To require FinCEN to submit to Congress a report on Geographic Targeting Orders.

SA 3560. Mr. RUBIO (for himself, Mr. Whitehouse, and Mr. Wyden)
submitted an amendment intended to be proposed to amendment SA 3399
proposed by Mr. Shelby to the bill H.R. 6147, making appropriations for
the Department of the Interior, environment, and related agencies for
the fiscal year ending September 30, 2019, and for other purposes;
which was ordered to lie on the table; as follows:

At the appropriate place, insert the following:
Sec. ___.  Not later than 180 days after the date of
enactment of this Act, the Financial Crimes Enforcement
Network and the appropriate divisions of the Department of
the Treasury shall submit to Congress a report on any
Geographic Targeting Orders issued since 2016, including--
(1) the type of data collected;
(2) how the Financial Crimes Enforcement Network uses the
data;
(3) whether the Financial Crimes Enforcement Network needs
more authority to combat money laundering through high-end
real estate;
(4) how a record of beneficial ownership would improve and
assist law enforcement efforts to investigate and prosecute
criminal activity and prevent the use of shell companies to
facilitate money laundering, tax evasion, terrorism
financing, election fraud, and other illegal activity; and
(5) the feasibility of implementing Geographic Targeting
Orders on a permanent basis on all real estate transactions
in the United States greater than $300,000.
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