2017 US Code
Title 50 - War and National Defense
Chapter 44 - National Security
Subchapter I - Coordination for National Security
Sec. 3055 - Annual report on financial intelligence on terrorist assets

On a ¹ 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—

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.

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.

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

(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.)

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

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,".

¹ So in original. Probably should be "an".