Sec. 13. Prepaid access devices, digital currencies, or other similar instruments

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Section 5312(a) of title 31, United States Code, is amended— in paragraph (2)(K)— by inserting prepaid access devices, digital currency, after money orders, ; and by inserting before the semicolon at the end the following: , or any digital exchanger or tumbler of digital currency ; in paragraph (3)(B), by inserting prepaid access devices, after delivery, ; and by adding at the end the following: prepaid access device means an electronic device or vehicle, such as a card, plate, code, number, electronic serial number, mobile identification number, personal identification number, or other instrument, that provides a portal to funds or the value of funds that have been paid in advance and can be retrievable and transferable at some point in the future. .

Not later than 18 months after the date of enactment of this Act, the Comptroller General of the United States shall submit to Congress a report on— the impact the amendments made by subsection

(a)have had on law enforcement, the prepaid access industry, and consumers; and the implementation and enforcement of the final rule entitled Bank Secrecy Act Regulations—Definitions and Other Regulations Relating to Prepaid Access (76 Fed. Reg. 45403 (July 19, 2011)) by the Department of the Treasury. Not later than 18 months after the date of enactment of this Act, the Secretary of Homeland Security, in consultation with the Commissioner of U.S. Customs and Border Protection, shall submit to Congress a report— detailing a strategy to interdict and detect prepaid access devices, digital currencies, or other similar instruments, at border crossings and other ports of entry for the United States; and that includes an assessment of infrastructure needed to carry out the strategy detailed in paragraph (1).

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76 FR 45403

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Sec. 13

Prepaid access devices, digital currencies, or other similar instruments

Fed. Reg.76 FR 45403

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