Combating Money Laundering in Cyber Crime Act of 2024

[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 7156 Introduced in House (IH)]

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118th CONGRESS
  2d Session
                                H. R. 7156

  To expand the investigative authorities of the United States Secret 
                    Service, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            January 31, 2024

Mr. Fitzgerald (for himself, Mr. Meeks, Mr. Nunn of Iowa, and Ms. Dean 
 of Pennsylvania) introduced the following bill; which was referred to 
 the Committee on Financial Services, and in addition to the Committee 
  on the Judiciary, for a period to be subsequently determined by the 
  Speaker, in each case for consideration of such provisions as fall 
           within the jurisdiction of the committee concerned

_______________________________________________________________________

                                 A BILL


 
  To expand the investigative authorities of the United States Secret 
                    Service, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Combating Money Laundering in Cyber 
Crime Act of 2024''.

SEC. 2. EXPANSION OF UNITED STATES SECRET SERVICES INVESTIGATIVE 
              AUTHORITIES.

    Section 3056(b) of title 18, United States Code, is amended--
            (1) in paragraph (1), by striking ``or 879'' and inserting 
        ``879, or 1960''; and
            (2) in paragraph (2), by striking ``or'' at the end;
            (3) in paragraph (3)--
                    (A) by striking ``federally insured'';
                    (B) by inserting ``(as such term is defined in 
                section 5312 of title 31)'' after ``institution''; and
                    (C) by striking the period at the end and inserting 
                ``; or''; and
            (4) by adding at the end the following:
            ``(4) section 5324 of title 31, except that the authority 
        conferred by this paragraph shall be exercised subject to the 
        agreement of the Attorney General and the Secretary of Homeland 
        Security and shall not affect the authority of any other 
        Federal law enforcement agency with respect to those laws.''.

SEC. 3. FINCEN EXCHANGE.

    Section 310(d)(3)(A) of title 31, United States Code, is amended by 
striking ``next 5 years'' and inserting ``next 10 years''.

SEC. 4. INTERNATIONAL FINANCIAL INSTITUTIONS.

    Section 7125(b) of division F of the National Defense Authorization 
Act for Fiscal Year 2020 (22 U.S.C. 262p-13 note; Public Law 116-92) is 
amended by striking ``5'' and inserting ``10''.
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