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116TH CONGRESS
2D SESSION
H. R. 8794
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 pro-
liferation finance and sanctions evasion, and for other purposes.
IN THE HOUSE OF REPRESENTATIVES
NOVEMBER 20, 2020
Mrs. AXNE (for herself and Mr. STEIL) introduced the following bill; which
was referred to the Committee on Financial Services
A BILL
To require the Secretary of the Treasury to establish an
advisory team to examine strategies to increase coopera-
tion between the public and private sectors for purposes
of countering illicit finance, including proliferation fi-
nance and sanctions evasion, and for other purposes.
Be it enacted by the Senate and House of Representa-
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tives of the United States of America in Congress assembled,
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SECTION 1. SHORT TITLE.
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This Act may be cited as the ‘‘Preventing Illicit Fi-
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nance Act’’.
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•HR 8794 IH
SEC. 2. ENCOURAGING INFORMATION SHARING AND PUB-
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LIC-PRIVATE PARTNERSHIPS.
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(a) IN GENERAL.—The Secretary of the Treasury
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shall convene an advisory team of relevant Federal agen-
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cies, private sector experts in banking, national security,
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and law enforcement, and other stakeholders to—
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(1) examine strategies to increase cooperation
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between the public and private sectors for purposes
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of countering illicit finance, including proliferation
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finance and sanctions evasion; and
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(2) advise on strategies to combat the risk re-
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lating to proliferation financing.
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(b) MEETINGS.—The advisory team shall meet peri-
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odically, including at the request of the Secretary of the
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Treasury.
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(c) FEDERAL ADVISORY COMMITTEE ACT.—The
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Federal Advisory Committee Act (5 U.S.C. App.) shall not
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apply to the advisory team or to the activities of the advi-
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sory team.
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