Combatting Money Laundering in Cyber Crime Act of 2025
Digital Assets: Fighting Cyber Crime and Money Laundering
The Combatting Money Laundering in Cyber Crime Act of 2025 is currently moving through the House committee process. It was recently approved by the committee and is now waiting for further action. The bill is actively progressing toward a potential vote on the House floor.
Legislative Progress
Key Points
- This bill gives the Secret Service more power to investigate crimes involving digital assets like cryptocurrency. It allows them to go after people running illegal money-sending businesses and those trying to hide large amounts of cash by breaking it into smaller deposits to avoid detection.
- The plan expands the definition of financial institutions that the Secret Service can investigate. This means they will no longer be limited to just traditional, federally insured banks, allowing them to track money through a wider variety of modern financial services and tech companies.
- It extends a program that helps the government and private companies share information about money laundering for an additional five years. This is meant to help law enforcement keep up with tech-savvy criminals who move money across borders quickly using digital tools.
- The government will be required to study how well these new rules are working. A special report will be due in one year to see if law enforcement has the right tools to stop cyber criminals from hiding their stolen money and to identify any gaps in the current system.
Impact Analysis
Govbase has not yet run an impact analysis on this legislation.
Milestones
Ordered to be Reported (Amended) by the Yeas and Nays: 54 - 0.
The committee approved this bill and is sending it to the full chamber for a vote. This is a significant step — most bills never get this far.
Committee Consideration and Mark-up Session Held
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.
Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.
Introduced in House
The bill was officially filed and given a number. It now enters the legislative queue.
Votes
No votes have been recorded for this legislation yet.
News
No related news coverage found for this legislation yet.
Source Information
Document Type
Congressional Bill
Official Title
Combatting Money Laundering in Cyber Crime Act of 2025
Data Sources
Sponsor
Cosponsors
(3)Analysis generated by AI. Always verify with official sources.