Homeland Security Assessment of Terrorists Use of Virtual Currencies Act

[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2433 Introduced in House (IH)]

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115th CONGRESS
  1st Session
                                H. R. 2433

To direct the Under Secretary of Homeland Security for Intelligence and
   Analysis to develop and disseminate a threat assessment regarding
                   terrorist use of virtual currency.

_______________________________________________________________________

                    IN THE HOUSE OF REPRESENTATIVES

                              May 16, 2017

Miss Rice of New York introduced the following bill; which was referred
                 to the Committee on Homeland Security

_______________________________________________________________________

                                 A BILL

To direct the Under Secretary of Homeland Security for Intelligence and
   Analysis to develop and disseminate a threat assessment regarding
                   terrorist use of virtual currency.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Homeland Security Assessment of
Terrorists Use of Virtual Currencies Act''.

SEC. 2. THREAT ASSESSMENT ON TERRORIST USE OF VIRTUAL CURRENCY.

    (a) In General.--Not later than 120 days after the date of the
enactment of this Act, the Under Secretary of Homeland Security for
Intelligence and Analysis, as authorized by section 201(b)(1) of the
Homeland Security Act of 2002 (6 U.S.C. 121), shall, in coordination
with appropriate Federal partners, develop and disseminate a threat
assessment regarding the actual and potential threat posed by
individuals using virtual currency to carry out activities in
furtherance of an act of terrorism, including the provision of material
support or resources to a foreign terrorist organization. Consistent
with the protection of classified and confidential unclassified
information, the Under Secretary shall share the threat assessment
developed under this section with State, local, and tribal law
enforcement officials, including officials that operate within State,
local, and regional fusion centers through the Department of Homeland
Security State, Local, and Regional Fusion Center Initiative
established in section 210A of the Homeland Security Act of 2002 (6
U.S.C. 124h).
    (b) Definitions.--In this section:
            (1) The term ``foreign terrorist organization'' means an
        organization designated as a foreign terrorist organization
        under section 219 of the Immigration and Nationality Act (8
        U.S.C. 1189).
            (2) The term ``virtual currency'' means a digital
        representation of value that functions as a medium of exchange,
        a unit of account, or a store of value.
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