Bill · H.R. 1577· House(119-HR-1577)
Stop Fentanyl Money Laundering Act of 2025
- Introduced
- 2/25/2025
- Last activity
- 3/21/2025 — Placed on the Union Calendar, Calendar No. 12.
- Sponsored by
- Andrew Ogles
- Cosponsors
- - 8 - 1
- Introduced
- On Calendar
What this bill would do
The "Stop Fentanyl Money Laundering Act of 2025" gives the Secretary of the Treasury authority to take special measures against foreign entities or transactions linked to fentanyl and narcotics financing. This includes allowing the Secretary to require domestic financial institutions to take specific actions against these threats. The bill directs the Financial Crimes Enforcement Network to issue new advisories regarding professional money laundering related to synthetic opioids. It also requires new guidance for financial institutions to report suspicious transactions involving transnational criminal organizations. Additionally, the Comptroller General must report on lessons learned from previous drug crises to help address the ongoing opioid crisis.
Yes· 3 of 6
Does this do more about addiction and overdose deaths?+6
The bill targets the financial infrastructure of fentanyl trafficking and mandates a report on mitigation strategies for drug crises.
Would households on low incomes be better off under this?+3
The bill attempts to mitigate the societal harms of the opioid crisis which often disproportionately impact lower-income communities.
Would people in cities be better off under this?+3
Reducing the flow of drug financing may help mitigate the negative community impacts seen in urban areas affected by the opioid crisis.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
-
Targeting Drug Financing: The Secretary of the Treasury can require domestic financial institutions to take special measures against foreign entities or transactions deemed to be of primary money laundering concern regarding illicit fentanyl and narcotics financing (Section 2(a)).
-
Improved Identification of Money Laundering: The Financial Crimes Enforcement Network will issue a new advisory to help financial institutions identify professional money laundering used to facilitate the trafficking of fentanyl and other synthetic opioids (Section 3).
-
Better Reporting on Criminal Organizations: The Director of the Financial Crimes Enforcement Network will issue guidance for filing reports on suspicious transactions related to suspected narcotics trafficking by transnational criminal organizations (Section 4(a)).
-
Learning from Past Crises: The Comptroller General will provide a report on how transnational criminal organizations targeted victims during previous drug crises, including the financial and health effects, and what mitigation activities were effective (Section 5).
Potential Negative Impacts for People
- Restrictions on Judicial Review: While the Secretary can submit classified information to a reviewing court ex parte and in camera, the bill states that this does not confer or imply any right to judicial review of findings or requirements made under the section (Section 2(b)).
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Low Income Households+3Good For Urban Residents+3
- Healthcare
- Improves Opioid Crisis Response+6
- Economy And Finance
- Improves Consumer Protection+3
- National Security And Foreign Policy
- Improves International Trade+2
- Social Issues And Justice
- Improves Poverty Reduction+2
- 3/21/2025
- Reported (Amended) by the Committee on Financial Services. H. Rept. 119-22.
- Placed on the Union Calendar, Calendar No. 12.
- 3/10/2025
- 1 Cosponsor added.
- 3/5/2025
- Committee Consideration and Mark-up Session Held
- Ordered to be Reported (Amended) by the Yeas and Nays: 49 - 0.
- 3/3/2025
- 2 Cosponsors added.
- 2/25/2025
- Referred to the House Committee on Financial Services.
- 6 Cosponsors added.
- Introduced in House
Andy BarrRepublican · Kentucky
Monica De La CruzRepublican · Texas
Cleo FieldsDemocrat · Louisiana
Young KimRepublican · California
Michael LawlerRepublican · New York
Daniel MeuserRepublican · Pennsylvania
Tim MooreRepublican · North Carolina
Zachary NunnRepublican · Iowa
Pete SessionsRepublican · Texas