency Task Force to Monitor and Combat Trafficking shall submit to the Committee on Financial Services and the Committee on the Judi- ciary of the House of Representatives, the Committee on Banking, Housing, and Urban Affairs and the Committee on the Judiciary of the Senate, and the head of each appropriate Federal banking agency- (A) an analysis of anti-money laundering efforts of the United States Gov- ernment and United States financial institutions related to human traf- ficking; and 79-006