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H.R. 1577: Stop Fentanyl Money Laundering Act of 2025

This bill, known as the Stop Fentanyl Money Laundering Act of 2025, aims to provide the U.S. Secretary of the Treasury with enhanced authority to combat money laundering activities connected to illicit fentanyl and narcotics financing, particularly involving foreign entities.

Key Provisions

  • Authority to Act Against Foreign Financial Institutions: The Secretary of the Treasury can determine if certain financial institutions or transactions outside the U.S. are primary concerns for money laundering related to fentanyl and narcotics. Upon such determination, the Secretary has the authority to impose special measures on U.S. financial institutions regarding these foreign entities.
  • Use of Classified Information: If the decisions to impose these measures are based on classified information, the Secretary can present this information to courts without making it public.
  • Guidelines for Reporting: The Financial Crimes Enforcement Network (FinCEN) is required to update and issue new guidance to U.S. financial institutions on how to recognize and report money laundering schemes tied to fentanyl trafficking, focusing particularly on operations linked to China.
  • Suspicious Transactions Reporting: FinCEN must also provide guidelines for U.S. financial institutions for reporting suspicious transactions that may involve narcotics trafficking by transnational criminal organizations.
  • Prioritization of Narcotics-Related Reports: Reports connected to narcotics trafficking will be prioritized for further investigation by FinCEN.
  • Briefing Congress: A briefing must be delivered to relevant Congressional committees within a year of the bill's enactment regarding the effectiveness of the guidance provided to combat narcotics-related financial crimes.

Penalties and Enforcement

The bill establishes penalties for violating any orders or requirements imposed under its provisions. The Secretary of the Treasury can also initiate civil actions to enforce compliance with these regulations.

Implementation Timeline

  • FinCEN must update its advisory within one year of the bill's enactment.
  • Guidelines for suspicious transaction reporting must be provided within 180 days of enactment.
  • A briefing to Congress regarding the issued guidelines is required within one year.

Definitions

Terms such as “domestic financial institution” and “financial agency” are defined in relation to existing laws to clarify their meaning within the context of this legislation.

Relevant Companies

  • JPM - JPMorgan Chase & Co.: As a major U.S. bank, it may be required to adapt its compliance and reporting practices to adhere to the new regulatory measures that could arise from this bill.
  • BAC - Bank of America Corp.: Similar to JPMorgan, it may face operational changes in how it handles accounts related to foreign entities involved in narcotics financing.
  • C - Citigroup Inc.: This global financial institution could see changes in regulatory obligations regarding foreign transactions related to money laundering concerns.

This is an AI-generated summary of the bill text. There may be mistakes.

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Sponsors

10 bill sponsors

Actions

6 actions

Date Action
Mar. 21, 2025 Placed on the Union Calendar, Calendar No. 12.
Mar. 21, 2025 Reported (Amended) by the Committee on Financial Services. H. Rept. 119-22.
Mar. 05, 2025 Committee Consideration and Mark-up Session Held
Mar. 05, 2025 Ordered to be Reported (Amended) by the Yeas and Nays: 49 - 0.
Feb. 25, 2025 Introduced in House
Feb. 25, 2025 Referred to the House Committee on Financial Services.

Corporate Lobbying

0 companies lobbying

None found.

* Note that there can be significant delays in lobbying disclosures, and our data may be incomplete.

Potentially Relevant Congressional Stock Trades

Estimated excess return of the underlying stock since the transaction
Politician Stock Transaction Filed Traded
Congress pfp
Marjorie Taylor Greene R / House
JPM logo
JPM JP MORGAN CHASE & CO. COMMON STOCK
Purchase $1,001 - $15,000
Apr 11, 2025 Apr 08, 2025 +2.31%
Congress pfp
Marjorie Taylor Greene R / House
JPM logo
JPM JP MORGAN CHASE & CO. COMMON STOCK
Purchase $1,001 - $15,000
Apr 07, 2025 Apr 04, 2025 +7.91%
Congress pfp
Greg Landsman D / House
JPM logo
JPM JP MORGAN CHASE & CO. COMMON STOCK
Sale $15,001 - $50,000
Apr 08, 2025 Mar 27, 2025 +1.77%
Congress pfp
George Whitesides D / House
JPM logo
JPM STOCK, COMPANY-SPECIFIC HOLDINGS INTO PASSIVE ETFS AND MUTUAL FUNDS, PER BEST PRACTICES. C�������: TO AVOID ANY POSSIBLE CONFLICTS OF INTEREST WITH MY FUTURE CONGRESSIONAL WORK, I’M TRANSITIONING MY SINGLE STOCK, COMPANY-SPECIFIC HOLDINGS INTO PASSIVE ETFS AND MUTUAL FUNDS, PER BEST PRACTICES. JP MORGAN CHASE & CO. COMMON STOCK
Sale $50,001 - $100,000
Apr 23, 2025 Mar 24, 2025 +3.29%
Congress pfp
George Whitesides D / House
BAC logo
BAC STOCK, COMPANY-SPECIFIC HOLDINGS INTO PASSIVE ETFS AND MUTUAL FUNDS, PER BEST PRACTICES. C�������: TO AVOID ANY POSSIBLE CONFLICTS OF INTEREST WITH MY FUTURE CONGRESSIONAL WORK, I’M TRANSITIONING MY SINGLE STOCK, COMPANY-SPECIFIC HOLDINGS INTO PASSIVE ETFS AND MUTUAL FUNDS, PER BEST PRACTICES. BANK OF AMERICA CORPORATION COMMON STOCK
Sale $15,001 - $50,000
Apr 23, 2025 Mar 24, 2025 -3.13%
Congress pfp
George Whitesides D / House
C logo
C STOCK, COMPANY-SPECIFIC HOLDINGS INTO PASSIVE ETFS AND MUTUAL FUNDS, PER BEST PRACTICES. C�������: TO AVOID ANY POSSIBLE CONFLICTS OF INTEREST WITH MY FUTURE CONGRESSIONAL WORK, I’M TRANSITIONING MY SINGLE STOCK, COMPANY-SPECIFIC HOLDINGS INTO PASSIVE ETFS AND MUTUAL FUNDS, PER BEST PRACTICES. CITIGROUP, INC. COMMON STOCK
Sale $15,001 - $50,000
Apr 23, 2025 Mar 24, 2025 -2.83%
Congress pfp
Byron Donalds R / House
JPM logo
JPM JP MORGAN CHASE & CO. COMMON STOCK
Sale $1,001 - $15,000
Apr 14, 2025 Mar 20, 2025 +5.31%
Congress pfp
Byron Donalds R / House
JPM logo
JPM JP MORGAN CHASE & CO. COMMON STOCK
Sale $1,001 - $15,000
Apr 14, 2025 Mar 20, 2025 +5.31%
Congress pfp
Jefferson Shreve R / House
JPM logo
JPM JP MORGAN CHASE & CO. COMMON STOCK
Sale $15,001 - $50,000
Apr 11, 2025 Mar 13, 2025 +9.08%
Congress pfp
David Taylor R / House
JPM logo
JPM JP MORGAN CHASE & CO. COMMON STOCK
Purchase $1,001 - $15,000
Apr 03, 2025 Mar 10, 2025 +7.43%
Congress pfp
Bruce Westerman R / House
JPM logo
JPM JP MORGAN CHASE & CO. COMMON STOCK
Purchase $1,001 - $15,000
Apr 16, 2025 Mar 03, 2025 -0.11%
Congress pfp
Bruce Westerman R / House
BAC logo
BAC BANK OF AMERICA CORPORATION COMMON STOCK
Purchase $1,001 - $15,000
Apr 16, 2025 Mar 03, 2025 -6.82%
Congress pfp
Bruce Westerman R / House
C logo
C CITIGROUP, INC. COMMON STOCK
Purchase $1,001 - $15,000
Apr 16, 2025 Mar 03, 2025 -5.24%
Congress pfp
John Boozman R / Senate
BAC logo
BAC Bank of America Corp
Sale (Partial) $1,001 - $15,000
Mar 06, 2025 Feb 05, 2025 -6.52%
Congress pfp
John Boozman R / Senate
JPM logo
JPM JP Morgan Chase & Company
Sale (Partial) $1,001 - $15,000
Mar 06, 2025 Feb 05, 2025 -0.35%
Congress pfp
David Taylor R / House
JPM logo
JPM JP MORGAN CHASE & CO. COMMON STOCK
Sale $1,001 - $15,000
Apr 03, 2025 Jan 30, 2025 +0.49%
Congress pfp
Shelley Moore Capito R / Senate
JPM logo
JPM JP Morgan Chase & Company
Sale (Partial) $1,001 - $15,000
Feb 13, 2025 Jan 17, 2025 +2.55%
Congress pfp
Marjorie Taylor Greene R / House
JPM logo
JPM JP MORGAN CHASE & CO. COMMON STOCK
Purchase $1,001 - $15,000
Jan 27, 2025 Jan 08, 2025 +7.51%
Congress pfp
Marjorie Taylor Greene R / House
JPM logo
JPM JP MORGAN CHASE & CO. COMMON STOCK
Purchase $1,001 - $15,000
Jan 27, 2025 Jan 08, 2025 +7.51%
Congress pfp
Marjorie Taylor Greene R / House
JPM logo
JPM JP MORGAN CHASE & CO. COMMON STOCK
Purchase $1,001 - $15,000
Jan 27, 2025 Jan 08, 2025 +7.51%
Congress pfp
Marjorie Taylor Greene R / House
JPM logo
JPM JP MORGAN CHASE & CO. COMMON STOCK
Purchase $1,001 - $15,000
Jan 27, 2025 Jan 08, 2025 +7.51%
Congress pfp
Marjorie Taylor Greene R / House
JPM logo
JPM JP MORGAN CHASE & CO. COMMON STOCK
Purchase $1,001 - $15,000
Nov 27, 2024 Nov 25, 2024 +5.84%
Congress pfp
Michael T. McCaul R / House
C logo
C CITIGROUP INC COM NEW
Purchase $50,001 - $100,000
Dec 16, 2024 Nov 19, 2024 +6.79%
Congress pfp
Michael T. McCaul R / House
C logo
C CITIGROUP INC COM NEW
Purchase $1,001 - $15,000
Dec 16, 2024 Nov 19, 2024 +6.79%
Congress pfp
Jared Moskowitz D / House
JPM logo
JPM JP MORGAN CHASE & CO. COMMON STOCK
Purchase $1,001 - $15,000
Dec 09, 2024 Nov 08, 2024 +11.42%
Congress pfp
Marjorie Taylor Greene R / House
JPM logo
JPM JP MORGAN CHASE & CO. COMMON STOCK
Purchase $1,001 - $15,000
Oct 08, 2024 Oct 04, 2024 +19.91%
Congress pfp
Laurel M. Lee R / House
JPM logo
JPM JP MORGAN CHASE & CO. COMMON STOCK
Purchase $50,001 - $100,000
Sep 14, 2024 Sep 10, 2024 +18.86%
Congress pfp
John James R / House
BAC logo
BAC BANK OF AMERICA CORPORATION COMMON STOCK
Sale $1,001 - $15,000
Sep 06, 2024 Sep 04, 2024 -1.64%
Congress pfp
John James R / House
JPM logo
JPM JP MORGAN CHASE & CO. COMMON STOCK
Sale $1,001 - $15,000
Sep 06, 2024 Sep 04, 2024 +11.82%
Congress pfp
Scott Franklin R / House
JPM logo
JPM JP MORGAN CHASE & CO. COMMON STOCK
Sale $15,001 - $50,000
Aug 20, 2024 Aug 06, 2024 +16.89%
Congress pfp
Scott Franklin R / House
JPM logo
JPM JP MORGAN CHASE & CO. COMMON STOCK
Sale $1,001 - $15,000
Aug 20, 2024 Aug 01, 2024 +16.44%
Congress pfp
Marjorie Taylor Greene R / House
JPM logo
JPM JP MORGAN CHASE & CO. COMMON STOCK
Purchase $1,001 - $15,000
Jul 24, 2024 Jul 23, 2024 +17.08%
Congress pfp
Shelley Moore Capito R / Senate
C logo
C Citigroup Inc
Sale (Partial) $1,001 - $15,000
Aug 11, 2024 Jul 17, 2024 +2.66%
Congress pfp
Jared Moskowitz D / House
JPM logo
JPM JP MORGAN CHASE & CO. COMMON STOCK
Purchase $1,001 - $15,000
Aug 06, 2024 Jul 05, 2024 +20.39%
Congress pfp
Jared Moskowitz D / House
JPM logo
JPM JP MORGAN CHASE & CO. COMMON STOCK
Purchase $1,001 - $15,000
Aug 19, 2024 Jul 05, 2024 +20.39%
Congress pfp
Jared Moskowitz D / House
JPM logo
JPM JP MORGAN CHASE & CO. COMMON STOCK
Purchase $1,001 - $15,000
Aug 06, 2024 Jul 01, 2024 +18.33%
Congress pfp
Kevin Hern R / House
JPM logo
JPM JP MORGAN CHASE & CO. COMMON STOCK
Purchase $1,001 - $15,000
May 12, 2024 Apr 30, 2024 +18.15%
Congress pfp
Jonathan L. Jackson D / House
JPM logo
JPM JP MORGAN CHASE & CO. COMMON STOCK
Purchase $15,001 - $50,000
May 07, 2024 Apr 24, 2024 +17.99%
Congress pfp
Shelley Moore Capito R / Senate
JPM logo
JPM JP Morgan Chase & Company
Sale (Partial) $1,001 - $15,000
May 13, 2024 Apr 23, 2024 +18.68%
Congress pfp
Tommy Tuberville R / Senate
JPM logo
JPM JP Morgan Chase & Co. Common Stock
Sale (Full) $1,001 - $15,000
Apr 15, 2024 Mar 12, 2024 +22.53%
Congress pfp
Kevin Hern R / House
JPM logo
JPM JP MORGAN CHASE & CO. COMMON STOCK
Purchase $1,001 - $15,000
Feb 11, 2024 Jan 31, 2024 +26.49%
Congress pfp
Kathy E. Manning D / House
JPM logo
JPM JP MORGAN CHASE & CO.
Sale $1,001 - $15,000
Feb 06, 2024 Jan 23, 2024 +31.38%
Congress pfp
Kathy E. Manning D / House
JPM logo
JPM JP MORGAN CHASE & CO.
Sale $1,001 - $15,000
Feb 06, 2024 Jan 23, 2024 +31.38%
Congress pfp
Blake D. Moore R / House
BAC logo
BAC BANK OF AMERICA CORPORATION
Sale $1,001 - $15,000
Jan 24, 2024 Jan 19, 2024 +9.33%
Congress pfp
Blake D. Moore R / House
BAC logo
BAC BANK OF AMERICA CORPORATION
Sale $1,001 - $15,000
Jan 24, 2024 Jan 19, 2024 +9.33%
Congress pfp
Shelley Moore Capito R / Senate
JPM logo
JPM JP Morgan Chase & Company
Sale (Partial) $1,001 - $15,000
Jan 12, 2024 Dec 19, 2023 +29.93%
Congress pfp
Jerry Moran R / Senate
BAC logo
BAC Bank of America Corp
Sale (Full) $1,001 - $15,000
Jan 17, 2024 Dec 14, 2023 +0.63%
Congress pfp
Jerry Moran R / Senate
BAC logo
BAC Bank of America Corp
Sale (Full) $1,001 - $15,000
Jan 17, 2024 Dec 14, 2023 +0.63%
Congress pfp
John R. Curtis R / House
JPM logo
JPM JP MORGAN CHASE & CO.
Sale $1,001 - $15,000
Dec 15, 2023 Dec 04, 2023 +34.47%
Congress pfp
John James R / House
JPM logo
JPM JP MORGAN CHASE & CO. COMMON STOCK
Purchase $1,001 - $15,000
Sep 02, 2024 Nov 10, 2023 +42.24%
Congress pfp
John James R / House
BAC logo
BAC BANK OF AMERICA CORPORATION COMMON STOCK
Purchase $1,001 - $15,000
Sep 02, 2024 Nov 10, 2023 +18.69%
Congress pfp
Kevin Hern R / House
JPM logo
JPM JP MORGAN CHASE & CO.
Purchase $1,001 - $15,000
Nov 17, 2023 Oct 31, 2023 +44.37%
Congress pfp
Greg Stanton D / House
BAC logo
BAC BANK OF AMERICA CORPORATION
Sale $1,001 - $15,000
Nov 09, 2023 Oct 24, 2023 +26.09%
Congress pfp
Greg Stanton D / House
JPM logo
JPM JP MORGAN CHASE & CO.
Sale $1,001 - $15,000
Nov 09, 2023 Oct 24, 2023 +43.44%
Congress pfp
Greg Stanton D / House
C logo
C CITIGROUP, INC.
Sale $1,001 - $15,000
Nov 09, 2023 Oct 24, 2023 +46.00%
Congress pfp
Markwayne Mullin R / Senate
JPM logo
JPM JP Morgan Chase & Co. Common Stock
Purchase $1,001 - $15,000
Nov 01, 2023 Oct 03, 2023 +40.98%
Congress pfp
Robert J. Wittman R / House
JPM logo
JPM JP MORGAN CHASE & CO.
Sale $1,001 - $15,000
Oct 19, 2023 Sep 28, 2023 +37.39%
Congress pfp
Greg Stanton D / House
JPM logo
JPM JP MORGAN CHASE & CO.
Purchase $1,001 - $15,000
Nov 09, 2023 Sep 26, 2023 +40.13%
Congress pfp
Greg Stanton D / House
C logo
C CITIGROUP, INC.
Purchase $1,001 - $15,000
Nov 09, 2023 Sep 26, 2023 +41.56%
Congress pfp
Greg Stanton D / House
BAC logo
BAC BANK OF AMERICA CORPORATION
Purchase $1,001 - $15,000
Nov 09, 2023 Sep 26, 2023 +17.55%
Congress pfp
Sheldon Whitehouse D / Senate
C logo
C Citigroup Inc
Sale (Full) $1,001 - $15,000
Oct 17, 2023 Sep 20, 2023 +36.95%
Congress pfp
Markwayne Mullin R / Senate
JPM logo
JPM JP Morgan Chase & Co. Common Stock
Purchase $15,001 - $50,000
Oct 12, 2023 Sep 13, 2023 +43.92%
Congress pfp
Scott Franklin R / House
JPM logo
JPM JP MORGAN CHASE & CO.
Sale $15,001 - $50,000
Oct 12, 2023 Sep 11, 2023 +46.68%
Congress pfp
Lois Frankel D / House
C logo
C CITIGROUP, INC.
Sale $1,001 - $15,000
Oct 10, 2023 Sep 08, 2023 +45.21%
Congress pfp
Lois Frankel D / House
JPM logo
JPM JP MORGAN CHASE & CO.
Sale $15,001 - $50,000
Oct 10, 2023 Sep 08, 2023 +46.61%
Congress pfp
Dan Sullivan R / Senate
JPM logo
JPM JP Morgan Chase & Company
Sale (Full) $1,001 - $15,000
Sep 18, 2023 Aug 22, 2023 +41.60%
Congress pfp
Michael Guest R / House
JPM logo
JPM JP MORGAN CHASE & CO.
Purchase $1,001 - $15,000
Aug 23, 2023 Aug 07, 2023 +34.04%
Congress pfp
Kevin Hern R / House
JPM logo
JPM JP MORGAN CHASE & CO.
Purchase $1,001 - $15,000
Aug 16, 2023 Jul 31, 2023 +34.76%
Congress pfp
Jared Moskowitz D / House
C logo
C CITIGROUP, INC. COMMON STOCK
Sale $15,001 - $50,000
Aug 21, 2024 Jul 14, 2023 +27.28%
Congress pfp
David P. Joyce R / House
C logo
C CITIGROUP, INC.
Sale $1,001 - $15,000
Aug 06, 2024 Jun 22, 2023 +21.40%
Congress pfp
Lois Frankel D / House
JPM logo
JPM JP MORGAN CHASE & CO.
Sale $1,001 - $15,000
Jun 24, 2023 Jun 14, 2023 +47.03%
Congress pfp
Robert J. Wittman R / House
JPM logo
JPM JP MORGAN CHASE & CO.
Purchase $1,001 - $15,000
Jun 09, 2023 May 30, 2023 +47.02%
Congress pfp
Zoe Lofgren D / House
C logo
C CITIGROUP, INC.
Sale $1,001 - $15,000
Jun 06, 2023 May 26, 2023 +22.63%
Congress pfp
Zoe Lofgren D / House
BAC logo
BAC BANK OF AMERICA CORPORATION
Sale $15,001 - $50,000
Jun 06, 2023 May 26, 2023 +9.41%
Congress pfp
Zoe Lofgren D / House
BAC logo
BAC BANK OF AMERICA CORPORATION
Sale $1,001 - $15,000
Jun 06, 2023 May 25, 2023 +8.41%
Congress pfp
Zoe Lofgren D / House
JPM logo
JPM JP MORGAN CHASE & CO.
Sale $1,001 - $15,000
Jun 06, 2023 May 25, 2023 +47.63%
Congress pfp
Shelley Moore Capito R / Senate
C logo
C Citigroup, Inc. Common Stock
Sale (Partial) $1,001 - $15,000
Jun 14, 2023 May 10, 2023 +14.51%
Congress pfp
Kathy E. Manning D / House
JPM logo
JPM JP MORGAN CHASE & CO.
Sale $1,001 - $15,000
May 19, 2023 Apr 28, 2023 +44.68%
Congress pfp
Kathy E. Manning D / House
JPM logo
JPM JP MORGAN CHASE & CO.
Sale $1,001 - $15,000
May 19, 2023 Apr 28, 2023 +44.68%
Congress pfp
Kevin Hern R / House
JPM logo
JPM JP MORGAN CHASE & CO.
Purchase $1,001 - $15,000
May 11, 2023 Apr 28, 2023 +44.68%