50 USC 3055 - Annual report on financial intelligence on terrorist assets

U.S Code last checked for updates: Nov 22, 2024

§ 3055.

Annual report on financial intelligence on terrorist assets

(a)

Annual report

On an annual basis, the Secretary of the Treasury (acting through the head of the Office of Intelligence Support) shall submit a report to the appropriate congressional committees that fully informs the committees concerning operations against terrorist financial networks. Each such report shall include with respect to the preceding one-year period—

(1)

the total number of asset seizures, designations, and other actions against individuals or entities found to have engaged in financial support of terrorism;

(2)

the total number of physical searches of offices, residences, or financial records of individuals or entities suspected of having engaged in financial support for terrorist activity; and

(3)

whether the financial intelligence information seized in these cases has been shared on a full and timely basis with the all departments, agencies, and other entities of the United States Government involved in intelligence activities participating in the Foreign Terrorist Asset Tracking Center.

(b)

Immediate notification for emergency designation

(c)

Submittal date of reports to congressional intelligence committees

(d)

Appropriate congressional committees defined

In this section, the term “appropriate congressional committees” means the following:

(1)

The Permanent Select Committee on Intelligence, the Committee on Appropriations, the Committee on Armed Services, and the Committee on Financial Services of the House of Representatives.

(2)

The Select Committee on Intelligence, the Committee on Appropriations, the Committee on Armed Services, and the Committee on Banking, Housing, and Urban Affairs of the Senate.

(July 26, 1947, ch. 343, title I, § 118, as added Pub. L. 107–306, title III, § 342(a)(1), Nov. 27, 2002, 116 Stat. 2398; amended Pub. L. 111–259, title III, § 347(d), Oct. 7, 2010, 124 Stat. 2698; Pub. L. 117–263, div. F, title LXVIII, § 6824(a)(3), Dec. 23, 2022, 136 Stat. 3615.)

cite as: 50 USC 3055