Requires more detailed reports on global efforts to stop drug money laundering and consistent bank exams.
This bill would make government reports on how countries fight drug money laundering more detailed. It would require specific examples of improvements from these countries. The bill would also push for more consistent checks on banks to prevent financial crimes. This aims to help the U.S. and other nations better track and stop illegal money.
Today, U.S. government reports on international drug money laundering do not always include specific examples of improvements made by countries or a separate section for these issues. Also, there is no formal requirement for the Secretary of the Treasury to work with federal banking agencies to ensure Bank Secrecy Act exams are consistent. If this bill becomes law, the President would need to include specific examples of countries' improvements in fighting drug money laundering and create a separate report volume for these issues. The Secretary of the Treasury would also need to consult with banking agencies to make Bank Secrecy Act exams more consistent and report back to Congress on these efforts within 180 days.
HR 6829 · 119th Congress · December 17, 2025 · AI Summary by gemini-2.5-flash · 10/10
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4 filings mentioned this bill
Amounts reflect total quarterly lobbying spend reported to the Senate, not bill-specific spending. Source: Senate LDA filings.