From The New York Times:

The United States, the world leader in international adoptions, will join more than 70 nations committed to standardizing policies, procedures and safeguards to reduce corruption in the largely unregulated adoption marketplace.

When the United States ratifies the Hague Convention on Intercountry Adoption tomorrow in the Netherlands, it will establish federal oversight of adoption policies and policies overseas.

The multilateral treaty is designed to protect children, birth parents and adoptive parents from shady practices, including hidden fees and child abduction.

The illicit market in international adoptions is a $1.3 Billion industry.