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Combating Financial Fraud: Protecting Citizens from Foreign Threats

This bill aims to protect citizens from foreign financial fraud. The government will be able to freeze assets of organizations attempting to defraud money and restrict their contact with US residents. This is intended to increase financial security and protect against loss of savings.
Key points
The government will identify and block foreign organizations that defraud US citizens.
Assets of fraudulent organizations can be frozen, and their internet and phone access restricted.
The bill aims to protect personal finances and data of citizens from foreign fraudsters.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_3523
Sponsor: Rep. Shreve, Jefferson [R-IN-6]
Process start date: 2025-05-20
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

To require the Secretary of the Treasury to designate certain covered organizations as Foreign Financial Threat Organizations, and for other purposes.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_3523.

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 2025-05-20.

What are the main provisions?

Key points include:

  • The government will identify and block foreign organizations that defraud US citizens.
  • Assets of fraudulent organizations can be frozen, and their internet and phone access restricted.
  • The bill aims to protect personal finances and data of citizens from foreign fraudsters.
What is the specific legal status?

The current status is Introduced.

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. Shreve, Jefferson [R-IN-6].

What is the latest detailed status?

The latest detailed status is: Introduced in House

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-22.

CATEGORIES

Security Courts and Law Economy