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Limiting Financial Crime Fighting Funds for 2024

This bill proposes to limit the financial resources for a government agency dedicated to combating financial crimes like money laundering and terrorist financing. This means that for the 2024 fiscal year, this agency will have less money available for its operations, which could impact its effectiveness in protecting citizens from fraud and illegal transactions.
Key points
The bill sets a maximum spending limit for the FinCEN network at $117.8 million for the 2024 fiscal year.
Reduced funding might affect the agency's ability to track and prevent financial crimes, indirectly impacting citizens' financial security.
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Expired
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Additional Information
Print number: 118_HR_2055
Sponsor: Rep. Biggs, Andy [R-AZ-5]
Process start date: 2023-03-29
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

To provide for a limitation on availability of funds for Department of Treasury, Financial Crimes Enforcement Network, Salaries and Expenses for fiscal year 2024.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_2055.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2023-03-29.

What are the main provisions?

Key points include:

  • The bill sets a maximum spending limit for the FinCEN network at $117.8 million for the 2024 fiscal year.
  • Reduced funding might affect the agency's ability to track and prevent financial crimes, indirectly impacting citizens' financial security.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Biggs, Andy [R-AZ-5].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-24.

CATEGORIES

Economy Security