CONGRESS FOR VOTERS

RepublicanBill · H.R. 3066· House(119-HR-3066)

FINS Act

Rep. Harrigan
Age: 39 years
North Carolina
Introduced
4/29/2025
Last activity
4/29/2025 — Referred to the House Committee on Financial Services.
Sponsored by
Pat Harrigan
Cosponsors
None
Finance and Financial Sector
  1. Introduced
  2. In Committee

What this bill would do

The Financial Integrity for National Security Act, or FINS Act, aims to increase financial oversight of commercial wire transfer companies. The bill seeks to prevent criminal organizations, such as cartels and terrorist groups, from using these services for human trafficking, drugs, and terrorism. It intends to bring these non-bank institutions in line with anti-money laundering laws and the Bank Secrecy Act. To achieve this, the bill expands the definition of a wire transfer service provider in the United States code. The Secretary of the Treasury will be responsible for issuing new rules to implement these changes.

Yes· 3 of 4

  • Does this give the federal government more power?+4

    The bill expands the authority of the Secretary of the Treasury to issue new regulations for wire transfer service providers.

  • Does this give people more protection from unfair business practices?+3

    The bill aims to curb criminal activities like human trafficking and drug trades facilitated by wire transfer services.

  • Does this tighten control of the border?+2

    The bill targets the financial channels used by cartels and criminal organizations to fund illegal activities.

The opposite

  • Would business owners be better off under this?-2

    The bill likely increases the regulatory and compliance costs for businesses that operate as wire transfer service providers.