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H.R. 1577In committee
Stop Fentanyl Money Laundering Act of 2025
Introduced: Feb 25, 2025
Latest action date: Mar 21, 2025
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Current stage
In committee
The most advanced recorded stage is committee consideration.
Introduced
Feb 25, 2025
Latest action
Mar 21, 2025
Recorded roll calls
0
Civixly topics
What this legislation is about
Civixly topics make federal and state legislation comparable. They are derived from the official CRS policy area and legislative subjects.
Official CRS policy area
Finance and Financial Sector
View 13 official legislative subjects
AsiaChinaCivil actions and liabilityCongressional oversightCurrencyDrug trafficking and controlled substancesFraud offenses and financial crimesGovernment studies and investigationsInternational monetary system and foreign exchangeLatin AmericaMexicoOrganized crimeTerrorism
Bill Summary
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.
Committee activity
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Official committee record ↗
Amendments
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No amendments are listed for this measure.
Checked against Congress.gov Sep 14, 2026.
Action timeline
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View full action timeline8 actions
Placed on the Union Calendar, Calendar No. 12.
CalendarsHouse floor actionsReported (Amended) by the Committee on Financial Services. H. Rept. 119-22.
CommitteeHouse floor actionsReported (Amended) by the Committee on Financial Services. H. Rept. 119-22.
CommitteeLibrary of CongressOrdered to be Reported (Amended) by the Yeas and Nays: 49 - 0.
CommitteeHouse committee actionsCommittee Consideration and Mark-up Session Held
CommitteeHouse committee actionsIntroduced in House
IntroReferralLibrary of CongressIntroduced in House
IntroReferralLibrary of CongressReferred to the House Committee on Financial Services.
IntroReferralHouse floor actions
Roll-call votes
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No connected roll-call votes are currently available for this bill.
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