Trade Transparency Unit Strategy Act

Key Points

• Congress would require Homeland Security to deliver a plan within 180 days to expand “Trade Transparency Units,” which share trade data to spot money laundering.
• The plan would involve more information sharing between border officers, investigators, Commerce officials, and Treasury’s financial-crime office, plus partner customs agencies abroad.
• The strategy must also improve how U.S. agencies share information with each other and with international partners, aiming to better track suspicious trade patterns.
• The plan would be public (unclassified), but it could include a classified add-on. That means some details could stay secret for security reasons.
• After the plan is submitted, the government’s watchdog would review it and report back to Congress within 180 days.

Impact Analysis

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