H.R. 1577

119th Congress

Reported

Stop Fentanyl Money Laundering Act of 2025

Sponsored byRepublican:Rep. Ogles, Andrew [R-TN-5]TN· Introduced 25 February 2025
Open on Congress.gov

9

Cosponsors

8

Actions

0

Amendments

0

Committees

—

Since introduced

Introduced
Committee
Passed Chamber
Passed Both
Enacted
Step 1 of 0
Latest action

Placed on the Union Calendar, Calendar No. 12.

21 March 2025·1 year ago

Summary

Introduced in House · Updated 10 June 2025

Stop Fentanyl Money Laundering Act of 2025

This bill expands efforts to prevent money laundering related to international fentanyl and narcotics distribution.

The bill allows the Department of the Treasury to impose restrictions on an entity or activity determined to be of primary money-laundering concern in connection with illicit fentanyl and narcotics trafficking. Specifically, if Treasury determines that a foreign financial institution, class of transaction, or type of account is of such concern, Treasury may require domestic financial institutions and agencies to take special measures, such as reporting certain financial transactions involving that entity or activity.

The Financial Crimes Enforcement Network (FinCEN) must issue advisories to financial institutions about how to identify Chinese money laundering that facilitates the trafficking of fentanyl and other synthetic opioids. FinCEN must also issue guidance to financial institutions for filing suspicious transaction reports related to suspected narcotics trafficking by transnational criminal organizations.

Timeline

8 actions

  1. Reported (Amended) by the Committee on Financial Services. H. Rept. 119-22.

    21 March 2025 · Committee

  2. Reported (Amended) by the Committee on Financial Services. H. Rept. 119-22.

    21 March 2025 · Committee

  3. Placed on the Union Calendar, Calendar No. 12.

    21 March 2025 · Calendars

  4. Ordered to be Reported (Amended) by the Yeas and Nays: 49 - 0.

    5 March 2025 · Committee

  5. Committee Consideration and Mark-up Session Held

    5 March 2025 · Committee

  6. Referred to the House Committee on Financial Services.

    25 February 2025 · IntroReferral

  7. Introduced in House

    25 February 2025 · IntroReferral

  8. Introduced in House

    25 February 2025 · IntroReferral

Sponsorship

9 cosponsors

Sponsor

Republican:Rep. Ogles, Andrew [R-TN-5]TN

Cosponsors

  • Democrat111%
  • Republican889%

Classification

Policy area

Finance and Financial Sector

Legislative subjects

AsiaChinaCivil actions and liabilityCongressional oversightCurrencyDrug trafficking and controlled substancesFraud offenses and financial crimesGovernment studies and investigationsInternational monetary system and foreign exchangeLatin AmericaMexicoOrganized crime

Committees

Reports

Cosponsor momentum

Cumulative over time

Cosponsors grew from 6 on 25 February 2025 to 9 on 10 March 2025.

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