PUBLIC LAW 107-306 —NOV. 27, 2002 116 STAT. 2399 "(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 INTEL- LIGENCE 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 507. "(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, and the Committee on Financial Services of the House of Representatives. "(2) The Select Committee on Intelligence, the Committee on Appropriations, and the Committee on Banking, Housing, and Urban Affairs of the Senate.". (2) CLERICAL AMENDMENT.— The table of contents contained in the first section of such Act is amended by inserting after the item relating to section 117 the following new item: "Sec. 118. Semiannual report on financial intelligence on terrorist assets.". (b) CONFORMING AMENDMENT.— Section 501(f) of the National Security Act of 1947 (50 U.S.C. 413(f)) is amended by inserting before the period the following: ", and includes financial intelligence activities". SEC. 343. TERRORIST IDENTIFICATION CLASSIFICATION SYSTEM. 50 USC 404n-2. (a) REQUIREMENT. —(1) The Director of Central Intelligence, acting as head of the Intelligence Community, shall— (A) establish and maintain a list of individuals who are known or suspected international terrorists, and of organizations that are known or suspected international terrorist organizations; and (B) ensure that pertinent information on the list is shared with the departments, agencies, and organizations described by subsection (c). (2) The list under paragraph (1), and the mechanisms for sharing information on the list, shall be known as the "Terrorist Identification-Classification System". (b) ADMINISTRATION. — (1) The Director shall prescribe requirements for the inclusion of an individual or organization on the
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list required by subsection (a), and for the deletion or omission r from the list of an individual or organization currently on the Hst. (2) The Director shall ensure that the information utilized to determine the inclusion, or deletion or omission, of an individual or organization on or from the list is derived from all-source intelligence. (3) The Director shall ensure that the list is maintained in accordance with existing law and regulations governing the collection, storage, and dissemination of intelligence concerning United States persons.
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