Secret Service would get more power to investigate online financial crimes.
This bill would give the Secret Service more power to investigate online financial crimes, like money laundering and fraud, especially those using digital assets. It would also make programs that track financial crimes and enforce international sanctions last longer. This aims to make it harder for criminals to hide illegal money.
Today, the Secret Service has more limited power to investigate certain financial crimes. This especially applies to those involving unlicensed money transmitting businesses, money laundering, structured transactions, and fraud against only federally insured financial institutions. After this bill, the Secret Service would have expanded authority to investigate these crimes. This includes those involving digital assets, and fraud against a broader definition of financial institutions. Also, the FinCEN Exchange program and a North Korea sanctions provision currently have shorter durations (5 and 6 years respectively). Both would be extended to 10 years.
HR 5877 · 119th Congress · October 31, 2025 · AI Summary by gemini-2.5-flash · 10/10
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2 filings mentioned this bill
Amounts reflect total quarterly lobbying spend reported to the Senate, not bill-specific spending. Source: Senate LDA filings.