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Secret Service Duties Shift to FBI: Financial Crime Focus

This act transfers key responsibilities of the Secret Service, such as investigating counterfeiting and financial fraud, to the Federal Bureau of Investigation (FBI). This means the FBI will now be the primary agency for these types of crimes, potentially impacting how investigations are conducted and improving effectiveness in combating fraud affecting citizens.
Key points
The FBI will take over responsibility for detecting and arresting individuals involved in counterfeiting currency, securities, and committing financial frauds, including those related to banks and electronic transfers.
The Secret Service will exclusively focus on protecting the President and other dignitaries, aiming to streamline its core protective duties.
The transfer of functions includes assets and personnel, with all ongoing proceedings and administrative actions remaining valid to ensure a smooth transition.
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Additional Information
Print number: 119_HR_56
Sponsor: Rep. Biggs, Andy [R-AZ-5]
Process start date: 2025-01-03