Current law requires the Department of State to report annually to the Congress on its strategy to curb international narcotics trafficking and related money laundering. H.R. 5523 would expand that requirement to include more information about countries where the department determines such money laundering is a significant concern. The bill would require the department to include information about countermeasures undertaken by those countries and include comments from those countries on the department’s findings. On the basis of information about similar reporting requirements, CBO estimates that providing that additional information would cost less than $500,000 over the 2023-2028 period; such spending would be subject to the availability of appropriated funds.
