Bill > HR6988

This bill, titled the "Trade Transparency Unit Strategy Act," mandates the creation of a strategy to enhance the use of Trade Transparency Units (TTUs), which are described as vital tools for combating international money laundering. Specifically, within 180 days of the bill's enactment, the Secretary of Homeland Security, in collaboration with the Secretaries of State, Commerce, and the Treasury, must present a plan to Congress. This strategy will focus on increasing information sharing between various U.S. agencies, including U.S. Customs and Border Protection, Homeland Security Investigations, relevant parts of the Department of Commerce, and the Financial Crimes Enforcement Network (FinCEN) of the Treasury Department, as well as with foreign customs agencies through TTUs. The goal is to improve how these agencies share information both internally, between different U.S. government departments, and with international partners. The strategy will be submitted in an unclassified format, though a classified annex is permitted. Furthermore, the Comptroller General of the United States will review and assess this strategy within 180 days of its submission, reporting their findings to the relevant congressional committees.

Budget and Finance

https://www.congress.gov/bill/119th-congress/house-bill/6988/all-info