IB
Union Calendar No. 12
119THCONGRESS
1
STSESSION 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
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
M
ARCH21, 2025
Additional sponsors: Mr. M
OOREof North Carolina, Mr. BARR, and Mr.
L
AWLER
M
ARCH21, 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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•HR 1577 RH
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-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
SEC. 2. DETERMINATION WITH RESPECT TO PRIMARY 6
MONEY LAUNDERING CONCERN OF ILLICIT 7
FENTANYL AND NARCOTICS FINANCING. 8
(a) I
NGENERAL.—If the Secretary of the Treasury de-9
termines that one or more financial institutions operating 10
outside of the United States, or one or more classes of trans-11
actions within, or involving, a jurisdiction outside of the 12
United States, or one or more types of accounts within, or 13
involving, a jurisdiction outside of the United States is of 14
primary money laundering concern in connection with il-15
licit fentanyl and narcotics financing, the Secretary of the 16
Treasury may, by order, regulation, or otherwise as per-17
mitted by law, require domestic financial institutions and 18
domestic financial agencies to take one or more of the spe-19
cial measures described in section 5318A(b) of title 31, 20
United States Code. 21
(b) C
LASSIFIEDINFORMATION.—In any judicial re-22
view of a finding of the existence of a primary money laun-23
dering concern, or of the requirement for 1 or more special 24
measures with respect to a primary money laundering con-25
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cern made under this section, if the designation or imposi-1
tion, or both, were based on classified information (as de-2
fined in section 1(a) of the Classified Information Proce-3
dures Act (18 U.S.C. App.)), such information may be sub-4
mitted by the Secretary of the Treasury to the reviewing 5
court ex parte and in camera. This subsection does not con-6
fer or imply any right to judicial review of any finding 7
made or any requirement imposed under this section. 8
(c) A
VAILABILITY OFINFORMATION.—The exemptions 9
from, and prohibitions on, search and disclosure referred 10
to in section 9714(c) of the National Defense Authorization 11
Act for Fiscal Year 2021 (Public Law 116–283; 31 U.S.C. 12
5318A note) shall apply to any report or record of report 13
filed pursuant to a requirement imposed under subsection 14
(a). For purposes of section 552 of title 5, United States 15
Code, this section shall be considered a statute described in 16
subsection (b)(3)(B) of that section. 17
(d) P
ENALTIES.—The penalties referred to in section 18
9714(d) of the National Defense Authorization Act for Fis-19
cal Year 2021 (Public Law 116–283; 31 U.S.C. 5318A note) 20
shall apply to violations of any order, regulation, special 21
measure, or other requirement imposed under subsection 22
(a), in the same manner and to the same extent as described 23
in such section 9714(d). 24
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(e) INJUNCTIONS.—The Secretary of the Treasury may 1
bring a civil action to enjoin a violation of any order, regu-2
lation, special measure, or other requirement imposed under 3
subsection (a) in the same manner and to the same extent 4
as described in section 9714(e) of the National Defense Au-5
thorization Act for Fiscal Year 2021 (Public Law 116–283; 6
31 U.S.C. 5318A note). 7
(f) D
EFINITIONS.—In this section, the terms ‘‘domestic 8
financial agency’’, ‘‘domestic financial institution’’, ‘‘finan-9
cial agency’’, and ‘‘financial institution’’ have the mean-10
ings given those terms as used in section 9714 of the Na-11
tional Defense Authorization Act for Fiscal Year 2021 (Pub-12
lic Law 116–283; 31 U.S.C. 5318A note). 13
SEC. 3. TRADE-BASED MONEY LAUNDERING ADVISORY. 14
Not later than one year following the date of the enact-15
ment of this Act, the Financial Crimes Enforcement Net-16
work shall update and issue a new advisory to financial 17
institutions on identifying Chinese professional money 18
laundering facilitating the trafficking of fentanyl and other 19
synthetic opioids. Such advisory shall incorporate the fol-20
lowing advisories: 21
(1) FIN–2014–A005, entitled ‘‘Update on U.S. 22
Currency Restrictions in Mexico: Funnel Accounts 23
and TBML’’. 24
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•HR 1577 RH
(2) FIN–2010–A001, entitled ‘‘Advisory to Fi-1
nancial Institutions on Filing Suspicious Activity 2
Reports regarding Trade-Based Money Laundering’’. 3
(3) FIN–2019–A006, entitled ‘‘Advisory to Fi-4
nancial Institutions on Illicit Financial Schemes and 5
Methods Related to the Trafficking of Fentanyl and 6
Other Synthetic Opioids’’. 7
SEC. 4. TREATMENT OF TRANSNATIONAL CRIMINAL ORGA-8
NIZATIONS IN SUSPICIOUS TRANSACTIONS. 9
(a) F
ILINGINSTRUCTIONS.—Not later than 180 days 10
after the date of the enactment of this Act, the Director of 11
the Financial Crimes Enforcement Network shall issue 12
guidance or instructions to United States financial institu-13
tions for filing reports on suspicious transactions required 14
by section 5318(g) of title 31, United States Code, related 15
to suspected narcotics trafficking by transnational criminal 16
organizations. 17
(b) P
RIORITIZATION OFREPORTSRELATING TONAR-18
COTICSTRAFFICKING ORTRANSNATIONALCRIMINALORGA-19
NIZATIONS.—The Director shall prioritize research into re-20
ports described in subsection (a) that indicate a connection 21
to trafficking of narcotics. 22
(c) B
RIEFING TOCONGRESS.—Not later than one year 23
after the date of enactment of this Act, the Director shall 24
brief the Committees on Financial Services and Foreign Af-25
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fairs of the House of Representatives and the Committees 1
on Banking, Housing, and Urban Affairs and Foreign Re-2
lations of the Senate on the usefulness of the guidance or 3
instructions issued under subsection (a). 4
SEC. 5. REPORT ON LESSONS LEARNED FROM PREVIOUS 5
DRUG CRISES. 6
Not later than 360 days after the date of enactment 7
of this Act, the Comptroller General of the United States, 8
in consultation with the Department of the Treasury and 9
other relevant agencies, shall provide the Committees on Fi-10
nancial Services and Foreign Affairs of the House of Rep-11
resentatives and the Committees on Banking, Housing, and 12
Urban Affairs and Foreign Relations of the Senate with 13
an unclassified report and briefing on the lessons learned 14
from previous drug crises, including the crack cocaine crisis 15
of the 1980s, with respect to— 16
(1) how transnational criminal organizations 17
target individual and community victims; 18
(2) the negative impacts on those victims, in-19
cluding financial and health effects; 20
(3) mitigation activities that were effective in 21
lessening the targeting of these victims or the negative 22
impacts on such victims; and 23
(4) recommendations to confront such targeting, 24
based on findings described under paragraphs (1), 25
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(2), and (3), that may be applied to the ongoing 1
opioid crisis. 2
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12
119
TH
CONGRESS
1
ST
S
ESSION
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.
M
ARCH
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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