Combating Money Laundering in Cyber Crime Act of 2024

Bill: 118-hr-7156
Sponsor: full_name: Rep. Fitzgerald, Scott [R-WI-5]
Introduced: 2024-01-31
Policy area: Crime and Law Enforcement
Subjects: Congressional oversight

Fraud offenses and financial crimes

International monetary system and foreign exchange

Law enforcement administration and funding

Law enforcement officers
Latest action: action_date: 2024-07-18
text: Placed on the Union Calendar, Calendar No. 490.

Summaries:

tv_txt: IB Union Calendar No. 490 118th CONGRESS 2d Session H. R. 7156 [Report No. 118–590, Part I] IN THE HOUSE OF REPRESENTATIVES January 31, 2024 Mr. Fitzgerald (for himself, Mr. Meeks , Mr. Nunn of Iowa , and Ms. Dean of Pennsylvania ) introduced the following bill; which was referred to the Committee on Financial Services , and in addition to the Committee on the Judiciary , 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 July 18, 2024 Additional sponsors: Mr. Flood , Mr. Davis of North Carolina , Mr. Lawler , Mr. Sessions , and Ms. De La Cruz July 18, 2024 Reported from the Committee on Financial Services with an amendment Strike out all after the enacting clause and insert the part printed in italic July 18, 2024 Committee on the Judiciary discharged; committed to the Committee of the Whole House on the State of the Union and ordered to be printed For text of introduced bill, see copy of bill as introduced on January 31, 2024 A BILL To expand the investigative authorities of the United States Secret Service, and for other purposes.

1. Short title This Act may be cited as the Combating Money Laundering in Cyber Crime Act of 2024 . 2. Expansion of United States Secret Services investigative authorities Section 3056(b) of title 18, United States Code, is amended— (1) in paragraph (1), by striking or 879 and inserting 879, or 1960 ; and (2) in paragraph (2), by striking or at the end; (3) in paragraph (3)— (A) by striking federally insured ; (B) by inserting (as such term is defined in section 5312 of title 31) after institution ; and (C) by striking the period at the end and inserting ; or ; and (4) by adding at the end the following: (4) section 5324 of title 31, except that the authority conferred by this paragraph shall be exercised subject to the agreement of the Attorney General and the Secretary of Homeland Security and shall not affect the authority of any other Federal law enforcement agency with respect to those laws. . 3. FinCEN Exchange Section 310(d)(3)(A) of title 31, United States Code, is amended by striking next 5 years and inserting next 10 years . 4. International financial institutions Section 7125(b) of division F of the National Defense Authorization Act for Fiscal Year 2020 ( 22 U.S.C. 262p-13 note; Public Law 116–92 ) is amended by striking 6 and inserting 10 .

July 18, 2024 Reported from the Committee on Financial Services with an amendment July 18, 2024 Committee on the Judiciary discharged; committed to the Committee of the Whole House on the State of the Union and ordered to be printed

tv_txt: I 118th CONGRESS 2d Session H. R. 7156 IN THE HOUSE OF REPRESENTATIVES January 31, 2024 Mr. Fitzgerald (for himself, Mr. Meeks , Mr. Nunn of Iowa , and Ms. Dean of Pennsylvania ) introduced the following bill; which was referred to the Committee on Financial Services , and in addition to the Committee on the Judiciary , 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 expand the investigative authorities of the United States Secret Service, and for other purposes.

1. Short title This Act may be cited as the Combating Money Laundering in Cyber Crime Act of 2024 . 2. Expansion of United States Secret Services investigative authorities Section 3056(b) of title 18, United States Code, is amended— (1) in paragraph (1), by striking or 879 and inserting 879, or 1960 ; and (2) in paragraph (2), by striking or at the end; (3) in paragraph (3)— (A) by striking federally insured ; (B) by inserting (as such term is defined in section 5312 of title 31) after institution ; and (C) by striking the period at the end and inserting ; or ; and (4) by adding at the end the following: (4) section 5324 of title 31, except that the authority conferred by this paragraph shall be exercised subject to the agreement of the Attorney General and the Secretary of Homeland Security and shall not affect the authority of any other Federal law enforcement agency with respect to those laws. . 3. FinCEN Exchange Section 310(d)(3)(A) of title 31, United States Code, is amended by striking next 5 years and inserting next 10 years . 4. International financial institutions Section 7125(b) of division F of the National Defense Authorization Act for Fiscal Year 2020 ( 22 U.S.C. 262p–13 note; Public Law 116–92 ) is amended by striking 5 and inserting 10 .