HR 147 · FinCEN Oversight and Accountability Act of 2025
Referred to the House Committee on Financial Services.
- Introduced
- Jan 3, 2025
- Latest action
- Jan 3, 2025
- Sponsor
- Rep. Warren Davidson [R-OH-8]
- Policy area
- Finance and Financial Sector
- Cosponsors
- 0
Summary
FinCEN Oversight and Accountability Act of 2025 This bill requires the Department of the Treasury to keep specified congressional committees informed of the activity of the Financial Crimes Enforcement Network (FinCEN), particularly regarding unlawful activity and any resulting corrective action. Further, Treasury must disclose to Congress and to the public (with some exclusions) all controlling documents delegating authority to or providing direction to FinCEN. Such disclosure includes any controlling documents in force upon enactment, any controlling documents issued thereafter, and any changes to controlling documents. The bill extends for an additional five years the time period during which Treasury must testify before Congress regarding FinCEN’s anti-money laundering programs. FinCEN must also hold an annual small business working group to provide guidance on beneficial ownership reporting obligations.
Recent actions
- Jan 3, 2025 Referred to the House Committee on Financial Services.
- Jan 3, 2025 Introduced in House
- Jan 3, 2025 Introduced in House
Votes
No recorded votes are available for this bill.