HR 1577
· 119th Congress
· Finance and Financial Sector
Stop Fentanyl Money Laundering Act of 2025
Sponsor
Latest action
Placed on the Union Calendar, Calendar No. 12.
Action timeline
Every recorded action on this bill, newest first. Stage badges color-code the legislative path.
Mar 21, 2025
committee
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-22.
Financial Services Committee
Mar 21, 2025
other
Placed on the Union Calendar, Calendar No. 12.
Mar 05, 2025
committee
Committee Consideration and Mark-up Session Held
Financial Services Committee
Mar 05, 2025
committee
Ordered to be Reported (Amended) by the Yeas and Nays: 49 - 0.
Financial Services Committee
Feb 25, 2025
introduced
Introduced in House
Feb 25, 2025
introduced
Referred to the House Committee on Financial Services.
Financial Services Committee
Text versions
Each stage of the bill — official text published by GPO. Click any format to read on congress.gov / govinfo.
CRS summaries
Plain-English summaries written by the Congressional Research Service — neutral, nonpartisan staff who summarize bills as they advance through stages. The authoritative description of what each version of the bill does.
00
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.
via Congressional Research Service · published through congress.gov
Changelog
ⓘ
How a bill moves through Congress. Each stage produces a new official text. The diff between them shows what changed at that step.
ih / is — Introduced in House / Senate. First filed version.rfh / rfs — Referred to a committee for review.rh / rs — Reported back by the committee to the floor (often with amendments — this is where most language changes happen).pcs / pch — Placed on Calendar for floor consideration.eh / es — Engrossed. Passed by the originating chamber. Text is now what was actually voted on.rdh / rds — Received by the other chamber.eah / eas — Engrossed Amendment. The other chamber passed an amended version.ath / ats — Agreed to. Both chambers settled on the same text.enr — Enrolled. Final reconciled text, sent to the President.pl — Public Law. Signed by the President. It's now law.pp — Public Print. Official printing post-enactment.
Most bills die before eh/es. Going from pcs → enr is the full path through both chambers.
ⓘ
How a bill moves through Congress. Each stage produces a new official text. The diff between them shows what changed at that step.
ih/is— Introduced in House / Senate. First filed version.rfh/rfs— Referred to a committee for review.rh/rs— Reported back by the committee to the floor (often with amendments — this is where most language changes happen).pcs/pch— Placed on Calendar for floor consideration.eh/es— Engrossed. Passed by the originating chamber. Text is now what was actually voted on.rdh/rds— Received by the other chamber.eah/eas— Engrossed Amendment. The other chamber passed an amended version.ath/ats— Agreed to. Both chambers settled on the same text.enr— Enrolled. Final reconciled text, sent to the President.pl— Public Law. Signed by the President. It's now law.pp— Public Print. Official printing post-enactment.
Most bills die before eh/es. Going from pcs → enr is the full path through both chambers.
Line-level diff between text versions of this bill — what actually changed at each legislative stage.
+66
−4
27 unchanged
--- Introduced (House)
+++ Reported (House)
@@ -1,11 +1,14 @@
[From the U.S. Government Publishing Office]
-[H.R. 1577 Introduced in House (IH)]
+[H.R. 1577 Reported in House (RH)]
<DOC>
+Union Calendar No. 12
119th CONGRESS
1st Session
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
@@ -21,6 +24,20 @@
Mr. Ogles (for himself, Ms. De La Cruz, Mr. Meuser, Mr. Nunn of Iowa,
Mrs. Kim, Mr. Sessions, and Mr. Fields) introduced the following bill;
which was referred to the Committee on Financial Services
+
+March 21, 2025
+
+Additional sponsors: Mr. Moore of North Carolina, Mr. Barr, and Mr.
+Lawler
+
+March 21, 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]
_______________________________________________________________________
@@ -98,10 +115,10 @@
and other synthetic opioids. Such advisory shall incorporate the
following advisories:
(1) FIN-2014-A005, entitled ``Update on U.S. Currency
-Restrictions in Mexico: Funnel Accounts and TBML'';
+Restrictions in Mexico: Funnel Accounts and TBML''.
(2) FIN-2010-A001, entitled ``Advisory to Financial
Institutions on Filing Suspicious Activity Reports regarding
-Trade-Based Money Laundering''; and
+Trade-Based Money Laundering''.
(3) FIN-2019-A006, entitled ``Advisory to Financial
Institutions on Illicit Financial Schemes and Methods Related
to the Trafficking of Fentanyl and Other Synthetic Opioids''.
@@ -126,4 +143,49 @@
and the Committees on Banking, Housing, and Urban Affairs and Foreign
Relations of the Senate on the usefulness of the guidance or
instructions issued under subsection (a).
-<all>
+
+SEC. 5. REPORT ON LESSONS LEARNED FROM PREVIOUS DRUG CRISES.
+
+Not later than 360 days after the date of enactment of this Act,
+the Comptroller General of the United States, in consultation with the
+Department of the Treasury and other relevant agencies, shall provide
+the Committees on Financial Services and Foreign Affairs of the House
+of Representatives and the Committees on Banking, Housing, and Urban
+Affairs and Foreign Relations of the Senate with an unclassified report
+and briefing on the lessons learned from previous drug crises,
+including the crack cocaine crisis of the 1980s, with respect to--
+(1) how transnational criminal organizations target
+individual and community victims;
+(2) the negative impacts on those victims, including
+financial and health effects;
+(3) mitigation activities that were effective in lessening
+the targeting of these victims or the negative impacts on such
+victims; and
+(4) recommendations to confront such targeting, based on
+findings described under paragraphs (1), (2), and (3), that may
+be applied to the ongoing opioid crisis.
+Union Calendar No. 12
+
+119th CONGRESS
+
+1st Session
+
+H. R. 1577
+
+[Report No. 119-22]
+
+_______________________________________________________________________
+
+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 concern in connection with illicit fentanyl
+and narcotics financing, and for other purposes.
+
+_______________________________________________________________________
+
+March 21, 2025
+
+Reported with an amendment, committed to the Committee of the Whole
+House on the State of the Union, and ordered to be printed
Cosponsors (9)
Members who signed on to support this bill.