Sec. 261. DEVELOPMENT OF NATIONAL STRATEGY

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## SEC. 261 DEVELOPMENT OF NATIONAL STRATEGY ###

(a)In General The President, acting through the Secretary, shall, in consultation with the Attorney General, the Secretary of State, the Secretary of Homeland Security, the Director of National Intelligence, the Director of the Office of Management and Budget, and the appropriate Federal banking agencies and Federal functional regulators, develop a national strategy for combating the financing of terrorism and related forms of illicit finance. ###

(b)Transmittal to Congress ####

(1)In general Not later than 1 year after the date of the enactment of this Act, the President shall submit to the appropriate congressional committees a comprehensive national strategy developed in accordance with subsection (a). ####

(2)Updates Not later than January 31, 2024, and January 31, 2026, the President shall submit to the appropriate congressional committees updated versions of the national strategy submitted under paragraph (1). ###

(c)Separate Presentation of Classified Material Any part of the national strategy that involves information that is properly classified under criteria established by the President shall be submitted to Congress separately in a classified annex and, if requested by the chairman or ranking member of one of the appropriate congressional committees, as a briefing at an appropriate level of security.