I 

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. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘Focus on Protection 

5 Act’’. 

6 SEC. 2. FINDINGS. 

7 Congress finds the following: 


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1 (1) The investigative mission related to pay2 ment and financial systems is critical for maintain3 ing the integrity of the Nation’s financial infrastruc4 ture. 

5 (2) The Department of the Treasury possesses 

6 the expertise and resources to effectively oversee and 

7 investigate issues related to payment and financial 

8 systems. 

9 (3) Transferring the investigative mission to the 

10 Department of the Treasury will enhance efficiency 

11 and focus in combating financial crimes. 

12 (4) Transferring the investigative mission will 

13 allow the United States Secret Service to focus on 

14 its core mission of protecting the President, Vice 

15 President, their families, visiting heads of state, and 

16 Presidential candidates, thereby enhancing national 

17 security. 

18 SEC. 3. TRANSFER OF FUNCTIONS. 

19 (a) TRANSFER OF FUNCTIONS.—The functions of the 

20 United States Secret Service related to the investigation 

21 of payment and financial systems, as described in sub22 section (b), are transferred to the Department of the 

23 Treasury. 

24 (b) SCOPE OF TRANSFERRED FUNCTIONS.—The 

25 transferred functions include each of the following: 


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1 (1) Investigations of counterfeiting of United 

2 States currency and financial instruments. 

3 (2) Investigations of financial fraud, including 

4 credit card fraud, debit card fraud, and other forms 

5 of electronic payment fraud. 

6 (3) Investigations of cybercrimes affecting fi7 nancial systems. 

8 SEC. 4. CONFORMING AMENDMENTS. 

9 (a) TITLE 18, UNITED STATES CODE.—Section 3056 

10 of title 18, United States Code, is amended by repealing 

11 subsection (b). 

12 (b) TITLE 31, UNITED STATES CODE.—Section 

13 321(a) of title 31, United States Code, is amended— 

14 (1) in paragraph (8)(C), by striking ‘‘and’’ at 

15 the end; 

16 (2) in paragraph (9), by striking the period and 

17 inserting ‘‘; and’’; and 

18 (3) by adding at the end the following: 

19 ‘‘(10) investigate payment and financial sys20 tems.’’. 

21 SEC. 5. TRANSITION PROVISIONS. 

22 (a) TRANSFER OF PERSONNEL.—Personnel employed 

23 by the United States Secret Service to perform functions 

24 described in section 3(b) shall be transferred to the De25 partment of the Treasury, with the same status and tenVerDate Sep 11 2014 16:06 Sep 07, 2024 Jkt 049200 PO 00000 Frm 00003 Fmt 6652 Sfmt 6201 E:\BILLS\H9358.IH H9358

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1 ure held on the day before the date of enactment of this 

2 Act. 

3 (b) TRANSFER OF ASSETS AND OBLIGATIONS.—The 

4 assets, contracts, property, and records associated with 

5 the functions transferred by this Act shall be transferred 

6 to the Department of the Treasury. 

7 (c) CONTINUITY OF OPERATIONS.—The Secretary of 

8 the Treasury shall ensure that the transferred functions 

9 continue without interruption during and after the trans10 fer process. 

11 (d) DETERMINATIONS.—The Secretary of the Treas12 ury shall make such determinations as are necessary with 

13 respect to— 

14 (1) which functions related to the investigation 

15 of payment and financial systems are transferred 

16 under this Act, and 

17 (2) the personnel, assets, and obligations associ18 ated with such functions that are transferred under 

19 this Act. 

20 SEC. 6. BUDGET REALLOCATION. 

21 Funds appropriated to the United States Secret Serv22 ice for the purposes of the functions transferred by this 

23 Act shall be transferred to the Department of the Treas24 ury. 


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1 SEC. 7. EFFECTIVE DATE. 

2 This Act shall take effect 180 days after the date of 

3 enactment of this Act. 

Æ 


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