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Combatting Money Laundering in Cyber Crime Act of 2025

USA119th CongressS-1273| Senate 
| Updated: 4/3/2025
Catherine Cortez Masto

Catherine Cortez Masto

Democratic Senator

Nevada

Cosponsors (1)
Chuck Grassley (Republican)

Banking, Housing, and Urban Affairs Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
The "Combatting Money Laundering in Cyber Crime Act of 2025" significantly expands the investigative authority of the United States Secret Service to combat financial crimes. It grants the Secret Service jurisdiction over unlicensed money transmitting businesses , money laundering , and structured transactions , particularly those involving digital assets and targeting all financial institutions, not just federally insured ones. The bill also extends the duration of the FinCEN Exchange program from 5 to 10 years, enhancing information sharing between law enforcement and financial institutions. Furthermore, it extends a related provision concerning international financial institutions under the North Korea Nuclear Sanctions and Enforcement Act. To assess effectiveness, the legislation mandates a Government Accountability Office (GAO) study within one year to evaluate law enforcement's ability to identify and deter money laundering in cybercrimes.
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Timeline

Bill from Previous Congress

S 118-4830
Combatting Money Laundering in Cyber Crime Act of 2024
Apr 3, 2025
Introduced in Senate
Apr 3, 2025
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Jan 22, 2026

Latest Companion Bill Action

HR 119-5877
Ordered to be Reported (Amended) by the Yeas and Nays: 54 - 0.
  • Bill from Previous Congress

    S 118-4830
    Combatting Money Laundering in Cyber Crime Act of 2024


  • April 3, 2025
    Introduced in Senate


  • April 3, 2025
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.


  • January 22, 2026

    Latest Companion Bill Action

    HR 119-5877
    Ordered to be Reported (Amended) by the Yeas and Nays: 54 - 0.

Crime and Law Enforcement

Related Bills

  • HR 119-5877: Combatting Money Laundering in Cyber Crime Act of 2025

Combatting Money Laundering in Cyber Crime Act of 2025

USA119th CongressS-1273| Senate 
| Updated: 4/3/2025
The "Combatting Money Laundering in Cyber Crime Act of 2025" significantly expands the investigative authority of the United States Secret Service to combat financial crimes. It grants the Secret Service jurisdiction over unlicensed money transmitting businesses , money laundering , and structured transactions , particularly those involving digital assets and targeting all financial institutions, not just federally insured ones. The bill also extends the duration of the FinCEN Exchange program from 5 to 10 years, enhancing information sharing between law enforcement and financial institutions. Furthermore, it extends a related provision concerning international financial institutions under the North Korea Nuclear Sanctions and Enforcement Act. To assess effectiveness, the legislation mandates a Government Accountability Office (GAO) study within one year to evaluate law enforcement's ability to identify and deter money laundering in cybercrimes.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

S 118-4830
Combatting Money Laundering in Cyber Crime Act of 2024
Apr 3, 2025
Introduced in Senate
Apr 3, 2025
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Jan 22, 2026

Latest Companion Bill Action

HR 119-5877
Ordered to be Reported (Amended) by the Yeas and Nays: 54 - 0.
  • Bill from Previous Congress

    S 118-4830
    Combatting Money Laundering in Cyber Crime Act of 2024


  • April 3, 2025
    Introduced in Senate


  • April 3, 2025
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.


  • January 22, 2026

    Latest Companion Bill Action

    HR 119-5877
    Ordered to be Reported (Amended) by the Yeas and Nays: 54 - 0.
Catherine Cortez Masto

Catherine Cortez Masto

Democratic Senator

Nevada

Cosponsors (1)
Chuck Grassley (Republican)

Banking, Housing, and Urban Affairs Committee

Crime and Law Enforcement

Related Bills

  • HR 119-5877: Combatting Money Laundering in Cyber Crime Act of 2025
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted