H.R. 2622 – Countering Terrorist Financing Act of 2017

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Updated April 15, 2026 at 3:48 PM UTC

The Countering Terrorist Financing Act of 2017 changes the law so the Treasury Secretary can target any type of money—not just coins or paper currency—when issuing geographic targeting orders (GTOs). By expanding the definition of “funds,” the bill gives the Treasury broader authority to block financial transactions that may support terrorism. The change mainly affects the Treasury Department and financial institutions that must follow GTOs.

Key Provisions

Amends Section 5326 of Title 31 to replace references to “coin and currency” with the broader term “funds.”
Updates the heading and language in subsections (a) and (b) so the Secretary can describe and target any funds in a GTO.
Makes a clerical update to the table of contents to remove the phrase “coin and currency.”

Legislative Activity

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1 earlier action

HouseIntro Referral Latest Action

Referred to the House Committee on Financial Services.

Financial Services Committee

May 24, 2017

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HouseIntro Referral

Introduced in House

May 24, 2017

HouseIntro Referral

Referred to the House Committee on Financial Services.

Financial Services Committee

May 24, 2017

Bill Text

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Introduced in HouseIssued May 24, 2017

I

115th CONGRESS

1st Session

H. R. 2622

IN THE HOUSE OF REPRESENTATIVES

May 24, 2017

Mr. Lynch (for himself and Mr. King of New York) introduced the following bill; which was referred to the Committee on Financial Services

A BILL

To amend title 31, United States Code, to authorize the Secretary of the Treasury to include all funds when issuing certain geographic targeting orders, and for other purposes.

1.

Short title

This Act may be cited as the Countering Terrorist Financing Act of 2017.

2.

Inclusion of all funds

(a)

In general

Section 5326 of title 31, United States Code, is amended—

(1)

in the heading of such section, by striking coin and currency;

(2)

in subsection (a)—

(A)

by striking subtitle and and inserting subtitle or to; and

(B)

in paragraph (1)(A), by striking United States coins or currency (or such other monetary instruments as the Secretary may describe in such order) and inserting funds (as the Secretary may describe in such order),; and

(3)

in subsection (b)—

(A)

in paragraph (1)(A), by striking coins or currency (or monetary instruments) and inserting funds; and

(B)

in paragraph (2), by striking coins or currency (or such other monetary instruments as the Secretary may describe in the regulation or order) and inserting funds (as the Secretary may describe in the regulation or order).

(b)

Clerical amendment

The table of contents for chapter 53 of title 31, United States Code, is amended in the item relating to section 5326 by striking coin and currency.