Requires a new government strategy to better fight international money laundering.
This bill would require top federal agencies, led by the Department of Homeland Security, to create a detailed plan within six months. This plan would focus on expanding and improving how special teams called Trade Transparency Units share information. This is to stop international money laundering networks. The goal is to make it harder for criminals to move illegal money across borders.
Trade Transparency Units currently fight international money laundering. However, there is no official, required strategy for how federal agencies should expand their use or improve information sharing. Agencies work together, but without a unified, mandated plan. If this bill becomes law, the Department of Homeland Security and other key departments would be required to develop a comprehensive strategy. This must be done within 180 days. This plan would specifically aim to expand these units and boost information sharing among U.S. and foreign agencies. This would lead to a more coordinated effort against money laundering.
S 3608 · 119th Congress · January 8, 2026 · AI Summary by gemini-2.5-flash · 10/10
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Amounts reflect total quarterly lobbying spend reported to the Senate, not bill-specific spending. Source: Senate LDA filings.