50 U.S.C. § 3055 — Annual report on financial intelligence on

Page 647 TITLE 50—WAR AND NATIONAL DEFENSE § 3056 randum of President of the United States, Apr. 21, 2005, 70 F.R. 23925, set out as a note under section 3001 of this title. Amendment by Pub. L. 108–458 effective not later than six months after Dec. 17, 2004, except as otherwise expressly provided, see section 1097(a) of Pub. L. 108–458, set out in an Effective Date of 2004 Amendment; Transition Provisions note under section 3001 of this title. § 3055. Annual report on financial intelligence on terrorist assets (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 oper- ations against terrorist financial networks. Each such report shall include with respect to the preceding one-year period— (1) the total number of asset seizures, des- ignations, and other actions against individ- uals or entities found to have engaged in fi- nancial support of terrorism; (2) the total number of physical searches of offices, residences, or financial records of indi- viduals or entities suspected of having en- gaged in financial support for terrorist activ- ity; and (3) whether the financial intelligence infor- mation seized in these cases has been shared on a full and timely basis with the all depart- ments, agencies, and other entities of the United States Government involved in intel- ligence activities participating in the Foreign Terrorist Asset Tracking Center. (b) Immediate notification for emergency des- ignation 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 ter- rorist activities, the Secretary of the Treasury shall report such designation within 24 hours of such a designation to the appropriate congres- sional committees. (c) Submittal date of reports to congressional in- telligence committees In the case of the reports required to be sub- mitted 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 de- fined In this section, the term ‘‘appropriate congres- sional committees’’ means the following: (1) The Permanent Select Committee on In- telligence, 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 Com- mittee on Armed Services, and the Committee on Banking, Housing, and Urban Affairs of the Senate. (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; Pub. L. 117–263, div. F, title LXVIII, § 6824(a)(3), Dec. 23, 2022, 136 Stat. 3615.) Editorial Notes CODIFICATION Section was formerly classified to section 404m of this title prior to editorial reclassification and renum- bering as this section. AMENDMENTS 2022—Subsec. (a). Pub. L. 117–263 substituted ‘‘an an- nual’’ 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 head- ing, substituted ‘‘Annual’’ for ‘‘Semiannual’’ and, in in- troductory 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 hav- ing 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 Com- mittee on Appropriations,’’. § 3056. National Counterterrorism Center (a) Establishment of Center There is within the Office of the Director of National Intelligence a National Counterterrorism Center. (b) Director of National Counterterrorism Center (1) There is a Director of the National Counterterrorism Center, who shall be the head of the National Counterterrorism Center, and who shall be appointed by the President, by and with the advice and consent of the Senate. (2) The Director of the National Counterterrorism Center may not simulta- neously serve in any other capacity in the exec- utive branch. (c) Reporting (1) The Director of the National Counterterrorism Center shall report to the Di- rector of National Intelligence with respect to matters described in paragraph (2) and the President with respect to matters described in paragraph (3). (2) The matters described in this paragraph are as follows: (A) The budget and programs of the National Counterterrorism Center. (B) The activities of the Directorate of Intel- ligence of the National Counterterrorism Cen- ter under subsection (i). (C) The conduct of intelligence operations implemented by other elements of the intel- ligence community; and (3) The matters described in this paragraph are the planning and progress of joint counterterrorism operations (other than intel- ligence operations). (d) Primary missions The primary missions of the National Counterterrorism Center shall be as follows: