I
119THCONGRESS
1
STSESSION H. R. 1577
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
FEBRUARY25, 2025
Mr. O
GLES(for himself, Ms. DELACRUZ, Mr. MEUSER, Mr. NUNNof Iowa,
Mrs. K
IM, Mr. SESSIONS, and Mr. FIELDS) introduced the following bill;
which was referred to the Committee on Financial Services
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.
Be it enacted by the Senate and House of Representa-1
tives of the United States of America in Congress assembled, 2
SECTION 1. SHORT TITLE. 3
This Act may be cited as the ‘‘Stop Fentanyl Money 4
Laundering Act of 2025’’. 5
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SEC. 2. DETERMINATION WITH RESPECT TO PRIMARY 1
MONEY LAUNDERING CONCERN OF ILLICIT 2
FENTANYL AND NARCOTICS FINANCING. 3
(a) I
NGENERAL.—If the Secretary of the Treasury 4
determines that one or more financial institutions oper-5
ating outside of the United States, or one or more classes 6
of transactions within, or involving, a jurisdiction outside 7
of the United States, or one or more types of accounts 8
within, or involving, a jurisdiction outside of the United 9
States is of primary money laundering concern in connec-10
tion with illicit fentanyl and narcotics financing, the Sec-11
retary of the Treasury may, by order, regulation, or other-12
wise as permitted by law, require domestic financial insti-13
tutions and domestic financial agencies to take one or 14
more of the special measures described in section 15
5318A(b) of title 31, United States Code. 16
(b) C
LASSIFIEDINFORMATION.—In any judicial re-17
view of a finding of the existence of a primary money laun-18
dering concern, or of the requirement for 1 or more special 19
measures with respect to a primary money laundering con-20
cern made under this section, if the designation or imposi-21
tion, or both, were based on classified information (as de-22
fined in section 1(a) of the Classified Information Proce-23
dures Act (18 U.S.C. App.)), such information may be 24
submitted by the Secretary of the Treasury to the review-25
ing court ex parte and in camera. This subsection does 26
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not confer or imply any right to judicial review of any find-1
ing made or any requirement imposed under this section. 2
(c) A
VAILABILITY OFINFORMATION.—The exemp-3
tions from, and prohibitions on, search and disclosure re-4
ferred to in section 9714(c) of the National Defense Au-5
thorization Act for Fiscal Year 2021 (Public Law 116– 6
283; 31 U.S.C. 5318A note) shall apply to any report or 7
record of report filed pursuant to a requirement imposed 8
under subsection (a). For purposes of section 552 of title 9
5, United States Code, this section shall be considered a 10
statute described in subsection (b)(3)(B) of that section. 11
(d) P
ENALTIES.—The penalties referred to in section 12
9714(d) of the National Defense Authorization Act for 13
Fiscal Year 2021 (Public Law 116–283; 31 U.S.C. 5318A 14
note) shall apply to violations of any order, regulation, 15
special measure, or other requirement imposed under sub-16
section (a), in the same manner and to the same extent 17
as described in such section 9714(d). 18
(e) I
NJUNCTIONS.—The Secretary of the Treasury 19
may bring a civil action to enjoin a violation of any order, 20
regulation, special measure, or other requirement imposed 21
under subsection (a) in the same manner and to the same 22
extent as described in section 9714(e) of the National De-23
fense Authorization Act for Fiscal Year 2021 (Public Law 24
116–283; 31 U.S.C. 5318A note). 25
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(f) DEFINITIONS.—In this section, the terms ‘‘domes-1
tic financial agency’’, ‘‘domestic financial institution’’, ‘‘fi-2
nancial agency’’, and ‘‘financial institution’’ have the 3
meanings given those terms as used in section 9714 of 4
the National Defense Authorization Act for Fiscal Year 5
2021 (Public Law 116–283; 31 U.S.C. 5318A note). 6
SEC. 3. TRADE-BASED MONEY LAUNDERING ADVISORY. 7
Not later than one year following the date of the en-8
actment of this Act, the Financial Crimes Enforcement 9
Network shall update and issue a new advisory to financial 10
institutions on identifying Chinese professional money 11
laundering facilitating the trafficking of fentanyl and 12
other synthetic opioids. Such advisory shall incorporate 13
the following advisories: 14
(1) FIN–2014–A005, entitled ‘‘Update on U.S. 15
Currency Restrictions in Mexico: Funnel Accounts 16
and TBML’’; 17
(2) FIN–2010–A001, entitled ‘‘Advisory to Fi-18
nancial Institutions on Filing Suspicious Activity 19
Reports regarding Trade-Based Money Laundering’’; 20
and 21
(3) FIN–2019–A006, entitled ‘‘Advisory to Fi-22
nancial Institutions on Illicit Financial Schemes and 23
Methods Related to the Trafficking of Fentanyl and 24
Other Synthetic Opioids’’. 25
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SEC. 4. TREATMENT OF TRANSNATIONAL CRIMINAL ORGA-1
NIZATIONS IN SUSPICIOUS TRANSACTIONS. 2
(a) F
ILINGINSTRUCTIONS.—Not later than 180 days 3
after the date of the enactment of this Act, the Director 4
of the Financial Crimes Enforcement Network shall issue 5
guidance or instructions to United States financial institu-6
tions for filing reports on suspicious transactions required 7
by section 5318(g) of title 31, United States Code, related 8
to suspected narcotics trafficking by transnational crimi-9
nal organizations. 10
(b) P
RIORITIZATION OF REPORTSRELATING TO 11
N
ARCOTICSTRAFFICKING ORTRANSNATIONALCRIMINAL 12
O
RGANIZATIONS.—The Director shall prioritize research 13
into reports described in subsection (a) that indicate a 14
connection to trafficking of narcotics. 15
(c) B
RIEFING TOCONGRESS.—Not later than one 16
year after the date of enactment of this Act, the Director 17
shall brief the Committees on Financial Services and For-18
eign Affairs of the House of Representatives and the Com-19
mittees on Banking, Housing, and Urban Affairs and For-20
eign Relations of the Senate on the usefulness of the guid-21
ance or instructions issued under subsection (a). 22
Æ
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