Bill would expand Secret Service power over crypto crime cases
Placed on the calendarH.R. 5877Latest action
Sponsor: Scott Fitzgerald · Representative · WI
AIDecoded by AI · checked against the recordRead the official text
Official title: Combatting Money Laundering in Cyber Crime Act of 2025
119th Congress
Topics: Crime & justice
Introduced:
Read the official bill on Congress.govIn plain words
The plain-language version comes first. The official text is always the reference.
The bill expands Secret Service authority over crypto crime and extends two anti-money-laundering programs.
40-second read · 4 questions answered below
What does this do?
The bill lets Secret Service agents investigate unlicensed money transmitting businesses, money laundering, and structured transactions used to evade bank reporting rules. It also broadens fraud investigation authority beyond only "federally insured" institutions, extends FinCEN Exchange from 5 to 10 years, extends a North Korea sanctions monitoring program from 6 to 10 years, and orders a study on a 2020 anti-money laundering law's effectiveness against cybercrime.
Who does it affect?
This affects the Secret Service, financial institutions, and cryptocurrency and money transmitting businesses, plus agencies handling financial crime enforcement and sanctions monitoring.
Why does it matter?
Broadening investigative authority and extending these programs could change how financial crime and sanctions violations are detected and pursued. Everyday consumers face no new obligations but may see indirect effects on fraud protections.
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Where does it stand?
- IntroducedOct 31, 2025
- House committee
- House voteYou are here · Apr 15, 2026
- Senate
- The president's desk
Right now: it was placed on the , and the official record shows no floor action on it since. If the Senate changes it, it goes back to the House before reaching the president.
Latest action: — Placed on the Union Calendar, Calendar No. 530.