PRIA, Government Policy, Made Personal

Summary

The Secretary of the Treasury, through the head of the Office of Intelligence Support, must send an annual report to the listed congressional committees about work against terrorist financial networks. The report must cover the previous one-year period and say: the total number of asset seizures, designations, and other actions against people or groups who supported terrorism; the total number of physical searches of offices, homes, or financial records of those suspects; and whether the financial intelligence taken in those cases was shared fully and promptly with all U.S. departments and agencies that take part in the Foreign Terrorist Asset Tracking Center. If someone or their assets are designated as having engaged in terrorist activity, the Secretary must notify the same congressional committees within 24 hours. The deadline dates for sending the annual reports to the congressional intelligence committees are set under section 3106. "Appropriate congressional committees" means the House Permanent Select Committee on Intelligence, the House Committees on Appropriations, Armed Services, and Financial Services; and the Senate Select Committee on Intelligence, and the Senate Committees on Appropriations, Armed Services, and Banking, Housing, and Urban Affairs.

Title 50, §3055

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(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

In the case of a designation of an individual or entity, or the assets of an individual or entity, as having been found to have engaged in terrorist activities, the Secretary of the Treasury shall report such designation within 24 hours of such a designation to the appropriate congressional committees.

(c)Submittal date of reports to congressional intelligence committees

In the case of the reports required to be submitted under subsection (a) to the congressional intelligence committees, the submittal dates for such reports shall be as provided in section 3106 of this title.

(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.

Notes & Related Subsidiaries

Repeal of SectionFor repeal of section by section 6801(a)(1)(A) of Pub. L. 119–60, see

Effective Date

of Repeal note below.

Editorial Notes

Codification Section was formerly classified to section 404m of this title prior to editorial reclassification and renumbering as this section.

Amendments

2022—Subsec. (a). Pub. L. 117–263 substituted “an annual” for “a annual” in introductory provisions. 2010—Pub. L. 111–259, § 347(d)(1), substituted “Annual” for “Semiannual” in section catchline. Subsec. (a). Pub. L. 111–259, § 347(d)(2)(A), (B), in heading, substituted “Annual” for “Semiannual” and, in introductory provisions, substituted “annual basis” for “semiannual basis” and “preceding one-year period” for “preceding six-month period”. Subsec. (a)(2) to (4). Pub. L. 111–259, § 347(d)(2)(C), (D), redesignated pars. (3) and (4) as (2) and (3), respectively, and struck out former par. (2) which read as follows: “the total number of applications for asset seizure and designations of individuals or entities suspected of having engaged in financial support of terrorist activities that were granted, modified, or denied;”. Subsec. (d)(1), (2). Pub. L. 111–259, § 347(d)(3), inserted “the Committee on Armed Services,” after “the Committee on Appropriations,”.

Statutory Notes and Related Subsidiaries

Effective Date

of Repeal Pub. L. 119–60, div. F, title LXVIII, § 6801(a)(1)(C), Dec. 18, 2025, 139 Stat. 1652, provided that: “The

Amendments

made by subparagraphs (A) and (B) [amending section 3106 of this title and repealing this section] shall take effect on December 31, 2026.”

§3055 Annual Report on Financial Intelligence on Terrorist Assets

Summary

Title 50, §3055

Notes & Related Subsidiaries

Effective Date

Editorial Notes

Amendments

Statutory Notes and Related Subsidiaries

Effective Date

Amendments

Citations & Metadata