S. 1273

Summary

S. 1273, the Combatting Money Laundering in Cyber Crime Act of 2025, was introduced in the Senate on Apr 3, 2025 by Sen. Catherine Cortez Masto (D) with 1 co-sponsor. It was referred to Banking, Housing, And Urban Affairs, and last saw action on Apr 3, 2025: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Record

Text

S. 1273 has 1 co-sponsor.

116 S1273 IS: Combatting Money Laundering in Cyber Crime Act of 2025
 U.S. Senate
 2025-04-03
 text/xml
 EN
 Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
 II  119th CONGRESS  1st Session  S. 1273  IN THE SENATE OF THE UNITED STATES   April 3, 2025   Ms. Cortez Masto  (for herself and  Mr. Grassley ) introduced the following bill; which was read twice and referred to the  Committee on Banking, Housing, and Urban Affairs    A BILL
To strengthen the authority of the United States Secret Service to investigate various crimes related to digital asset transactions and to counter transnational cyber criminal activity, including unlicensed money transmitting businesses, structured transactions, and fraud against financial institutions, and for other purposes.
1.
Short title
This Act may be cited as the   Combatting Money Laundering in Cyber Crime Act of 2025  .
2.
Expansion of United States Secret Service investigative authorities
Section 3056(b) of title 18, United States Code, is amended—
(1)
in paragraph (1), by striking  or  after  871  and inserting  , or 1960  after  879 ; and
(2)
in paragraph (3)—
(A)
by inserting  money laundering, structured transactions,  after  documents or devices, ;
(B)
by striking  federally insured ; and
(C)
by inserting  , as defined in section 5312 of title 31  after  institution .
3.
FinCEN exchange
Section 310(d)(3)(A) of title 31, United States Code, is amended, in the matter preceding clause (i), by striking  5 years  and inserting  10 years .
4.
International financial institutions
Section 7125(b) of the Otto Warmbier North Korea Nuclear Sanctions and Enforcement Act of 2019 ( 22 U.S.C. 262p–13  note) is amended by striking  6  and inserting  10 .
5.
Report
(a)
In general
Not later than 1 year after the date of enactment of this Act, the Government Accountability Office shall conduct a study and submit to the appropriate committees of Congress a report on the implementation of section 6102 of the Anti-Money Laundering Act of 2020 (title LXI of division F of the William M. (Mac) Thornberry National Defense Authorization Act for Fiscal Year 2021 ( Public Law 116–283 ; 134 Stat. 4552)).
(b)
Focus
In conducting the study under subsection (a), the Government Accountability Office shall focus on evaluating the ability of law enforcement to identify and deter money laundering in cyber crimes.

Tracker

The tracker indicates the progress of this legislation as it moves through the legislative process.

CRS Summary

The summaries are the Congressional Research Service’s, one per stage. Read them in full.

Sponsors

Sen. Catherine Cortez Masto (D) sponsors S. 1273, and 1 member has co-sponsored it from the day it was introduced.

Catherine Cortez Masto

Sen. · D–NV · Sponsor

Introduced Apr 3, 2025

Chuck Grassley

Sen. · R–IA · Co-sponsor

Joined Apr 3, 2025 · Original

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Committees

S. 1273 went before 1 committee: Banking, Housing, and Urban Affairs.

Banking, Housing, and Urban Affairs

Banking, Housing, and Urban Affairs

Referred To · Apr 3, 2025 · 465 Bills

Actions

S. 1273 has taken 2 actions since Apr 3, 2025.

Votes

S. 1273 has not gone to a roll call.

Related bills

1 bill is related to S. 1273, as Identical bill.

HR 5877Combatting Money Laundering in Cyber Crime Act of 2025Apr 15, 2026 · Placed on the Union Calendar, Calendar No. 530. · Identical bill

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Titles

S. 1273 goes by 3 titles, 1 of them short titles.

• Combatting Money Laundering in Cyber Crime Act of 2025 — Display Title
• Combatting Money Laundering in Cyber Crime Act of 2025 — Short Title(s) as Introduced
• A bill to strengthen the authority of the United States Secret Service to investigate various crimes related to digital asset transactions and to counter transnational cyber criminal activity, including unlicensed money transmitting businesses, structured transactions, and fraud against financial institutions, and for other purposes. — Official Title as Introduced

Lobbying

3 clients hired 3 firms and 12 registered lobbyists who named S. 1273 in 12 quarterly filings, 2025. Reported under the Lobbying Disclosure Act; a filing’s income covers everything its registrant worked that quarter, so the amounts below are the filings’, not this bill’s.

Filed under Financial Institutions/Investments/Securities, Taxation/Internal Revenue Code, Banking, Homeland Security, Agriculture, Commodities (big ticket), Energy/Nuclear, Foreign Relations.

Clients

Who paid to be heard, by how many filings named the bill.

Firms

Registrants who filed on the bill, by filings.

Lobbyists

Named on the filings that cite the bill.

Filings

The documents themselves, on the Senate’s Lobbying Disclosure site, largest reported first.

Classification

The Congressional Research Service files S. 1273 under Crime and Law Enforcement, one of its 31 policy areas, and gives it 6 legislative subjects.

CRS Subjects

CRS assigns every bill one policy area from its 31; S. 1273’s is Crime and Law Enforcement.

Legislative Subjects

S. 1273 carries 6 of CRS’s legislative subjects, from Computers and information technology to Law enforcement administration and funding.

Source: congress.gov · legiscan.com