Bill · S. 1273· Senate(119-S-1273)
Combatting Money Laundering in Cyber Crime Act of 2025
- Introduced
- 4/3/2025
- Last activity
- 4/3/2025 — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Sponsored by
- Catherine Cortez Masto
- Cosponsors
- - 0 - 1
- Introduced
- In Committee
What this bill would do
This bill, known as the ``Combatting Money Laundering in Cyber Crime Act of 2025'', aims to strengthen the United States Secret Service. It focuses on increasing authority to investigate crimes involving digital asset transactions and transnational cyber criminal activity. The legislation targets unlicensed money transmitting businesses, structured transactions, and fraud against financial institutions. It also modifies existing laws regarding FinCEN exchanges and international financial institutions. Finally, it mandates a study by the Government Accountability Office to evaluate law enforcement's ability to deter money laundering in cyber crimes.
Yes· 3 of 6
Does this better protect the country from computer attacks?+5
The bill enhances the Secret Service's ability to combat transnational cybercrime and digital asset fraud.
Does this give the federal government more power?+3
The bill expands the investigative authority of a federal agency, the United States Secret Service.
Does this give the government more power to monitor people inside the country?+2
The expansion of investigative authority may increase domestic surveillance capabilities related to digital transactions.
The opposite
Does this protect people from being watched or searched?-1
Expanded investigative powers may potentially reduce individual privacy regarding financial transactions.
Who it would affect, and how
Potential Positive Impacts for People
-
Increased Investigative Authority: The bill expands the United States Secret Service's authority to investigate crimes related to money laundering and structured transactions (Section 2). This is intended to help counter transnational cyber criminal activity and fraud against financial institutions.
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Enhanced Law Enforcement Evaluation: The Government Accountability Office is required to conduct a study to evaluate how well law enforcement can identify and deter money laundering in cyber crimes (Section 5). This provides a mechanism to assess the effectiveness of these efforts.
Potential Negative Impacts for People
- No specific negative impacts or burdens are explicitly mentioned in the provided text.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- National Security And Foreign Policy
- Improves Cybersecurity Defense+5Increases Domestic Surveillance+2
- Governance And Ideology
- Increases Federal Power+3Improves Government Transparency+2Improves Privacy Rights-1
- Economy And Finance
- Improves Consumer Protection+2
- Education And Technology
- Improves Data Privacy+1
- 4/3/2025
- Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- 1 Cosponsor added.
- Introduced in Senate
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Chuck GrassleyRepublican · Iowa