Pittenger Introduces Two Counter-Terrorism Bills

Press Release

Congressman Robert Pittenger (NC-09), Vice Chairman of the Financial Services Committee Task Force to Investigate Terrorism Financing, introduced two bipartisan counter-terrorism financing bills on Tuesday.

"Over the past year, the Task Force has worked to identify important changes Congress can make to strengthen America's terror finance countermeasures," said Congressman Pittenger.

"The bills we introduced on Tuesday represent an important step for our government in recognizing the various threats we face enabled through various terrorism financing efforts. Our objective is to enact federal policies to stop the flow of illicit dollars to criminal and terror organizations."

H.R. 5606, the Anti-terrorism Information Sharing Is Strength Act, increases information sharing across federal law enforcement agencies and requires the Treasury Department to report to Congress the risks and benefits of sharing information with foreign financial institutions. Congresswoman Maxine Waters, Ranking Member of the House Financial Services Committee, joined as an original cosponsor.

H.R. 5607, the Enhancing Treasury's Anti-Terror Tools Act, requires the Treasury Department to investigate ways to incorporate our Embassies into counter-terrorism financing efforts, assess ways to improve anti-terror finance monitoring of cross-border fund transfers, and implement a program to allow relevant federal agencies one source for import and export data to better track trade based money laundering. Congressman Stephen Lynch, Ranking Member of the Financial Services Committee Task Force to Investigate Terrorism Financing, joined as an original cosponsor.

Congressman Pittenger serves as Chairman of the Congressional Task Force on Terrorism and Unconventional Warfare and Vice Chairman of the Financial Services Committee Task Force to Investigate Terrorism Financing. He is currently travelling in the Middle East for a series of important national security and counter-terrorism meetings.

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