Bills · S 1273
IN COMMITTEE· 119TH CONGRESS
Senate BillS 1273Fraud offenses and financial crimesLaw enforcement administration and funding
Combatting Money Laundering in Cyber Crime Act of 2025
INTRO APR 3· LAST ACTION APR 3
READING
2MIN
COSPONSORS
1
READER REACTIONS0 TOTAL
NO VOTES YET · BE THE FIRST
- Introduced only
LEGISLATIVE PROGRESS
STEP 2 / 8Introduced
In Committee
Reported
Passed Senate
Passed House
Conference
To President
Became Law
WHAT THE BILL DOES
AI-writtenVoters should care about this bill because it aims to strengthen the government's ability to fight financial crime in the digital age. With more transactions happening online and with digital currencies, criminals are finding new ways to hide illicit money. If this bill becomes law, the Secret Service will have broader authority to investigate these evolving crimes, which could lead to more arrests and disruptions of criminal networks.
Without this bill, law enforcement might be less equipped to keep pace with sophisticated cyber criminals who exploit gaps in current laws. Extending programs like FinCEN Exchange means that banks and law enforcement can continue to work closely together, sharing vital information to prevent crimes like fraud and money laundering, which can ultimately protect consumers and maintain trust in the financial system.
KEY PROVISIONS
4AI-extractedPROVISION 01
Expands the types of financial crimes the U.S. Secret Service can investigate, including unlicensed money transmitting, money laundering, and structured transactions, and broadens the scope to all financial institutions (not just federally insured ones).
This gives the Secret Service more tools to pursue criminals involved in digital financial crimes and ensures a wider range of financial institutions are covered.
PROVISION 02
Extends the authorization for the FinCEN Exchange program from 5 years to 10 years.
This allows a critical program for information sharing between banks and law enforcement to continue its efforts against financial crime for a longer period.
PROVISION 03
Changes a reporting timeframe related to international financial institutions and sanctions from 6 to 10 under the Otto Warmbier North Korea Nuclear Sanctions and Enforcement Act of 2019.
This adjusts the frequency or duration of oversight related to international financial activities connected to sanctions enforcement.
PROVISION 04
Requires the Government Accountability Office (GAO) to conduct a study and submit a report within one year on law enforcement's ability to identify and deter money laundering in cybercrimes.
This will provide Congress with an assessment of current strategies and identify areas for improvement in fighting cyber-related financial crime.
SPONSORSHIP
1 + 1
D· Nevada
YRS IN OFFICE
9
BILLS LED
122
COSPONSOR BREAKDOWNBIPARTISAN · 0%
DEM 0 REP 1 IND 0
ACTION TIMELINE
2 EVENTSAPR 3
Introduced in Senate
APR 3
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
BILL INFO
TypeSenate Bill
NumberS 1273
Congress119th
StatusIn Committee
IntroducedApr 3, 2025
Last actionApr 3, 2025
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IN COMMITTEE· 119TH CONGRESS · BANKING, HOUSING, AND URBAN AFFAIRS COMMITTEE · INTRODUCED APR 3, 2025
Senate BillS 1273Fraud offenses and financial crimesLaw enforcement administration and funding
Combatting Money Laundering in Cyber Crime Act of 2025
INTRODUCED APR 3, 2025· LAST ACTION APR 3, 2025
PASSAGE CHANCES
—%
READING
2 min
COSPONSORS
1
COMPLEXITY
Moderate
