119th Congress Finance and Financial Sector
H.R. 147: FinCEN Oversight and Accountability Act of 2025
Introduced
- Introduced (completed)
- Passed House (not reached)
- Passed Senate (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
This bill requires the Department of the Treasury to keep specified congressional committees informed of the activity of the Financial Crimes Enforcement Network (FinCEN), particularly regarding unlawful activity and any resulting corrective action.
Further, Treasury must disclose to Congress and to the public (with some exclusions) all controlling documents delegating authority to or providing direction to FinCEN. Such disclosure includes any controlling documents in force upon enactment, any controlling documents issued thereafter, and any changes to controlling documents.
The bill extends for an additional five years the time period during which Treasury must testify before Congress regarding FinCEN’s anti-money laundering programs.
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FinCEN must also hold an annual small business working group to provide guidance on beneficial ownership reporting obligations.
Written by the Congressional Research Service, Library of Congress.
Roll calls
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Amendments
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Other bills by Warren Davidson
History
- Introduced in the House by Warren Davidson.
Show the full action history (2 actions)
- Introduced in House
- Referred to the House Committee on Financial Services.