119-s1273

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 1273 Introduced in Senate

    (IS) ]

<DOC>

119th CONGRESS
 1st Session
 S. 1273

 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.

_______________________________________________________________________

 IN THE SENATE OF THE UNITED STATES

 April 3, 2025

 Ms. Cortez Masto (for herself and Mr. Grassley) introduced the 
 following bill; which was read twice and referred to the Committee on 
 Banking, Housing, and Urban Affairs

_______________________________________________________________________

 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.

 Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

 This Act may be cited as the ``Combatting Money Laundering in Cyber 
Crime Act of 2025''.

SEC. 2. EXPANSION OF UNITED STATES SECRET SERVICE INVESTIGATIVE 
 AUTHORITIES.

 

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''; and

    (2) in paragraph

    (3) --
        (A) by inserting ``money laundering, structured 
 transactions,'' after ``documents or devices,'';
        (B) by striking ``federally insured''; and
            (C) by inserting ``, as defined in 

section 5312 of 
 title 31'' after ``institution''.

SEC. 3. FINCEN EXCHANGE.

 

Section 310
            (d) (3)
        (A) of title 31, United States Code, is amended, 
in the matter preceding clause
            (i) , by striking ``5 years'' and 
inserting ``10 years''.

SEC. 4. INTERNATIONAL FINANCIAL INSTITUTIONS.

 

Section 7125

    (b) of the Otto Warmbier North Korea Nuclear Sanctions 
and Enforcement Act of 2019 (22 U.S.C. 262p-13 note) is amended by 
striking ``6'' and inserting ``10''.

SEC. 5. REPORT.

    (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.

    (Mac) Thornberry National 
Defense Authorization Act for Fiscal Year 2021 (Public Law 116-283; 134 
Stat. 4552)).

    (b) Focus.--In conducting the study under subsection

    (a) , the 
Government Accountability Office shall focus on evaluating the ability 
of law enforcement to identify and deter money laundering in cyber 
crimes.
 <all>