HR. 147In Committee
FinCEN Oversight and Accountability Act of 2025
Requires Treasury to increase congressional and public oversight of FinCEN activities, governing documents, anti money laundering testimony, and beneficial ownership guidance
Plain-English overview
What this bill does
Requires Treasury to increase congressional and public oversight of FinCEN activities, governing documents, anti money laundering testimony, and beneficial ownership guidance
Key points
- Require FinCEN activity reporting
- Require disclosure of controlling documents
- Require annual small business working group
- Extend Treasury testimony period
Current status
Where it stands
Status
In Committee
Latest action
2025-01-03 — Referred to the House Committee on Financial Services.
Related context
Topics and policy areas
undefinedCongressional oversightCongressional-executive branch relationsFinance and Financial SectorFraud offenses and financial crimesGovernment ethics and transparency, public corruptionGovernment information and archivesGovernment studies and investigations