FinCEN Oversight and Accountability Act of 2025 has not moved since its introduction on Jan 3, 2025, with no cosponsors
Written by the Congressional Research Service [2]. 126 words.
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.
- Committees
- House Financial Services Committee
- Policy area
- Finance and Financial Sector: 53 of 3,256 bills became law, 113th–118th (1.6%)
- Sponsor
- 0 of 126 bills enacted since 2013
- Text versions
- 1: introduced in house · 644 words
- Subjects
- Congressional oversightCongressional-executive branch relationsFraud offenses and financial crimesGovernment ethics and transparency, public corruptionGovernment information and archivesGovernment studies and investigations
- Latest action
- Jan 3, 2025: Referred to the House Committee on Financial Services.
- Records
- Congress.gov · Bill text
The bill status record lists no related bills.