H.R. 5877 Reported by committee Crime and Law Enforcement

Combatting Money Laundering in Cyber Crime Act of 2025

To strengthen the authority of the United States Secret Service to investigate various crimes related to digital asset transactions and to counter transnational cyber criminal activity, including unlicensed money transmitting businesses, structured transactions, and fraud against financial institutions, and for other purposes.

  1. Introduced
  2. Committee
  3. Passed House
  4. Passed Senate
  5. To President
  6. Became law
Sponsor Rep. Fitzgerald, Scott [R-WI-5] Introduced October 31, 2025 Cosponsors 3 (1 R, 2 D) Latest action April 15, 2026

Summary

Combatting Money Laundering in Cyber Crime Act of 2025
This bill expands the investigative authority of the U.S. Secret Service, extends reporting requirements related to public-private information sharing, and requires the Government Accountability Office (GAO) to evaluate existing requirements to combat money laundering and related crimes.
Specifically, the bill authorizes the Secret Service to investigate money laundering and structured transactions (i.e., structuring currency transactions to evade currency reporting requirements).
Additionally, the bill extends the requirement for the Financial Crimes Enforcement Network (FinCEN) to report on the efforts of the FinCEN Exchange. The FinCEN Exchange is a voluntary public-private information sharing partnership among law enforcement agencies, national security agencies, financial institutions, and FinCEN to combat money laundering and related crimes, including the financing of terrorism.
The bill also extends the requirement for the U.S. executive director at the International Monetary Fund to support the increased use of the fund's administrative budget to help members prevent money laundering and the financing of terrorism. The requirement expires on December 20, 2025.
Finally, the bill directs the GAO to report on implementation of provisions of the Anti-Money Laundering Act of 2020 that expanded information sharing with tribal authorities and expanded reporting requirements related to money laundering and terrorist financing. The GAO must focus on evaluating the ability of law enforcement to identify and deter money laundering in cybercrimes.

Summary by the Congressional Research Service, Library of Congress.

Congress.gov

Actions

  1. Apr 15, 2026 Placed on the Union Calendar, Calendar No. 530.
  2. Apr 15, 2026 Committee on the Judiciary discharged.
  3. Apr 15, 2026 Reported (Amended) by the Committee on Financial Services. H. Rept. 119-612, Part I.
  4. Jan 22, 2026 Ordered to be Reported (Amended) by the Yeas and Nays: 54 - 0.
  5. Jan 22, 2026 Committee Consideration and Mark-up Session Held
  6. Oct 31, 2025 Referred to the Committee on Financial Services, and in addition to the Committee on the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
  7. Oct 31, 2025 Introduced in House

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