106 STAT. 4074 PUBLIC LAW 102-550—OCT. 28, 1992

(3) receives advice on the manner in which the reporting
requirements referred to in subsection (a) should be modified
to enhance the ability of law enforcement agencies to use the
information provided for law enforcement purposes,
(c) INAPPLICABILITY OF FEDERAL ADVISORY COMMITTEE ACT.—
The Federal Advisory Committee Act shall not apply to the Bank
Secrecy Act Advisory Group established pursuant to subsection
(a).

31U8C 5311 SEC. 1566. GAO FEASIBILITY STUDY OF THE FINANCIAL CRIMES
note. ENFORCEMENT NETWORK.

(a) STUDY REQUIRED.—The Comptroller General of the United
States shall conduct a feasibility study of the Financial Crimes
Enforcement Network (popularly referred to as "Fincen") estab-
lished by the Secretary of the Treasury in cooperation with other
agencies and departments of the United States and appropriate
Federal banking agencies.

(b) SPECIFIC REQUIREMENTS.—In conducting the study required
under subsection (a), the Comptroller General shall examine and
evaluate—

(1) the extent to which Federal, State, and local govern-
mental and nongovernmental organizations are voluntarily
providing information which is necessary for the system to
be useful for law enforcement purposes;

(2) the extent to which the operational guidelines estab-
lished for the system provide for tike coordinated and efficient
entry of information into, and withdrawal of information from,
the system;

(3) the extent to which the operating procedures established
for the system provide appropriate standards or guidelines
for determining—

(A) who is to be given access to the information in
the system;

(B) what limits are to be imposed on the use of such
information; and

(C) how information about activities or relationships
which involve or are closely associated with the exercise
of constitutional rights is to be screened out of the system;
and

(4) the extent to which the operating procedures established
for the system provide for the prompt verification of the
accuracy and completeness of information entered into the sys-
tem and the prompt deletion or correction of inaccurate or
incomplete information.

(c) REPORT TO CONGRESS.—Before the end of the 1-year period,
beginning on the date of the enactment of this Act, the Comptroller
General of the United States shall submit a report to the Congress
containing the findings and conclusions of the Comptroller General
in connection with the study conducted pursuant to subsection
(a), together with such recommendations for legislative or adminis-
trative action as the Comptroller General may determine to be
appropriate.