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50 U.S.C. § 3061 — Annual report on financial intelligence on terrorist assets
Federal law — U.S. Code and appendices · legal_authorities
**(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](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title50-section3106&num=0&edition=prelim).
**(d) Appropriate
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Source file: Laws/federal/codes/united-states-code/title-50/section-3061-annual-report-on-financial-intelligence-on-terrorist-assets--9e644d7b1c.md
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Source location: Title 50, Chapter 44, § 3061; chapter-044-national-security.md
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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](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title50-section3106&num=0&edition=prelim).
**(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.
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Definitions** In this section:
(1) The term “cost estimate”—
(A) means an assessment and quantification of all costs and risks associated with the acquisition of a major system based upon reasonably available information at the time the Director establishes the 2010 adjusted total acquisition cost for such system pursuant to subsection (h) or restructures such system pursuant to [section 3102(c) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title50-section3102/c&num=0&edition=prelim); and
(B) does not mean an “independent cost estimate”.
(2) The term “critical cost growth threshold” means a percentage increase in the total acquisition cost for a major system of at least 25 percent over the total acquisition cost for the major system as shown in the current Baseline Estimate for the major system.
(3)
(A) The term “current Baseline Estimate” means the projected total acquisition cost of a major system that is—
(i) approved by the Director, or a designee of the Director, at Milestone B or an equivalent acquisition decision for the development, procurement, and construction of such system;
(ii) approved by the Director at the time such system is restructured pursuant to [section 3102(c) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title50-section3102/c&num=0&edition=prelim); or
(iii) the 2010 adjusted total acquisition cost determined pursuant to subsection (h).
(B) A current Baseline Estimate may be in the form of an independent cost estimate.
(4) Except as otherwise specifically provided, the term “Director” means the Director of National Intelligence.
(5) The term “independent cost estimate” has the meaning given that term in [section 3097(e) of this title](https://uscode.h
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Federal law — U.S. Code and appendices · legal_authorities
### Statutory Notes
#### Codification
Section 404k, comprising section 116 of the National Security Act of 1947, act July 26, 1947, ch. 343, was editorially reclassified as [section 3053 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title50-section3053&num=0&edition=prelim).
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Disclosure as condition for receipt of grant** The head of an element of the intelligence community may not award a grant to a person or entity unless the person or entity has certified to the head of the element that the person or entity has disclosed to the head of the element any material financial or material in-kind support that the person or entity knows, or should have known, derives from the People’s Republic of China, the Russian Federation, the Islamic Republic of Iran, the Democratic People’s Republic of Korea, or the Republic of Cuba, during the 5-year period ending on the date of the person or entity’s application for the grant.
**(b) Process for review of grant applicants prior to award**
(1) **In general** — The head of an element of the intelligence community may not award a grant to a person or entity who submitted a certification under subsection (a) until such certification is received by the head of an element of the intelligence community and submitted to the Director of National Intelligence pursuant to the process set forth in paragraph (2).
(2) **Process**
(A) *In general* — The Director of National Intelligence, in coordination with such heads of elements of the intelligence community as the Director considers appropriate, shall establish a process to review the awarding of a grant to an applicant who submitted a certification under subsection (a).
(B) *Elements* — The process established under subparagraph (A) shall include the following:
(i) The immediate transmission of a copy of each applicant’s certification made under subsection (a) to the Director of National Intelligence.
(ii) The review of the certification and any accompanying disclosures submitted under subsection (a) as soon as practicable.
(iii) Authori
Source: Supplied U.S. Code snapshot — release unconfirmed · 50 U.S.C. § 3073
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Federal law — U.S. Code and appendices · legal_authorities
Page 654
TITLE 50—WAR AND NATIONAL DEFENSE
§ 3061
the Federal Government that are not elements
of the intelligence community that conduct
analysis of climate change or climate secu-
rity—
(A) to exchange appropriate data between
such elements, establish processes, proce-
dures and practices for the routine exchange
of such data, discuss the implementation of
such processes; and
(B) to enable and facilitate the sharing of
findings and analysis between such ele-
ments.
(8) To assess whether the elements of the
intelligence community that conduct anal-
ysis of climate change or climate security
may inform the research direction of aca-
demic work and the sponsored work of the
United States Government.
(9) At the discretion of the chair of the
Council, to convene conferences of analysts
and nonintelligence community personnel
working on climate change or climate secu-
rity on subjects that the chair shall direct.
(d) Annual report
(1) Requirement
Not later than January 31, 2021, and not less
frequently than annually thereafter, the chair
of the Council shall submit, on behalf of the
Council, to the congressional intelligence
committees a report describing the activities
of the Council as described in subsection (c)
during the year preceding the year during
which the report is submitted.
(2) Matters included
Each report under paragraph (1) shall in-
clude a description of any obstacles or gaps re-
lating to—
(A) the Council fulfilling its duties and re-
sponsibilities under subsection (c); or
(B) the responsiveness of the intelligence
community to the climate security needs
and priorities of the policymaking elements
of the Federal Government.
(e) Sunset
The Council shall terminate on December 31,
2024.
(f) Definitions
In this section:
(1)
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