Preventing rogue and foreign actors from evading sanctions

(a) Report and strategy with respect to digital assets and other related emerging technologies (1) In general Not later than 180 days after the date of the enactment of this Act, the President, acting through the Secretary of the Treasury and in consultation with the head of each agency represented on the Independent Financial Technology Working Group to Combat Terrorism and Illicit Financing pursuant to section 2(a)(2), shall submit to the appropriate congressional committees a report that describes— (A) the potential uses of digital assets and other related emerging technologies by States, non-State actors, foreign terrorist organizations, and other terrorist groups to evade sanctions, finance terrorism, or launder monetary instruments, and threaten the national security of the United States; and (B) a strategy for the United States to mitigate and prevent the illicit use of digital assets and other related emerging technologies. (2) Form of report; public availability (A) In general The report required by paragraph (1) shall be submitted in unclassified form, but may include a classified annex. (B) Public availability The unclassified portion of each report required by paragraph (1) shall be made available to the public and posted on a publicly accessible website of the Department of the Treasury— (i) in precompressed, easily downloadable versions, in all appropriate formats; and (ii) in machine-readable format, if applicable. (3) Sources of information In preparing the reports required by paragraph (1), the President may utilize any credible publication, database, or web-based resource, and any credible information compiled by any government agency, nongovernmental organization, or other entity that is made available to the President. (b) Briefing Not later than 2 years after the date of the enactment of this Act, the Secretary of the Treasury shall brief the appropriate congressional committees on the implementation of the strategy required by subsection (a)(1)(B).