HR 147 · 119th CongressIn Committeecongress.gov ↗

FinCEN Oversight and Accountability Act of 2025

What this bill does

AI plain-language summary

This bill requires the Treasury Department to regularly report to Congress about the Financial Crimes Enforcement Network's activities, especially when there are problems that need fixing. The Treasury must also share with Congress and the public the documents that give FinCEN its authority and direction. The bill extends for five more years the requirement for Treasury officials to testify to Congress about FinCEN's anti-money laundering programs. FinCEN must also hold yearly meetings with small businesses to help them understand rules about reporting who owns their companies.

Introduced

January 3, 2025

Policy Area

Finance and Financial Sector

Your Vote

Discussion (0)

Explain what is at stake in this bill.

Sign in to join the discussion.

No comments yet. Be the first.