H.R. 6829

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 6829 Introduced in House (IH)]

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119th CONGRESS
1st Session
H. R. 6829

To amend the Foreign Assistance Act of 1961 to make improvements to the 
International Narcotics Control Strategy Report, and for other 
purposes.

_______________________________________________________________________

IN THE HOUSE OF REPRESENTATIVES

December 17, 2025

Ms. Waters introduced the following bill; which was referred to the 
Committee on Foreign Affairs, and in addition to the Committee on 
Financial Services, for a period to be subsequently determined by the 
Speaker, in each case for consideration of such provisions as fall 
within the jurisdiction of the committee concerned

_______________________________________________________________________

A BILL

To amend the Foreign Assistance Act of 1961 to make improvements to the 
International Narcotics Control Strategy Report, and for other 
purposes.

Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

This subtitle may be cited as the ``International Financial Access 
Improvements Act''.

SEC. 2. IMPROVEMENTS BY COUNTRIES IN COMBATING NARCOTICS-RELATED MONEY 
LAUNDERING.

(a) In General.--Section 489(a)(7) of the Foreign Assistance Act of 
1961 (22 U.S.C. 2291h(a)(7)) is amended--
(1) in the matter preceding subparagraph (A), by striking 
``paragraph (3)(D)'' and inserting ``paragraph (3)(C)''; and
(2) by inserting after subparagraph (C) the following:
``(D) Where the information is available, examples 
of improvements in each country related to the findings 
described in each of clauses (i) through (viii) of 
subparagraph (C) including--
``(i) actions taken by the country due to 
the adoption of law and regulations considered 
essential to prevent narcotics-related money 
laundering;
``(ii) enhanced enforcement actions taken 
by the country, such as regulatory penalties, 
criminal prosecutions and convictions, and 
asset seizures and forfeitures;
``(iii) status changes in financial crime-
related evaluations by international standards-
setting bodies;
``(iv) efforts to enhance the prevention of 
narcotics-related money laundering; and
``(v) if applicable, bilateral, 
multilateral, and regional initiatives that 
have been undertaken to prevent narcotics-
related money laundering.''.
(b) Additional Requirements for Money Laundering Issues.--In making 
each report required under section 489(a) of the Foreign Assistance Act 
of 1961, as amended by subsection (a), the President shall--
(1) consult with the Secretary of the Treasury on any parts 
of the report relating to money laundering; and
(2) prepare a separate volume of the report containing all 
items relating to money laundering, and submit a copy of such 
separate volume to the Committee on Financial Services of the 
House of Representatives and the Committee on Banking, Housing, 
and Urban Affairs of the Senate.
(c) Report on Consistency of BSA Examinations.--
(1) In general.--The Secretary of the Treasury shall, not 
later than 180 days after the date of the enactment of this 
section--
(A) consult with the Federal banking agencies, the 
Financial Institutions Examination Council, and the 
Bank Secrecy Act Advisory Group to determine how to 
build more consistent Bank Secrecy Act exams across 
such agencies; and
(B) submit to the Committee on Financial Services 
of the House of Representatives and the Committee on 
Banking, Housing, and Urban Affairs of the Senate, a 
report that describes steps the Secretary of the 
Treasury is taking to build more consistent Bank 
Secrecy Act exams across such agencies based on the 
consultation required under subparagraph (A).
(2) Definitions.--In this subsection:
(A) Bank secrecy act.--The term ``Bank Secrecy 
Act'' means--
(i) section 21 of the Federal Deposit 
Insurance Act (12 U.S.C. 1829b);
(ii) chapter 2 of title I of Public Law 91-
508 (12 U.S.C. 1951 et seq.); and
(iii) subchapter II of chapter 53 of title 
31, United States Code.
(B) Federal banking agency.--The term ``Federal 
banking agency'' has the meaning given the term in 
section 3(q) of the Federal Deposit Insurance Act.
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