S. 1273: Combatting Money Laundering in Cyber Crime Act of 2025
A Senate bill (S.) in the 119th U.S. Congress.
Overview
| Congress | 119th U.S. Congress (2025–2026) |
|---|---|
| Type | Senate bill (S.) |
| Originating chamber | Senate |
| Introduced | 2025-04-03 |
| Sponsor | Sen. Cortez Masto, Catherine [D-NV] |
| Policy area | Crime and Law Enforcement |
| Cosponsors | 1 |
| Latest action | 2025-04-03 — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. |
| Last updated | 2026-07-23 |
Summary
Official summary (Introduced in Senate, 2025-04-03):
Combatting Money Laundering in Cyber Crime Act of 2025
This bill expands the investigative authority of the U.S. Secret Service, extends reporting requirements related to public-private information sharing, and requires the Government Accountability Office (GAO) to evaluate existing requirements to combat money laundering and related crimes.
Specifically, the bill authorizes the Secret Service to investigate money laundering and structured transactions (i.e., structuring currency transactions to evade currency reporting requirements).
Additionally, the bill extends the requirement for the Financial Crimes Enforcement Network (FinCEN) to report on the efforts of the FinCEN Exchange. The FinCEN Exchange is a voluntary public-private information sharing partnership among law enforcement agencies, national security agencies, financial institutions, and FinCEN to combat money laundering and related crimes, including the financing of terrorism.
The bill also extends the requirement for the U.S. executive director at the International Monetary Fund to support the increased use of the fund's administrative budget to help members prevent money laundering and the financing of terrorism. The requirement expires on December 20, 2025.
Finally, the bill directs the GAO to report on implementation of provisions of the Anti-Money Laundering Act of 2020 that expanded information sharing with tribal authorities and expanded reporting requirements related to money laundering and terrorist financing. The GAO must focus on evaluating the ability of law enforcement to identify and deter money laundering in cybercrimes.
Cosponsors (1)
| Name | Party / state |
|---|---|
| Chuck Grassley | R IA (original cosponsor) 2025-04-03 |
Full text & official record
The official bill text, section-by-section summary, amendments, committee reports, and the complete legislative timeline for S. 1273 are published by Congress on congress.gov.
View S. 1273 on congress.gov →
Frequently asked questions
What is S. 1273?
S. 1273 is a Senate bill (S.) introduced in the 119th U.S. Congress, originating in the Senate. Official title: Combatting Money Laundering in Cyber Crime Act of 2025.
Where can I read the full bill text?
The full text, cosponsors, amendments, and legislative status for S. 1273 are available on congress.gov.
Bill data: congress.gov API (official congressional records).