119th Congress Crime and Law Enforcement
H.R. 5877: Combatting Money Laundering in Cyber Crime Act of 2025
Reported
- Introduced (completed)
- Passed House (not reached)
- Passed Senate (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
This bill expands the investigative authority of the U.S. Secret Service, extends reporting requirements related to public-private information sharing, and requires the Government Accountability Office (GAO) to evaluate existing requirements to combat money laundering and related crimes.
Specifically, the bill authorizes the Secret Service to investigate money laundering and structured transactions (i.e., structuring currency transactions to evade currency reporting requirements).
Additionally, the bill extends the requirement for the Financial Crimes Enforcement Network (FinCEN) to report on the efforts of the FinCEN Exchange. The FinCEN Exchange is a voluntary public-private information sharing partnership among law enforcement agencies, national security agencies, financial institutions, and FinCEN to combat money laundering and related crimes, including the financing of terrorism.
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The bill also extends the requirement for the U.S. executive director at the International Monetary Fund to support the increased use of the fund's administrative budget to help members prevent money laundering and the financing of terrorism. The requirement expires on December 20, 2025.
Finally, the bill directs the GAO to report on implementation of provisions of the Anti-Money Laundering Act of 2020 that expanded information sharing with tribal authorities and expanded reporting requirements related to money laundering and terrorist financing. The GAO must focus on evaluating the ability of law enforcement to identify and deter money laundering in cybercrimes.
Written by the Congressional Research Service, Library of Congress.
Roll calls
No roll call votes have been held on this bill.
Amendments
No amendments were offered to this bill.
Cosponsors
- Zachary (Zach) Nunn R-IAOriginal
- Brittany Pettersen D-COOriginal
- Brad Sherman D-CAOriginal
Who scored on this bill
- 1Scott Fitzgerald SponsorDrew cross-party cosponsors, introduced, marked up, reported, discharged5 events+62
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Introductions and cosponsorships count toward weekly caps and show no points.
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History
- Introduced in the House by Scott Fitzgerald.
Show the full action history (7 actions)
- Reported (Amended) by the Committee on Financial Services. H. Rept. 119-612, Part I.
- Committee on the Judiciary discharged.
- Placed on the Union Calendar, Calendar No. 530.
- Committee Consideration and Mark-up Session Held
- Ordered to be Reported (Amended) by the Yeas and Nays: 54 - 0.
- Introduced in House
- Referred to the Committee on Financial Services, and in addition to the Committee on the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.