119th Congress · introduced in the House · Feb 25, 2025
Stop Fentanyl Money Laundering Act of 2025
Official title from Congress.gov
Latest action (Mar 21, 2025): Placed on the Union Calendar, Calendar No. 12.
View on Congress.govPolicy area: Finance and Financial Sector
Congressional Research Service summary, version: Introduced in House (Feb 25, 2025)
Stop Fentanyl Money Laundering Act of 2025
This bill expands efforts to prevent money laundering related to international fentanyl and narcotics distribution.
The bill allows the Department of the Treasury to impose restrictions on an entity or activity determined to be of primary money-laundering concern in connection with illicit fentanyl and narcotics trafficking. Specifically, if Treasury determines that a foreign financial institution, class of transaction, or type of account is of such concern, Treasury may require domestic financial institutions and agencies to take special measures, such as reporting certain financial transactions involving that entity or activity.
The Financial Crimes Enforcement Network (FinCEN) must issue advisories to financial institutions about how to identify Chinese money laundering that facilitates the trafficking of fentanyl and other synthetic opioids. FinCEN must also issue guidance to financial institutions for filing suspicious transaction reports related to suspected narcotics trafficking by transnational criminal organizations.
Includes amendment, cloture, and procedural votes. Each is labeled with its exact question; only a passage question is a vote to pass the bill.
No recorded roll calls on this bill in coverage.
Placed on the Union Calendar, Calendar No. 12.
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-22.
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-22.
Ordered to be Reported (Amended) by the Yeas and Nays: 49 - 0.
Committee Consideration and Mark-up Session Held
Referred to the House Committee on Financial Services.
Introduced in House
Introduced in House
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