Bill > S3603

This bill establishes an information-sharing pilot program between government agencies and designated private sector entities, such as money services businesses and crypto asset industry companies, to combat the illicit use of crypto assets. The program allows government agencies to share information on potential illicit finance violations, threats, and emerging risks with the designated private sector entities, who can then use this information to identify and report on activities that may involve illicit finance. The bill also provides liability protection for the designated private sector entities that participate in the program, and the pilot program is set to terminate after 5 years.