IB 
Union Calendar No. 12 
119TH CONGRESS 
1ST SESSION H. R. 1577 
[Report No. 119–22] 
To provide authority to the Secretary of the Treasury to take special measures 
against certain entities outside of the United States of primary money 
laundering concern in connection with illicit fentanyl and narcotics fi-
nancing, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
FEBRUARY 25, 2025 
Mr. OGLES (for himself, Ms. DE LA CRUZ, Mr. MEUSER, Mr. NUNN of Iowa, 
Mrs. KIM, Mr. SESSIONS, and Mr. FIELDS) introduced the following bill; 
which was referred to the Committee on Financial Services 
MARCH 21, 2025 
Additional sponsors: Mr. MOORE of North Carolina, Mr. BARR, and Mr. 
LAWLER 
MARCH 21, 2025 
Reported with an amendment, committed to the Committee of the Whole 
House on the State of the Union, and ordered to be printed 
[Strike out all after the enacting clause and insert the part printed in italic] 
[For text of introduced bill, see copy of bill as introduced on February 25, 2025] 
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A BILL 
To provide authority to the Secretary of the Treasury to 
take special measures against certain entities outside 
of the United States of primary money laundering con-
cern in connection with illicit fentanyl and narcotics fi-
nancing, and for other purposes. 
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Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Stop Fentanyl Money 
Laundering Act of 2025’’. 
SEC. 2. DETERMINATION WITH RESPECT TO PRIMARY 
MONEY LAUNDERING CONCERN OF ILLICIT 
FENTANYL AND NARCOTICS FINANCING. 
(a) IN GENERAL.—If the Secretary of the Treasury de-
termines that one or more financial institutions operating 
outside of the United States, or one or more classes of trans-
actions within, or involving, a jurisdiction outside of the 
United States, or one or more types of accounts within, or 
involving, a jurisdiction outside of the United States is of 
primary money laundering concern in connection with il-
licit fentanyl and narcotics financing, the Secretary of the 
Treasury may, by order, regulation, or otherwise as per-
mitted by law, require domestic financial institutions and 
domestic financial agencies to take one or more of the spe-
cial measures described in section 5318A(b) of title 31, 
United States Code. 
(b) CLASSIFIED INFORMATION.—In any judicial re-
view of a finding of the existence of a primary money laun-
dering concern, or of the requirement for 1 or more special 
measures with respect to a primary money laundering con-
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cern made under this section, if the designation or imposi-
tion, or both, were based on classified information (as de-
fined in section 1(a) of the Classified Information Proce-
dures Act (18 U.S.C. App.)), such information may be sub-
mitted by the Secretary of the Treasury to the reviewing 
court ex parte and in camera. This subsection does not con-
fer or imply any right to judicial review of any finding 
made or any requirement imposed under this section. 
(c) AVAILABILITY OF INFORMATION.—The exemptions 
from, and prohibitions on, search and disclosure referred 
to in section 9714(c) of the National Defense Authorization 
Act for Fiscal Year 2021 (Public Law 116–283; 31 U.S.C. 
5318A note) shall apply to any report or record of report 
filed pursuant to a requirement imposed under subsection 
(a). For purposes of section 552 of title 5, United States 
Code, this section shall be considered a statute described in 
subsection (b)(3)(B) of that section. 
(d) PENALTIES.—The penalties referred to in section 
9714(d) of the National Defense Authorization Act for Fis-
cal Year 2021 (Public Law 116–283; 31 U.S.C. 5318A note) 
shall apply to violations of any order, regulation, special 
measure, or other requirement imposed under subsection 
(a), in the same manner and to the same extent as described 
in such section 9714(d). 
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(e) INJUNCTIONS.—The Secretary of the Treasury may 
bring a civil action to enjoin a violation of any order, regu-
lation, special measure, or other requirement imposed under 
subsection (a) in the same manner and to the same extent 
as described in section 9714(e) of the National Defense Au-
thorization Act for Fiscal Year 2021 (Public Law 116–283; 
31 U.S.C. 5318A note). 
(f) DEFINITIONS.—In this section, the terms ‘‘domestic 
financial agency’’, ‘‘domestic financial institution’’, ‘‘finan-
cial agency’’, and ‘‘financial institution’’ have the mean-
ings given those terms as used in section 9714 of the Na-
tional Defense Authorization Act for Fiscal Year 2021 (Pub-
lic Law 116–283; 31 U.S.C. 5318A note). 
SEC. 3. TRADE-BASED MONEY LAUNDERING ADVISORY. 
Not later than one year following the date of the enact-
ment of this Act, the Financial Crimes Enforcement Net-
work shall update and issue a new advisory to financial 
institutions on identifying Chinese professional money 
laundering facilitating the trafficking of fentanyl and other 
synthetic opioids. Such advisory shall incorporate the fol-
lowing advisories: 
(1) FIN–2014–A005, entitled ‘‘Update on U.S. 
Currency Restrictions in Mexico: Funnel Accounts 
and TBML’’. 
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(2) FIN–2010–A001, entitled ‘‘Advisory to Fi-
nancial Institutions on Filing Suspicious Activity 
Reports regarding Trade-Based Money Laundering’’. 
(3) FIN–2019–A006, entitled ‘‘Advisory to Fi-
nancial Institutions on Illicit Financial Schemes and 
Methods Related to the Trafficking of Fentanyl and 
Other Synthetic Opioids’’. 
SEC. 4. TREATMENT OF TRANSNATIONAL CRIMINAL ORGA-
NIZATIONS IN SUSPICIOUS TRANSACTIONS. 
(a) FILING INSTRUCTIONS.—Not later than 180 days 
after the date of the enactment of this Act, the Director of 
the Financial Crimes Enforcement Network shall issue 
guidance or instructions to United States financial institu-
tions for filing reports on suspicious transactions required 
by section 5318(g) of title 31, United States Code, related 
to suspected narcotics trafficking by transnational criminal 
organizations. 
(b) PRIORITIZATION OF REPORTS RELATING TO NAR-
COTICS TRAFFICKING OR TRANSNATIONAL CRIMINAL ORGA-
NIZATIONS.—The Director shall prioritize research into re-
ports described in subsection (a) that indicate a connection 
to trafficking of narcotics. 
(c) BRIEFING TO CONGRESS.—Not later than one year 
after the date of enactment of this Act, the Director shall 
brief the Committees on Financial Services and Foreign Af-
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fairs of the House of Representatives and the Committees 
on Banking, Housing, and Urban Affairs and Foreign Re-
lations of the Senate on the usefulness of the guidance or 
instructions issued under subsection (a). 
SEC. 5. REPORT ON LESSONS LEARNED FROM PREVIOUS 
DRUG CRISES. 
Not later than 360 days after the date of enactment 
of this Act, the Comptroller General of the United States, 
in consultation with the Department of the Treasury and 
other relevant agencies, shall provide the Committees on Fi-
nancial Services and Foreign Affairs of the House of Rep-
resentatives and the Committees on Banking, Housing, and 
Urban Affairs and Foreign Relations of the Senate with 
an unclassified report and briefing on the lessons learned 
from previous drug crises, including the crack cocaine crisis 
of the 1980s, with respect to— 
(1) how transnational criminal organizations 
target individual and community victims; 
(2) the negative impacts on those victims, in-
cluding financial and health effects; 
(3) mitigation activities that were effective in 
lessening the targeting of these victims or the negative 
impacts on such victims; and 
(4) recommendations to confront such targeting, 
based on findings described under paragraphs (1), 
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(2), and (3), that may be applied to the ongoing 
opioid crisis. 
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Union Calendar No. 12 
119TH CONGRESS 
1ST SESSION 
H. R. 1577 
[Report No. 119–22] 
A BILL 
To provide authority to the Secretary of the Treas-
ury to take special measures against certain enti-
ties outside of the United States of primary 
money laundering concern in connection with il-
licit fentanyl and narcotics financing, and for 
other purposes. 
MARCH 21, 2025 
Reported with an amendment, committed to the Com-
mittee of the Whole House on the State of the Union, 
and ordered to be printed 
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