HR 147 · in committee · significant
FinCEN Oversight and Accountability Act of 2025
- government reform
What this bill does
- The bill requires the Treasury Department to keep Congress informed about FinCEN's activities, unlawful conduct, and corrective actions.
- It affects FinCEN, Treasury officials, Congress, and small businesses required to report beneficial ownership information.
- Treasury must disclose all FinCEN governing documents to Congress and the public, testify annually about anti-money laundering programs, and host yearly small business guidance meetings.
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Community Threads
Started by Cosponsor
- 01
How might increased public disclosure of FinCEN's governing documents change compliance costs for small businesses required to report beneficial ownership information?
- 02
What specific types of FinCEN unlawful conduct should Congress prioritize investigating through these annual testimony requirements?
- 03
Could mandatory yearly small business guidance meetings improve compliance, or do they duplicate existing Treasury resources already available to companies?
Cosponsor writes these to seed civic discussion — they aren't user posts. Sign in to reply.
Sponsor · R-OH-8
Warren Davidson
Citizen cosponsors
0
In Congress
0/ 435
House Reps cosponsoring
Introduced 2025-01-03
Legislative timeline
2025-01-03 · house · IntroReferral
Referred to the House Committee on Financial Services.
2025-01-03 · IntroReferral
Introduced in House
2025-01-03 · IntroReferral
Introduced in House
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