United States 119th Congress Status: In Committee Bipartisan · 2 R · 2 D cosponsors

HR 5877 — Combatting Money Laundering in Cyber Crime Act of 2025

Last action — Placed on the Union Calendar, Calendar No. 530.

  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed House
  4. 4
    Passed Senate
  5. 5
    To Executive
  6. 6
    Enacted

This bill is in committee in the House. Introduced October 31, 2025. It must pass committee before a floor vote.

Next likely step: a committee vote, then a floor vote in the House.

Prognosis

Advancing 38% · moderate confidence

Where this bill stands today.

Odds of enactment

Low

How often bills like it became law.

  • In Committee

    Current position in the legislative process.

  • 4 sponsors

    1 primary, 3 co-sponsors signed on.

  • Bipartisan support

    Sponsored across 2 parties (2 R · 2 D) — cross-party backing.

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

Summary

Combatting Money Laundering in Cyber Crime Act of 2025This bill expands the investigative authority of the U.S. Secret Service, extends reporting requirements related to public-private information sharing, and requires the Government Accountability Office (GAO) to evaluate existing requirements to combat money laundering and related crimes.Specifically, the bill authorizes the Secret Service to investigate money laundering and structured transactions (i.e., structuring currency transactions to evade currency reporting requirements).Additionally, the bill extends the requirement for the Financial Crimes Enforcement Network (FinCEN) to report on the efforts of the FinCEN Exchange. The FinCEN Exchange is a voluntary public-private information sharing partnership among law enforcement agencies, national security agencies, financial institutions, and FinCEN to combat money laundering and related crimes, including the financing of terrorism.The bill also extends the requirement for the U.S. executive director at the International Monetary Fund to support the increased use of the fund's administrative budget to help members prevent money laundering and the financing of terrorism. The requirement expires on December 20, 2025.Finally, the bill directs the GAO to report on implementation of provisions of the Anti-Money Laundering Act of 2020 that expanded information sharing with tribal authorities and expanded reporting requirements related to money laundering and terrorist financing. The GAO must focus on evaluating the ability of law enforcement to identify and deter money laundering in cybercrimes.

Bill Text

What changed in the latest version

29 added · 10 removed

Plain-language change summary

The amendment to HR 5877 changes the text by including "1960" as an additional option alongside "871" and "879" in paragraph (1). This adjustment modifies how the reporting requirement regarding the implementation of section 6102 of the Anti-Money Laundering Act of 2020 is framed. As a result, the committees are now tasked with submitting a report that explicitly references three options instead of two, potentially broadening the scope of oversight or action related to the implementation.

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5877 Introduced in House (IH)] <DOC> 119th CONGRESS 1st Session H.
5877 Reported in House (RH)] <DOC> Union Calendar No.
530 119th CONGRESS 2d Session H.
5877 To strengthen the authority of the United States Secret Service to investigate various crimes related to digital asset transactions and to counter transnational cyber criminal activity, including unlicensed money transmitting businesses, structured transactions, and fraud against financial institutions, and for other purposes.
5877 [Report No.
119-612, Part I] To strengthen the authority of the United States Secret Service to investigate various crimes related to digital asset transactions and to counter transnational cyber criminal activity, including unlicensed money transmitting businesses, structured transactions, and fraud against financial institutions, and for other purposes.
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 strengthen the authority of the United States Secret Service to investigate various crimes related to digital asset transactions and to counter transnational cyber criminal activity, including unlicensed money transmitting businesses, structured transactions, and fraud against financial institutions, and for other purposes.
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 April 15, 2026 Reported from the Committee on Financial Services with an amendment [Strike out all after the enacting clause and insert the part printed in italic] April 15, 2026 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 October 31, 2025] _______________________________________________________________________ A BILL To strengthen the authority of the United States Secret Service to investigate various crimes related to digital asset transactions and to counter transnational cyber criminal activity, including unlicensed money transmitting businesses, structured transactions, and fraud against financial institutions, and for other purposes.
Section 3056(b) of title 18, United States Code, is amended-- (1) in paragraph (1), by striking ``or'' after ``871'' and inserting ``, or 1960'' after ``879'';
Section 3056(b) of title 18, United States Code, is amended-- (1) in paragraph (1), by striking ``871, or 879'' and inserting ``871, 879, or 1960'';
(a) In General.--Not later than 1 year after the date of enactment of this Act, the Government Accountability Office shall conduct a study and submit to the appropriate committees of Congress a report on the implementation of section 6102 of the Anti-Money Laundering Act of 2020 (title LXI of division F of the William M.
(a) In General.--Not later than 1 year after the date of enactment of this Act, the Government Accountability Office shall conduct a study and submit to the Committee on Financial Services of the House of Representatives and the Committee on Banking, Housing, and Urban Affairs of the Senate a report on the implementation of section 6102 of the Anti-Money Laundering Act of 2020 (title LXI of division F of the William M.
<all>
Union Calendar No.
530 119th CONGRESS 2d Session H.
R.
5877 [Report No.
119-612, Part I] _______________________________________________________________________ A BILL To strengthen the authority of the United States Secret Service to investigate various crimes related to digital asset transactions and to counter transnational cyber criminal activity, including unlicensed money transmitting businesses, structured transactions, and fraud against financial institutions, and for other purposes.
_______________________________________________________________________ April 15, 2026 Reported from the Committee on Financial Services with an amendment April 15, 2026 Committee on the Judiciary discharged;
committed to the Committee of the Whole House on the State of the Union and ordered to be printed
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How this bill changes current law

5 changes Share ↗

Compared against current U.S. Code AI-generated reading aid — verify against the official bill.

The bill expands the investigative authority of the United States Secret Service regarding digital asset-related crimes and modifies other related statutes.

  • 18 U.S.C. § 3056

    871, or 879 → 871, 879, or 1960

    This change adds the crime of operating an unlicensed money transmitting business to the list of offenses the Secret Service is authorized to investigate.

  • 18 U.S.C. § 3056

    federally insured

    This removes the limitation to federally insured institutions in the context of crimes that the Secret Service can investigate.

  • 18 U.S.C. § 3056

    , as defined in section 5312 of title 31

    This adds a reference to the definition of a financial institution from 31 U.S.C. § 5312, broadening the scope of entities the Secret Service can investigate.

  • 31 U.S.C. § 310

    5 years → 10 years

    This change extends the duration for which certain records must be maintained in connection with FinCEN activities from 5 years to 10 years.

  • 22 U.S.C. § 262p-13 note

    6 → 10

    This modifies a requirement related to international financial institutions by increasing a numerical threshold from 6 to 10.

Action History

  1. Introduced in House

  2. Introduced in House

  3. 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.

  4. 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.

  5. Committee Consideration and Mark-up Session Held

  6. Ordered to be Reported (Amended) by the Yeas and Nays: 54 - 0.

  7. Reported (Amended) by the Committee on Financial Services. H. Rept. 119-612, Part I.

  8. Reported (Amended) by the Committee on Financial Services. H. Rept. 119-612, Part I.

  9. Committee on the Judiciary discharged.

  10. Committee on the Judiciary discharged.

  11. Placed on the Union Calendar, Calendar No. 530.

Sponsors

Sponsorship breakdown

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1 sponsors · 3 co-sponsors · 543 not signed on

Sponsors (1)

Co-sponsors (3)

Not signed on (543)

543 members have not signed on to this bill.

Show all 543 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

public-safety finance technology
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does HR 5877 do?
Combatting Money Laundering in Cyber Crime Act of 2025This bill expands the investigative authority of the U.S. Secret Service, extends reporting requirements related to public-private information sharing, and requires the Government Accountability Office (GAO) to evaluate existing requirements to combat money laundering and related crimes.Specifically, the bill authorizes the Secret Service to investigate money laundering and structured transactions (i.e., structuring currency transactions to evade currency reporting requirements).Additionally, the bill extends the requirement for the Financial Crimes Enforcement Network (FinCEN) to report on the efforts of the FinCEN Exchange. The FinCEN Exchange is a voluntary public-private information sharing partnership among law enforcement agencies, national security agencies, financial institutions, and FinCEN to combat money laundering and related crimes, including the financing of terrorism.The bill also extends the requirement for the U.S. executive director at the International Monetary Fund to support the increased use of the fund's administrative budget to help members prevent money laundering and the financing of terrorism. The requirement expires on December 20, 2025.Finally, the bill directs the GAO to report on implementation of provisions of the Anti-Money Laundering Act of 2020 that expanded information sharing with tribal authorities and expanded reporting requirements related to money laundering and terrorist financing. The GAO must focus on evaluating the ability of law enforcement to identify and deter money laundering in cybercrimes.
Who sponsors HR 5877?
HR 5877 is sponsored by Fitzgerald, Scott (Republican), Pettersen, Brittany (Democratic), Nunn, Zachary (Republican), and Sherman, Brad (Democratic).
What is the current status of HR 5877?
This bill is in committee in the House. Introduced October 31, 2025. It must pass committee before a floor vote.
Where can I track HR 5877?
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