Shipping transparency risk mitigation

The Secretary of the Treasury shall direct the United States Executive Director at the International Bank for Reconstruction and Development to use the voice, vote, and influence of the United States to encourage the Bank to require that the provision of financing for a shipping or port project include risk mitigation plans to minimize corruption and crime, including— (1) dedicated port security personnel plans which identify— (A) specialized compliance officers trained in international shipping regulations and sanctions compliance; (B) risk assessment teams responsible for evaluating potential threats and suspicious activities; and (C) on-site legal advisors to provide immediate guidance on compliance and legal issues; (2) enhanced vessel tracking systems, such as long-range identification and tracking systems, to provide continuous monitoring of vessel positions; (3) integrated information management systems, such as centralized data management platforms for real-time sharing of vessel and cargo information among port authorities, customs, and security agencies; (4) plans for regular compliance audits and inspections, including— (A) scheduled and random audits of shipping documentation, cargo, and vessel operations to ensure adherence to regulations; (B) comprehensive inspection protocols for high-risk shipments, including physical checks and verification of cargo manifests; and (C) personnel trained in verifying the origin of petroleum and petroleum products and their blends and grades, and in corroborating certificates of origin for oil cargos; (5) community and stakeholder engagement plans, including— (A) public awareness campaigns to educate local communities and port workers about the importance of shipping transparency and compliance; and (B) collaboration with industry stakeholders to develop and implement best practices for risk mitigation and compliance; (6) technology-driven surveillance capacity, including satellite imagery for remote monitoring of port activities and vessel movements; and (7) robust reporting and whistleblower programs, including— (A) confidential reporting channels for employees and stakeholders to report suspicious activities without fear of retaliation; and (B) incentive programs to encourage the reporting of compliance breaches and illicit activities.