Establishment of the Treasury Repatriation Verification Database

(a) Creation The Secretary of the Treasury shall establish and maintain a secure, centralized database to be known as the Treasury Repatriation Verification Database. (b) Contents The Treasury Repatriation Verification Database shall include— (1) identification data for all covered individuals; (2) records of all repatriation transactions and attempted transactions by covered individuals; (3) real-time calculation of repatriation totals; and (4) compliance flags and eligibility indicators accessible to authorized Federal and State agencies. (c) Data sharing The Secretary of the Treasury shall provide appropriate, privacy-compliant access to the Treasury Repatriation Verification Database to— (1) Federal benefit-administering agencies; (2) State agencies administering federally funded aid; and (3) financial and remittance institutions subject to section 4. (d) Privacy and security All data collection and sharing must comply with applicable Federal privacy laws and cybersecurity standards. The Secretary shall implement encryption, access controls, and audit trails.