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Transfer of Financial Crime Duties from Secret Service to FBI

The Act transfers the assets, functions, and obligations of the Secret Service regarding the detection of counterfeiting, electronic fund transfer frauds, access device frauds, and false identification documents to the Federal Bureau of Investigation (FBI). The Act also amends the Secret Service's authority, authorizing it to detect and arrest persons violating laws regarding threats against the President and other protected officials.
Key points
The FBI assumes responsibility for detecting and arresting individuals violating laws relating to coins, securities, and identification documents.
Functions regarding electronic fund transfer frauds and access device frauds are transferred to the FBI.
The Secret Service's arrest authority is legally revised to focus on violations regarding threats against protected individuals (under sections 871 and 879 of title 18, United States Code).
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Additional Information
Print number: 118_HR_10284
Sponsor: Rep. Biggs, Andy [R-AZ-5]
Process start date: 2024-12-04