use multiple aggregated points of location data to indicate the precise location of a user of such platform if an illicit actor manipulates one or more of such data points. (b) Report Not later than 1 year after the date of the enactment of this Act, the Secretary of the Treasury, acting through the Undersecretary of the Treasury for Terrorism and Financial Intelligence, and in consultation with technology experts, national security experts, and law enforcement, shall submit to the Congress a report that contains the following: (1) Each finding and determination made in the study required under subsection (a). (2) Any insufficiency in or lack of available data inhibiting any finding and determination made in the study required under subsection (a). (3) A comprehensive analysis of any cost, benefit, and potential risk associated with the modernization of precise location standards used by a financial technology platform that relies on an IP address as the primary or sole indicator of the precise location of a user of the platform. (4) A comprehensive analysis of the ways in which technology that combines enhanced data analytics with multiple aggregated and authenticated sources of location data may be used to reduce evasion of United States sanctions, requirements under the Anti-Money Laundering Act of 2020, the Bank Secrecy Act, and any other statutory and regulatory obligation. (c) Definitions In this Act: (1) Anti-Money Laundering Act of 2020 The term Anti-Money Laundering Act of 2020 means Division F of the National Defense Authorization Act for Fiscal Year 2021. (2) Bank Secrecy Act The term Bank Secrecy Act has the meaning given the term under section 6303 of the Anti-Money Laundering Act of 2020 ( 31 U.S.C. 5301 note).