Homeland Security Assessment of Terrorists’ Use of Virtual Currencies Act

IIB 116TH CONGRESS 1ST SESSION H. R. 428 IN THE SENATE OF THE UNITED STATES JANUARY 29, 2019 Received; read twice and referred to the Committee on Homeland Security and Governmental Affairs AN ACT To direct the Under Secretary of Homeland Security for Intelligence and Analysis to develop and disseminate a threat assessment regarding terrorist use of virtual cur- rency. Be it enacted by the Senate and House of Representa- 1 tives of the United States of America in Congress assembled, 2 VerDate Sep 11 2014 22:40 Jan 29, 2019 Jkt 089200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H428.RFS H428 kjohnson on DSK79L0C42 with BILLS 2 HR 428 RFS SECTION 1. SHORT TITLE. 1 This Act may be cited as the ‘‘Homeland Security 2 Assessment of Terrorists’ Use of Virtual Currencies Act’’. 3 SEC. 2. THREAT ASSESSMENT ON TERRORIST USE OF VIR- 4 TUAL CURRENCY. 5 (a) IN GENERAL.—Not later than 120 days after the 6 date of the enactment of this Act, the Under Secretary 7 of Homeland Security for Intelligence and Analysis, as au- 8 thorized by section 201(b)(1) of the Homeland Security 9 Act of 2002 (6 U.S.C. 121(b)(1)), shall, in coordination 10 with appropriate Federal partners, develop and dissemi- 11 nate a threat assessment regarding the actual and poten- 12 tial threat posed by individuals using virtual currency to 13 carry out activities in furtherance of an act of terrorism, 14 including the provision of material support or resources 15 to a foreign terrorist organization. Consistent with the 16 protection of classified and confidential unclassified infor- 17 mation, the Under Secretary shall share the threat assess- 18 ment developed under this section with State, local, and 19 tribal law enforcement officials, including officials who op- 20 erate within State, local, and regional fusion centers 21 through the Department of Homeland Security State, 22 Local, and Regional Fusion Center Initiative established 23 in section 210A of the Homeland Security Act of 2002 24 (6 U.S.C. 124h). 25 (b) DEFINITIONS.—In this section: 26 VerDate Sep 11 2014 22:40 Jan 29, 2019 Jkt 089200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6201 E:\BILLS\H428.RFS H428 kjohnson on DSK79L0C42 with BILLS 3 HR 428 RFS (1) The term ‘‘foreign terrorist organization’’ 1 means an organization designated as a foreign ter- 2 rorist organization under section 219 of the Immi- 3 gration and Nationality Act (8 U.S.C. 1189). 4 (2) The term ‘‘virtual currency’’ means a digital 5 representation of value that functions as a medium 6 of exchange, a unit of account, or a store of value. 7 Passed the House of Representatives January 29, 2019. Attest: KAREN L. HAAS, Clerk. VerDate Sep 11 2014 22:40 Jan 29, 2019 Jkt 089200 PO 00000 Frm 00003 Fmt 6652 Sfmt 6201 E:\BILLS\H428.RFS H428 kjohnson on DSK79L0C42 with BILLS