1. Short title This Act may be cited as the Criminal Organizations’ Narcotics, Finances, Resources, Operations, and Networks Targeting Act or the CONFRONT Act . 2. National strategy (a) In general The President, acting through the Secretary of the Treasury, shall, in consultation with the Attorney General, the Secretary of State, the Secretary of Homeland Security, the Director of National Intelligence, the Secretary of Defense, the Director of the Financial Crimes Enforcement Network, the Director of the United States Secret Service, the Director of the Federal Bureau of Investigation, the Administrator of the Drug Enforcement Administration, the Commissioner of Customs and Border Protection, the Director of the Office of National Drug Control Policy, and the Federal functional regulators, develop a national strategy to combat the financial networks of transnational organized criminals. (b) Transmittal to Congress (1) In general Not later than 1 year after the date of enactment of this Act, the President shall submit to the appropriate congressional committees and make available to the head of each agency described in subsection (a), a comprehensive national strategy in accordance with subsection (a). (2) Updates After the initial submission of the national strategy under paragraph (1), the President shall, not less often than every 2 years, update the national strategy and submit the updated strategy to the appropriate congressional committees. (c) Separate presentation of classified material Any part of the national strategy required to be developed under subsection (a) that involves information that is properly classified under criteria established by the President shall be submitted to the appropriate congressional committees 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. 3. Contents of national strategy The national strategy required under section 2 shall contain the