National Security, Illicit Finance, and International Financial Institutions

The Subcommittee on National Security, Illicit Finance, and International Financial Institutions is a specialized panel of the House Committee on Financial Services. It operates as a subdivision of the full committee, holding initial hearings and reviewing legislation on a narrower set of issues before matters can be reported to the full House floor.

This subcommittee focuses on protecting the U.S. financial system from threats including money laundering, terrorist financing, sanctions evasion, and other illicit activities. Its jurisdiction covers multilateral development institutions such as the World Bank, international trade and finance matters including the International Monetary Fund and Export-Import Bank, and oversight of the Financial Crimes Enforcement Network (FinCEN). The subcommittee also examines how digital assets and emerging financial technologies can be misused by criminal and hostile actors.

Chairman Warren Davidson (R-Ohio) leads the subcommittee for the 119th Congress, with Congresswoman Joyce Beatty (D-Ohio) serving as Ranking Member. The subcommittee has held recent hearings examining FinCEN's efforts to combat illicit opioid trafficking, money laundering networks, and sanctions enforcement. It has also reviewed the role of international financial institutions in addressing economic competition and national security challenges.