116th CONGRESS 2d Session |
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.
November 20, 2020
Mrs. Axne (for herself and Mr. Steil) introduced the following bill; which was referred to the Committee on Financial Services
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,
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.