1. Short title This Act may be cited as the Financial Access Improvements Act . 2. Improvements by countries in combating narcotics-related money laundering (a) In general Section 489 of the Foreign Assistance Act of 1961 ( 22 U.S.C. 2291h ) is amended— (1) in subsection (a)(7)— (A) in the matter before subparagraph (A), by striking paragraph (3)(D) and inserting paragraph (3)(C) ; and (B) by inserting after subparagraph (C) the following: (D) Where the information is available, examples of improvements in each country related to the findings described in each of clauses (i) through (viii) of subparagraph (C), such as— (i) actions taken by the country due to each country’s adoption of law and regulations considered essential to prevent narcotics-related money laundering; (ii) enhanced enforcement actions taken by the country, such as regulatory penalties, criminal prosecutions and convictions, and asset seizures and forfeitures; (iii) status changes in international financial crime-related evaluations; (iv) other descriptions that are representative of efforts to enhance the prevention of narcotics-related money laundering; and (v) if applicable, bilateral, multilateral, and regional initiatives which have been undertaken to prevent narcotics-related money laundering. . (b) Additional requirements for money laundering issues In making each report required under section 489(a) of the Foreign Assistance Act of 1961 as amended by subsection (a), the President shall— (1) consult with the Secretary of the Treasury on any parts of the report relating to money laundering; (2) provide each country identified pursuant to subsection (a)(3)(C) with an opportunity to provide comments on any parts of the draft report relating to money laundering in such country and, where appropriate, include such comments in the final report