This bill extends and updates requirements for the federal government's strategy to combat terrorism financing and money laundering. It amends an existing 2017 law by pushing back key deadlines from 2024 and 2026 to 2028 and 2030, giving the President and relevant agencies more time to complete their work. The bill also updates the specific national risk assessment documents that must be submitted to Congress, replacing references to older 2020 and 2022 strategy documents with three new 2026 assessments focused on money laundering, terrorist financing, and proliferation financing. This legislation affects federal agencies responsible for financial security and counterterrorism efforts, as well as Congress, which will receive updated assessments on emerging threats to the financial system. The bill does not specify new funding requirements.