| 1 | 1 | | II |
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| 2 | 2 | | 119THCONGRESS |
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| 3 | 3 | | 1 |
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| 4 | 4 | | STSESSION S. 1273 |
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| 5 | 5 | | To strengthen the authority of the United States Secret Service to investigate |
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| 6 | 6 | | various crimes related to digital asset transactions and to counter |
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| 7 | 7 | | transnational cyber criminal activity, including unlicensed money trans- |
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| 8 | 8 | | mitting businesses, structured transactions, and fraud against financial |
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| 9 | 9 | | institutions, and for other purposes. |
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| 10 | 10 | | IN THE SENATE OF THE UNITED STATES |
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| 11 | 11 | | APRIL3, 2025 |
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| 12 | 12 | | Ms. C |
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| 13 | 13 | | ORTEZMASTO(for herself and Mr. GRASSLEY) introduced the following |
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| 14 | 14 | | bill; which was read twice and referred to the Committee on Banking, |
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| 15 | 15 | | Housing, and Urban Affairs |
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| 16 | 16 | | A BILL |
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| 17 | 17 | | To strengthen the authority of the United States Secret |
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| 18 | 18 | | Service to investigate various crimes related to digital |
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| 19 | 19 | | asset transactions and to counter transnational cyber |
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| 20 | 20 | | criminal activity, including unlicensed money transmit- |
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| 21 | 21 | | ting businesses, structured transactions, and fraud |
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| 22 | 22 | | against financial institutions, and for other purposes. |
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| 23 | 23 | | Be it enacted by the Senate and House of Representa-1 |
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| 24 | 24 | | tives of the United States of America in Congress assembled, 2 |
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| 25 | 25 | | SECTION 1. SHORT TITLE. 3 |
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| 26 | 26 | | This Act may be cited as the ‘‘Combatting Money 4 |
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| 27 | 27 | | Laundering in Cyber Crime Act of 2025’’. 5 |
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| 28 | 28 | | VerDate Sep 11 2014 07:12 Apr 11, 2025 Jkt 059200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\S1273.IS S1273 |
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| 29 | 29 | | kjohnson on DSK7ZCZBW3PROD with $$_JOB 2 |
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| 30 | 30 | | •S 1273 IS |
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| 31 | 31 | | SEC. 2. EXPANSION OF UNITED STATES SECRET SERVICE 1 |
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| 32 | 32 | | INVESTIGATIVE AUTHORITIES. 2 |
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| 33 | 33 | | Section 3056(b) of title 18, United States Code, is 3 |
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| 34 | 34 | | amended— 4 |
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| 35 | 35 | | (1) in paragraph (1), by striking ‘‘or’’ after 5 |
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| 36 | 36 | | ‘‘871’’ and inserting ‘‘, or 1960’’ after ‘‘879’’; and 6 |
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| 37 | 37 | | (2) in paragraph (3)— 7 |
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| 38 | 38 | | (A) by inserting ‘‘money laundering, struc-8 |
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| 39 | 39 | | tured transactions,’’ after ‘‘documents or de-9 |
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| 40 | 40 | | vices,’’; 10 |
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| 41 | 41 | | (B) by striking ‘‘federally insured’’; and 11 |
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| 42 | 42 | | (C) by inserting ‘‘, as defined in section 12 |
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| 43 | 43 | | 5312 of title 31’’ after ‘‘institution’’. 13 |
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| 44 | 44 | | SEC. 3. FINCEN EXCHANGE. 14 |
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| 45 | 45 | | Section 310(d)(3)(A) of title 31, United States Code, 15 |
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| 46 | 46 | | is amended, in the matter preceding clause (i), by striking 16 |
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| 47 | 47 | | ‘‘5 years’’ and inserting ‘‘10 years’’. 17 |
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| 48 | 48 | | SEC. 4. INTERNATIONAL FINANCIAL INSTITUTIONS. 18 |
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| 49 | 49 | | Section 7125(b) of the Otto Warmbier North Korea 19 |
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| 50 | 50 | | Nuclear Sanctions and Enforcement Act of 2019 (22 20 |
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| 51 | 51 | | U.S.C. 262p–13 note) is amended by striking ‘‘6’’ and in-21 |
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| 52 | 52 | | serting ‘‘10’’. 22 |
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| 53 | 53 | | SEC. 5. REPORT. 23 |
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| 54 | 54 | | (a) I |
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| 55 | 55 | | NGENERAL.—Not later than 1 year after the 24 |
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| 56 | 56 | | date of enactment of this Act, the Government Account-25 |
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| 57 | 57 | | ability Office shall conduct a study and submit to the ap-26 |
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| 58 | 58 | | VerDate Sep 11 2014 07:12 Apr 11, 2025 Jkt 059200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6201 E:\BILLS\S1273.IS S1273 |
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| 59 | 59 | | kjohnson on DSK7ZCZBW3PROD with $$_JOB 3 |
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| 60 | 60 | | •S 1273 IS |
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| 61 | 61 | | propriate committees of Congress a report on the imple-1 |
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| 62 | 62 | | mentation of section 6102 of the Anti-Money Laundering 2 |
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| 63 | 63 | | Act of 2020 (title LXI of division F of the William M. 3 |
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| 64 | 64 | | (Mac) Thornberry National Defense Authorization Act for 4 |
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| 65 | 65 | | Fiscal Year 2021 (Public Law 116–283; 134 Stat. 4552)). 5 |
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| 66 | 66 | | (b) F |
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| 67 | 67 | | OCUS.—In conducting the study under sub-6 |
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| 68 | 68 | | section (a), the Government Accountability Office shall 7 |
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| 69 | 69 | | focus on evaluating the ability of law enforcement to iden-8 |
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| 70 | 70 | | tify and deter money laundering in cyber crimes. 9 |
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| 71 | 71 | | Æ |
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| 72 | 72 | | VerDate Sep 11 2014 07:12 Apr 11, 2025 Jkt 059200 PO 00000 Frm 00003 Fmt 6652 Sfmt 6301 E:\BILLS\S1273.IS S1273 |
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| 73 | 73 | | kjohnson on DSK7ZCZBW3PROD with $$_JOB |
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