“A bill to require a strategy for the expanded use of Trade Transparency Units.”
No CRS summary available for this bill.
This section directs the Secretary of Homeland Security, in coordination with the Secretaries of State, Commerce, and the Treasury, to submit to the appropriate congressional committees—defined as specified committees in the House and Senate—within 180 days of enactment a strategy to (1) expand information sharing between U.S. Customs and Border Protection, Homeland Security Investigations, relevant Department of Commerce elements, the Financial Crimes Enforcement Network, and foreign customs counterparts through Trade Transparency Units (TTUs); and (2) improve intra-agency, inter-agency, and multilateral TTU-related information sharing. (As background, TTUs are bilateral initiatives that enable advance trade data exchanges to detect trade-based money laundering.) The section further requires the Comptroller General, within 180 days after the strategy's submission, to submit to the same committees a report assessing the strategy.