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HR 3700 113th Congress House

Building Community Financial Institutions' Capacity to Combat Money Laundering Act

Official title: To instruct the Secretary of the Treasury to use 25 percent of civil fines collected for violations of the Bank Secrecy Act to make grants to community financi… Show full official titleShow less

Official title: To instruct the Secretary of the Treasury to use 25 percent of civil fines collected for violations of the Bank Secrecy Act to make grants to community financial institutions to improve compliance with the provisions of that Act, and for other purposes.

Introduced: December 11, 2013 See on congress.gov
Finance and Financial Sector Bank accounts, deposits, capitalCrime preventionFraud offenses and financial crimesGovernment trust fundsLaw enforcement administration and funding
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This bill died when the 113th Congress ended
It never became law before the 113th Congress (2013–2014) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 11, 2013
Referred to the House Committee on Financial Services.
Dec 11, 2013
Introduced in House
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 Latest action December 11, 2013

Referred to the House Committee on Financial Services.

 Plain-English summary Congressional Research Service

Building Community Financial Institutions' Capacity to Combat Money Laundering Act - Establishes the BSA Compliance Fund.

Requires deposit into the Fund of: (1) 25% of all civil money penalties imposed upon domestic financial institutions for violations related to mandatory reports and recordkeeping on monetary instruments transactions, and (2) 25% of any civil fine paid by a domestic financial institution for violations of other federal law with respect to actions for which a civil money penalty is also imposed for prohibited monetary transactions.

Instructs the Secretary of the Treasury to: (1) use the Fund to make grants to community financial institutions with under $10 billion in assets to improve their compliance with statutory requirements governing reports and recordkeeping on monetary instruments transactions, and (2) give grant priority to institutions located in counties that have 20% or more of residents living below the federal poverty line.


 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). H.R. 3700: Building Community Financial Institutions' Capacity to Combat Money Laundering Act. 113th Congress. Open America. https://openamerica.io/bill/113-HR-3700/
MLA
"H.R. 3700: Building Community Financial Institutions' Capacity to Combat Money Laundering Act." 113th Congress, 2026, Open America, https://openamerica.io/bill/113-HR-3700/.
Bluebook (legal)
H.R. 3700, 113th Cong. (2026), https://openamerica.io/bill/113-HR-3700/.
Markdown link
[H.R. 3700: Building Community Financial Institutions' Capacity to Combat Money Laundering Act](https://openamerica.io/bill/113-HR-3700/)
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