Combatting Money Laundering in Cyber Crime Act of 2025

Scott Fitzgerald

Republican · WI · Representative

Source: Congress.gov · FEC

• Brad Sherman (D-CA-32)Original· 2025-10-31
• Brittany Pettersen (D-CO-7)Original· 2025-10-31
• Zachary Nunn (R-IA-3)Original· 2025-10-31

Placed on the Union Calendar, Calendar No. 530.

2026-04-15

Source: Congress.gov

Combatting Money Laundering in Cyber Crime Act of 2025 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. 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.

Plain-English rewrite of the Congressional Research Service summary published on Congress.gov. Cached and reviewed.

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 5877 Reported in House (RH)] <DOC> Union Calendar No. 530 119th CONGRESS 2d Session H. R. 5877 [Report No. 119-612, Part I] To strengthen the authority of the United States Secret Service to investigate various crimes related to digital asset transactions and to counter transnational cyber criminal activity, including unlicensed money transmitting businesses, structured transactions, and fraud against financial institutions, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES October 31, 2025 Mr. Fitzgerald (for himself, Ms. Pettersen, Mr. Nunn of Iowa, and Mr. Sherman) introduced the following bill; which was 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 April 15, 2026 Reported from the Committee on Financial Services with an amendment [Strike out all after the enacting clause and insert the part printed in italic] April 15, 2026 Committee on the Judiciary discharged; committed to the Committee of the Whole House on the State of the Union and ordered to be printed [For text of introduced bill, see copy of bill as introduced on October 31, 2025] _______________________________________________________________________ A BILL To strengthen the authority of the United States Secret Service to investigate various crimes related to digital asset transactions and to counter transnational cyber criminal activity, including unlicensed money transmitting businesses, structured transactions, and fraud against financial institutions, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Combatting Money Laundering in Cyber Crime Act of 2025''. SEC. 2. EXPANSION OF UNITED STATES SECRET SERVICE INVESTIGATIVE AUTHORITIES. Section 3056(b) of title 18, United States Code, is amended-- (1) in paragraph (1), by striking ``871, or 879'' and inserting ``871, 879, or 1960''; and (2) in paragraph (3)-- (A) by inserting ``money laundering, structured transactions,'' after ``documents or devices,''; (B) by striking ``federally insured''; and (C) by inserting ``, as defined in section 5312 of title 31'' after ``institution''. SEC. 3. FINCEN EXCHANGE. Section 310(d)(3)(A) of title 31, United States Code, is amended, in the matter preceding clause (i), by striking ``5 years'' and inserting ``10 years''. SEC. 4. INTERNATIONAL FINANCIAL INSTITUTIONS. Section 7125(b) of the Otto Warmbier North Korea Nuclear Sanctions and Enforcement Act of 2019 (22 U.S.C. 262p-13 note) is amended by striking ``6'' and inserting ``10''. SEC. 5. REPORT. (a) In General.--Not later than 1 year after the date of enactment of this Act, the Government Accountability Office shall conduct a study and submit to the Committee on Financial Services of the House of Representatives and the Committee on Banking, Housing, and Urban Affairs of the Senate a report on the implementation of section 6102 of the Anti-Money Laundering Act of 2020 (title LXI of division F of the William M. (Mac) Thornberry National Defense Authorization Act for Fiscal Year 2021 (Public Law 116-283; 134 Stat. 4552)). (b) Focus.--In conducting the study under subsection (a), the Government Accountability Office shall focus on evaluating the ability of law enforcement to identify and deter money laundering in cyber crimes. Union Calendar No. 530 119th CONGRESS 2d Session H. R. 5877 [Report No. 119-612, Part I] _______________________________________________________________________ A BILL To strengthen the authority of the United States Secret Service to investigate various crimes related to digital asset transactions and to counter transnational cyber criminal activity, including unlicensed money transmitting…

businesses, structured transactions, and fraud against financial institutions, and for other purposes. _______________________________________________________________________ April 15, 2026 Reported from the Committee on Financial Services with an amendment April 15, 2026 Committee on the Judiciary discharged; committed to the Committee of the Whole House on the State of the Union and ordered to be printed

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