1. Study and report on the efforts of authoritarian regimes in foreign countries to exploit the financial system of the United States (a) Study (1) In general Not later than 1 year after the date of the enactment of this section, the Secretary of the Treasury and the Attorney General shall jointly conduct a study on how authoritarian regimes in foreign countries and the proxies of such regimes use the financial system of the United States to— (A) conduct political influence operations; (B) sustain kleptocratic methods of maintaining power; (C) export corruption; (D) fund nongovernmental organizations, media organizations, or academic initiatives in the United States to advance the interests of such regimes; and (E) otherwise undermine democratic governance in the United States and the partners and allies of the United States. (2) Consultation The Secretary of the Treasury and the Attorney General shall carry out the study required under paragraph (1) in consultation with the heads of other relevant national security, intelligence, and law enforcement agencies. (b) Report Not later than 2 years after the date of the enactment of this section, the Secretary of the Treasury shall submit to the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Financial Services of the House of Representatives a report that includes— (1) the results of the study required under subsection (a)(1); and (2) any recommendations for legislative or regulatory action, or steps to be taken by United States financial institutions, that would address exploitation of the financial system of the United States by authoritarian regimes in foreign countries and the proxies of such regimes.