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HR 5877119th CongressIn Committee
Combatting Money Laundering in Cyber Crime Act of 2025
Introduced: Oct 31, 2025
Sponsor: Rep. Fitzgerald, Scott [R-WI-5] (R-Wisconsin)
Civil Rights & JusticeFinancial ServicesTechnology & Innovation
Standard Summary
Comprehensive overview in 1-2 paragraphs
This bill expands the U.S. Secret Service's investigative powers to address digital asset crimes, extends financial crime reporting periods, and enhances international collaboration to counter cyber-enabled money laundering and transnational criminal networks.
Key Points
- 1Amends 18 U.S.C. 3056 to include money laundering, structured transactions, and fraud in Secret Service's jurisdiction
- 2Increases statute of limitations for financial crimes from 5 to 10 years under FINCEN exchange provisions
- 3Strengthens international financial institution cooperation through extended enforcement timelines and reporting requirements
Impact Areas
Law enforcement agencies combating cybercrimeFinancial institutions and digital asset platformsInternational regulatory bodies and cross-border investigations
Generated by legislative-analyzer-v3 on Nov 5, 2025