FinCEN Oversight and Accountability Act of 2025

# FinCEN Oversight and Accountability Act of 2025 Summary **What the bill does:** This bill would increase Congressional oversight of FinCEN (Financial Crimes Enforcement Network), a Treasury Department agency that combats money laundering and financial crimes. The main requirements include: having Treasury keep Congress regularly informed about FinCEN's activities and any unlawful conduct; releasing to the public the official documents that guide FinCEN's operations (with some confidential exceptions); extending Congressional testimony requirements about anti-money laundering programs for five more years; and establishing annual meetings between FinCEN and small business groups to explain beneficial ownership reporting rules. **Who it affects:** The bill primarily impacts Congress (which would gain more information and oversight power), the Treasury Department and FinCEN (which would face new reporting requirements), and small businesses (which would have more opportunities to understand their beneficial ownership reporting obligations).

The public would also benefit from greater transparency about how FinCEN operates. **Current status:** The bill was introduced by Rep. Warren Davidson (R-OH) in the 119th Congress and is currently in committee, meaning it has not yet been voted on by the full House.