FinCEN Oversight and Accountability Act of 2025

Sponsored byRep. Davidson, Warren [R-OH-8]OH· Introduced 3 janvier 2025

Open on Congress.gov

Cosponsors

Actions

Amendments

Committees

—

Since introduced

Introduced

Committee

Passed Chamber

Passed Both

Enacted

Step 1 of 0

Latest action

Referred to the House Committee on Financial Services.

3 janvier 2025·1 year ago

Summary

Introduced in House · Updated 11 février 2025

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.

Timeline

3 actions

Referred to the House Committee on Financial Services.
3 janvier 2025 · IntroReferral
Introduced in House
3 janvier 2025 · IntroReferral
Introduced in House
3 janvier 2025 · IntroReferral

Sponsorship

0 cosponsors

Sponsor

Rep. Davidson, Warren [R-OH-8]OH

Classification

Policy area

Finance and Financial Sector

Legislative subjects

Congressional oversightCongressional-executive branch relationsFraud offenses and financial crimesGovernment ethics and transparency, public corruptionGovernment information and archivesGovernment studies and investigations

Track FinCEN Oversight and Accountability Act of 2025 as it moves through Congress