Sec. 113. Study and strategy on Chinese money laundering
121 words·~1 min read·
/bill/116/hr/2514/rfs/section-113·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The Secretary of the Treasury shall carry out a study on the extent and effect of Chinese money laundering activities in the United States, including territories and possessions of the United States, and worldwide. Upon the completion of the study required under subsection (a), the Secretary shall, in consultation with such other Federal departments and agencies as the Secretary determines appropriate, develop a strategy to combat Chinese money laundering activities. Not later than the end of the 1-year period beginning on the date of enactment of this Act, the Secretary of the Treasury shall issue a report to Congress containing— all findings and determinations made in carrying out the study required under subsection (a); and the strategy developed under subsection (b).