summary
Introduced
05/09/2019
05/09/2019
In Committee
05/09/2019
05/09/2019
Crossed Over
09/23/2019
09/23/2019
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
116th Congress
Bill Summary
Advancing Innovation to Assist Law Enforcement Act Advancing Innovation to Assist Law Enforcement Act This bill requires the Financial Crimes Enforcement Network to report on emerging financial technologies—including artificial intelligence, digital identity, and blockchain technologies—and their use in law enforcement.
AI Summary
This bill requires the Financial Crimes Enforcement Network (FinCEN) to conduct a study on the use of emerging technologies, including artificial intelligence, digital identity, and blockchain, within FinCEN. The study will examine the status of implementation and internal use of these technologies, whether they can be further leveraged to improve FinCEN's data analysis and dissemination to support law enforcement investigations, and any best practices or concerns related to these technologies in the context of anti-money laundering and combating illicit finance. The bill also requires FinCEN to report the findings of the study and any related policy recommendations to Congress within six months of the bill's enactment.
Committee Categories
Business and Industry, Housing and Urban Affairs
Sponsors (3)
Last Action
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (on 09/23/2019)
Official Document
bill text
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bill summary
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