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HOUSE 147119th CongressReferred to the Committee on Science, Space, and Technology, and in addition to the Committee on Education and Workforce, 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.

Expressing support for designation of the third Friday of every March, as "National FIRST Robotics Day".

Last Action
2/21/2025

Actions

  • 2025-01-03Referred to the House Committee on Financial Services.
  • 2025-01-03Introduced in House
  • 2025-01-03Introduced in House

CRS Summary

As of 2025-01-03 (00)

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. 

Subjects

  • Congressional oversight
  • Congressional-executive branch relations
  • Fraud offenses and financial crimes
  • Government ethics and transparency, public corruption
  • Government information and archives
  • Government studies and investigations
Read on Congress.gov

Sourced from Congress.gov (public domain).

This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.