Trade Transparency Unit Strategy Act

It is the sense of Congress that Trade Transparency Units are a critical bilateral and multilateral tool to identify, disrupt, and dismantle international money laundering networks.

Not later than 180 days after the date of the enactment of this Act, the Secretary of Homeland Security, in coordination with the Secretary of State, the Secretary of Commerce, and the Secretary of the Treasury, shall submit to the appropriate congressional committees a strategy to—

(A) expand information sharing between U.S. Customs and Border Protection, Homeland Security Investigations, appropriate elements of the Department of Commerce, the Financial Crimes Enforcement Network of the Department of the Treasury, and appropriate counterparts of foreign customs agencies through Trade Transparency Units; and

(B) improve intra-agency, inter-agency, and other multilateral information-sharing with respect to Trade Transparency Units.

The strategy required by paragraph (1) shall be submitted in unclassified form and may contain a classified annex.

Not later than 180 days after the submission of the strategy required by subsection (b), the Comptroller General of the United States shall submit to the appropriate congressional committees a report that includes an assessment of the strategy required by subsection (b).

In this section, the term appropriate congressional committees means—

(1) the Committee on Homeland Security, the Committee on Foreign Affairs, and the Committee on Ways and Means of the House of Representatives; and

(2) the Committee on Homeland Security and Governmental Affairs, the Committee on Finance, and the Committee on Foreign Relations of the Senate.