Introduced in Senate

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 3608 Introduced in Senate (IS)]

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119th CONGRESS
  2d Session
                                S. 3608

To require a strategy for the expanded use of Trade Transparency Units.

_______________________________________________________________________

                   IN THE SENATE OF THE UNITED STATES

              January 8 (legislative day, January 7), 2026

  Mr. Sheehy introduced the following bill; which was read twice and
                  referred to the Committee on Finance

_______________________________________________________________________

                                 A BILL

To require a strategy for the expanded use of Trade Transparency Units.

    Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Trade Transparency Unit Strategy
Act''.

SEC. 2. STRATEGY FOR THE EXPANSION OF TRADE TRANSPARENCY UNITS.

SEC. 2. STRATEGY FOR THE EXPANSION OF TRADE TRANSPARENCY UNITS.

    (a) Sense of Congress.--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.
    (b) Strategy.--
            (1) In general.--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.
            (2) Form.--The strategy required by paragraph (1) shall be
        submitted in unclassified form and may contain a classified
        annex.
    (c) Comptroller General Assessment.--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).
    (d) Appropriate Congressional Committees Defined.--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.
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