Protecting American Industry and Labor from International Trade Crimes Act of 2024

Summary

This Act directs the Department of Justice to establish a task force within the Criminal Division, within 120 days of appropriations, to investigate and prosecute trade-related crimes including duty evasion, smuggling, and trade-based money laundering. It requires the DOJ to increase prosecutorial capacity, training, and interagency coordination, and to submit annual reports to Congress on enforcement statistics and funding needs. The bill does not directly impose mortgage compliance obligations but signals heightened enforcement that could affect lenders and servicers engaged in cross-border transactions or trade finance.