H.R. 5877 - Combatting Money Laundering in Cyber Crime Act of 2025

OpenCongress is in beta. We'd love your feedback!Share feedback

Summary

The Combatting Money Laundering in Cyber Crime Act of 2025 proposes to give the U.S. Secret Service broader authority to investigate money laundering and "structuring," which is the practice of breaking up large cash transactions to avoid federal reporting requirements. By expanding these powers, the bill aims to help law enforcement better track and stop the flow of illegal funds used in cybercrimes and other digital threats.

The bill also seeks to strengthen partnerships between the government and financial institutions. It would extend requirements for the Financial Crimes Enforcement Network (FinCEN) to report on its information-sharing programs and encourage international efforts to prevent the financing of terrorism. Additionally, the Government Accountability Office (GAO) would be required to study how effectively law enforcement is using current laws to identify and deter money laundering in the digital age.

For everyday citizens, these changes are intended to enhance national security and financial integrity by making it harder for cybercriminals to hide their profits. If enacted, the bill would focus federal resources on modernizing financial oversight and ensuring that law enforcement agencies have the tools necessary to investigate complex digital financial crimes.

AI-generated summary

Lifecycle of the Bill

Committee Consideration and Mark-up Session Held

Jan 22, 2026

Ordered to be Reported (Amended) by the Yeas and Nays: 54 - 0.

Jan 22, 2026

HearingHouseMarkup

Jan 22, 2026 · 15:00

Various Measures

Committee

House Committee on Financial Services

View full hearing

Summary

On January 22, 2026, the House Committee on Financial Services held a markup session to consider nine separate bills addressing financial services and regulatory matters. The bills examined included H.R. 7128 (TRIA Program Reauthorization Act), H.R. 7056 (Community Bank Regulatory Tailoring Act), H.R. 1799 (Financial Reporting Threshold Modernization Act), H.R. 7127 (Restoring the Secondary Trading Market Act), H.R. 4171 (SEED Act of 2025), H.R. 7085 (conflict minerals disclosure repeal), H.R. 6967 (Public Company Advisory Committee Act), H.R. 5877 (Combatting Money Laundering in Cyber Crime Act), and H.Res. 1007. The most prominent bill was H.R. 7128, which would extend the Terrorism Risk Insurance Program (TRIA) through 2034 and modernize the federal certification process for terrorism events. The committee voted 51-2 to advance this measure, with bipartisan support emphasizing the need to maintain market stability ahead of TRIA's December 2027 expiration. H.R. 7056 would adjust regulatory thresholds for community and mid-size banks to account for economic growth, raising asset thresholds and indexing them to GDP every five years. H.R. 1799 would modernize financial reporting requirements by raising the Currency Transaction Report threshold from $10,000 to $30,000 and adjusting thresholds for suspicious activity reports, with periodic inflation adjustments. No formal witness testimony was recorded for this markup session. The committee advanced multiple bills addressing regulatory modernization, with particular focus on reducing compliance burdens for community banks and financial institutions while maintaining oversight of terrorism risk and financial crimes. A hearing markup does not guarantee bills will advance further in the legislative process.