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LEGISLATION/H.R. 5877

Combatting Money Laundering in Cyber Crime Act of 2025

119-HR-5877119th CongressIntroduced Oct 31, 2025Crime and Law Enforcement
Market Probability
No market
Status
Introduced
Committee
Floor Vote
Other Chamber
Signed
Placed on the Union Calendar, Calendar No. 530.

Sponsor

Rep. Fitzgerald, Scott [R-WI-5](R-WI-5)
3 cosponsors

Summary

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.

Subjects

Computers and information technologyCongressional oversightCriminal investigation, prosecution, interrogationFraud offenses and financial crimesGovernment studies and investigationsLaw enforcement administration and funding

Actions (11)

Placed on the Union Calendar, Calendar No. 530.
Apr 15, 2026House floor actions
Committee on the Judiciary discharged.
Apr 15, 2026House floor actions
Committee on the Judiciary discharged.
Apr 15, 2026Library of Congress
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-612, Part I.
Apr 15, 2026House floor actions
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-612, Part I.
Apr 15, 2026Library of Congress
Ordered to be Reported (Amended) by the Yeas and Nays: 54 - 0.
Jan 22, 2026House committee actions
Committee Consideration and Mark-up Session Held
Jan 22, 2026House committee actions
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.
Oct 31, 2025House floor actions
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.
Oct 31, 2025House floor actions
Introduced in House
Oct 31, 2025Library of Congress
Introduced in House
Oct 31, 2025Library of Congress
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