Trade Transparency Unit Strategy Act

Key Points

• Congress would require the Homeland Security Department to write a plan within 180 days to expand the use of Trade Transparency Units.
• The plan would aim to share more trade and customs information among U.S. agencies like Customs and Border Protection and financial crime investigators.
• It also calls for stronger information sharing with foreign customs agencies to help spot money laundering tied to international trade.
• The strategy must be sent to Congress in a public (unclassified) form, though it can include a secret add-on section if needed.
• After the plan is submitted, the government’s top auditor would review it and report back to Congress within 180 days.

Impact Analysis

Govbase has not yet run an impact analysis on this legislation.