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[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 9358 Introduced in House (IH)]

<DOC>

118th CONGRESS
  2d Session
                                H. R. 9358

 To transfer the investigative jurisdiction over payment and financial 
systems from the United States Secret Service to the Department of the 
                   Treasury, and for other purposes.

_______________________________________________________________________

                    IN THE HOUSE OF REPRESENTATIVES

                            August 13, 2024

    Mr. Torres of New York introduced the following bill; which was 
  referred to the Committee on the Judiciary, and in addition to the 
 Committees on Financial Services, and Appropriations, for a period to 
      be subsequently determined by the Speaker, in each case for 
consideration of such provisions as fall within the jurisdiction of the 
                          committee concerned

_______________________________________________________________________

                                 A BILL

 
 To transfer the investigative jurisdiction over payment and financial 
systems from the United States Secret Service to the Department of the 
                   Treasury, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Focus on Protection Act''.

SEC. 2. FINDINGS.

    Congress finds the following:
            (1) The investigative mission related to payment and 
        financial systems is critical for maintaining the integrity of 
        the Nation's financial infrastructure.
            (2) The Department of the Treasury possesses the expertise 
        and resources to effectively oversee and investigate issues 
        related to payment and financial systems.
            (3) Transferring the investigative mission to the 
        Department of the Treasury will enhance efficiency and focus in 
        combating financial crimes.
            (4) Transferring the investigative mission will allow the 
        United States Secret Service to focus on its core mission of 
        protecting the President, Vice President, their families, 
        visiting heads of state, and Presidential candidates, thereby 
        enhancing national security.

SEC. 3. TRANSFER OF FUNCTIONS.

    (a) Transfer of Functions.--The functions of the United States 
Secret Service related to the investigation of payment and financial 
systems, as described in subsection (b), are transferred to the 
Department of the Treasury.
    (b) Scope of Transferred Functions.--The transferred functions 
include each of the following:
            (1) Investigations of counterfeiting of United States 
        currency and financial instruments.
            (2) Investigations of financial fraud, including credit 
        card fraud, debit card fraud, and other forms of electronic 
        payment fraud.
            (3) Investigations of cybercrimes affecting financial 
        systems.

SEC. 4. CONFORMING AMENDMENTS.

    (a) Title 18, United States Code.--Section 3056 of title 18, United 
States Code, is amended by repealing subsection (b).
    (b) Title 31, United States Code.--Section 321(a) of title 31, 
United States Code, is amended--
            (1) in paragraph (8)(C), by striking ``and'' at the end;
            (2) in paragraph (9), by striking the period and inserting 
        ``; and''; and
            (3) by adding at the end the following:
            ``(10) investigate payment and financial systems.''.

SEC. 5. TRANSITION PROVISIONS.

    (a) Transfer of Personnel.--Personnel employed by the United States 
Secret Service to perform functions described in section 3(b) shall be 
transferred to the Department of the Treasury, with the same status and 
tenure held on the day before the date of enactment of this Act.
    (b) Transfer of Assets and Obligations.--The assets, contracts, 
property, and records associated with the functions transferred by this 
Act shall be transferred to the Department of the Treasury.
    (c) Continuity of Operations.--The Secretary of the Treasury shall 
ensure that the transferred functions continue without interruption 
during and after the transfer process.
    (d) Determinations.--The Secretary of the Treasury shall make such 
determinations as are necessary with respect to--
            (1) which functions related to the investigation of payment 
        and financial systems are transferred under this Act, and
            (2) the personnel, assets, and obligations associated with 
        such functions that are transferred under this Act.

SEC. 6. BUDGET REALLOCATION.

    Funds appropriated to the United States Secret Service for the 
purposes of the functions transferred by this Act shall be transferred 
to the Department of the Treasury.

SEC. 7. EFFECTIVE DATE.

    This Act shall take effect 180 days after the date of enactment of 
this Act.
                                 <all>
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