To combat illicit cross-border financial activity and to improve the Trade Transparency Unit program of U.S. Immigration and Customs Enforcement, and for other purposes.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
This bill, To combat illicit cross-border financial activity and to improve the Trade Transparency Unit program of U.S. Immigration and Customs Enforcement, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers. The main policy domain is Finance, Trade, Criminal Justice.
Who Benefits and How
financial institutions, investors, and borrowers may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.
Who Bears the Burden and How
federal implementing agencies, financial institutions, investors, and borrowers may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.
Key Provisions
- Section S1: 1. Short title This Act may be cited as the Combating Cross-border Financial Crime Act of 2023.
- Section ide291e9ef9f144ef7a3c1541f574a4f5f: 2. Establishment of Cross-Border Financial Crime Center The Tariff Act of 1930 (19 U.S.C. 1304 et seq.) is amended by inserting after section 631 (19 U.S.C....
- Section ide9ec205849994a7ca7aff3722b175caf: 632. Establishment of Cross-border Financial Crime Center The Secretary of Homeland Security, acting through the Executive Associate Director of Homeland...
- Section idcf65e2d4fbd8438196004e09a7271d37: 3. Trade Transparency Units program The Tariff Act of 1930 (19 U.S.C. 1304 et seq.), as amended by section 2, is further amended by inserting after section 632...
- Section ida476e59bd2fe46c88d68c1f95bd9a36f: 633. Trade Transparency Units program The Secretary of Homeland Security, acting through the Executive Associate Director of Homeland Security Investigations,...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
This bill, To combat illicit cross-border financial activity and to improve the Trade Transparency Unit program of U.S. Immigration and Customs Enforcement, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Key Policy Areas
Finance, Trade, Criminal Justice
Primary Purpose
This bill, To combat illicit cross-border financial activity and to improve the Trade Transparency Unit program of U.S. Immigration and Customs Enforcement, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Policy Domains
Whole bill
Identified Gains
- financial institutions, investors, and borrowers
Identified Costs
- federal implementing agencies
- financial institutions, investors, and borrowers
Sponsors
Legislative Progress
IntroducedMr. Whitehouse (for himself, Mr. Cassidy, and Mr. King) introduced …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "the_commission"
- → The commission identified in the operative section
- "secretary_of_treasury"
- → Secretary of the Treasury
- "secretary_of_homeland_security"
- → Secretary of Homeland Security
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology