S. 3608 — Introduced in Senate

II 119th CONGRESS 2d Session S. 3608 IN THE SENATE OF THE UNITED STATES January 8 (legislative day, January 7), 2026Mr. 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. 1. Short title This Act may be cited as the Trade Transparency Unit Strategy Act. 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.