Combating Organized Retail Crime Act of 2023

S.140 updates federal theft laws to specifically address organized retail crime by raising the monetary threshold for prosecution to $5,000 in stolen goods over 12 months and expanding definitions to include coordinated theft operations. It creates a new Homeland Security Coordination Center within 90 days to unify federal, state, local, and tribal law enforcement efforts with retailers. The center will share threat intelligence, track crime trends, and produce annual public reports on organized retail crime patterns. These changes directly affect retailers facing financial losses, law enforcement agencies, and criminal organizations profiting from theft.