Bills · HR 5877
REPORTED· 119TH CONGRESS
House BillHR 5877Fraud offenses and financial crimesLaw enforcement administration and funding
Combatting Money Laundering in Cyber Crime Act of 2025
INTRO OCT 31· LAST ACTION APR 15
READING
3MIN
COSPONSORS
3BIPARTISAN
READER REACTIONS0 TOTAL
NO VOTES YET · BE THE FIRST
- Reported, not passed
LEGISLATIVE PROGRESS
STEP 3 / 8Introduced
In Committee
Reported
Passed House
Passed Senate
Conference
To President
Became Law
WHAT THE BILL DOES
AI-writtenThis bill matters because it tries to give law enforcement more tools to fight rapidly evolving cybercrime and financial fraud, which cost Americans billions each year. As criminals increasingly use digital assets and complex online methods to hide their money, current laws might not fully equip agencies like the Secret Service to keep up.
If this bill becomes law, it could lead to more investigations and prosecutions of cybercriminals, potentially making it harder for them to move and hide illicit funds. This could help protect everyday people and businesses from scams and financial exploitation. If it doesn't pass, the Secret Service's powers would remain as they are, potentially leaving gaps in their ability to combat new forms of financial cybercrime.
KEY PROVISIONS
4AI-extractedPROVISION 01
Expands the investigative authority of the United States Secret Service to include unlicensed money transmitting businesses and certain money laundering and structured transaction offenses.
This allows the Secret Service to pursue a broader range of financial crimes, especially those involving digital assets and cyber activity.
PROVISION 02
Removes the requirement that a financial institution be 'federally insured' for the Secret Service to investigate fraud against it, expanding their reach to all financial institutions.
This ensures the Secret Service can investigate fraud at any financial institution, regardless of its insurance status, closing a potential loophole.
PROVISION 03
Extends the timeframe for a part of the FinCEN Exchange program from 5 to 10 years.
This prolongs a key program designed to foster collaboration between government and financial institutions in combating illicit finance.
PROVISION 04
Requires the Government Accountability Office (GAO) to conduct a study and report to Congress within one year on law enforcement's ability to identify and deter money laundering in cyber crimes.
This provides a critical evaluation of current strategies and identifies areas for improvement in fighting cyber-related financial crime.
SPONSORSHIP
1 + 3
R· Wisconsin
YRS IN OFFICE
5
BILLS LED
32
COSPONSOR BREAKDOWNBIPARTISAN · 66%
DEM 2 REP 1 IND 0
ACTION TIMELINE
11 EVENTSAPR 15
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-612, Part I.
APR 15
Committee on the Judiciary discharged.
APR 15
Placed on the Union Calendar, Calendar No. 530.
JAN 22
Committee Consideration and Mark-up Session Held
BILL INFO
TypeHouse Bill
NumberHR 5877
Congress119th
StatusReported
IntroducedOct 31, 2025
Last actionApr 15, 2026
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REPORTED· 119TH CONGRESS · JUDICIARY COMMITTEE · INTRODUCED OCT 31, 2025
House BillHR 5877Fraud offenses and financial crimesLaw enforcement administration and funding
Combatting Money Laundering in Cyber Crime Act of 2025
INTRODUCED OCT 31, 2025· LAST ACTION APR 15, 2026
PASSAGE CHANCES
—%
READING
3 min
COSPONSORS
3
COMPLEXITY
Moderate
