To enhance financial oversight of commercial wire transfer companies and prevent illicit money transfers by criminal organizations, and for other purposes.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
This bill, To enhance financial oversight of commercial wire transfer companies and prevent illicit money transfers by criminal organizations, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers. The main policy domain is Finance, Criminal Justice, Government Operations.
Who Benefits and How
financial institutions, investors, and borrowers may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.
Who Bears the Burden and How
federal implementing agencies, financial institutions, investors, and borrowers may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.
Key Provisions
- Section HBED636A23EE54E0BA3BB70F38784A736: 1. Short title This Act may be cited as the Financial Integrity for National Security Act or the FINS Act.
- Section H10D07C8AEE8E45AA80783BD90E059596: 2. Findings The Congress finds the following: International criminal organizations, including cartels and terrorist groups, exploit unregulated commercial wire...
- Section HDED2C27C0703454F8060604FEC99B5FD: 3. Requirements for wire transfer service providers Section 5312(a) of title 31, United States code is amended— in paragraph (2)— by redesignating...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
This bill, To enhance financial oversight of commercial wire transfer companies and prevent illicit money transfers by criminal organizations, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Key Policy Areas
Finance, Criminal Justice, Government Operations
Primary Purpose
This bill, To enhance financial oversight of commercial wire transfer companies and prevent illicit money transfers by criminal organizations, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Policy Domains
Whole bill
Identified Gains
- financial institutions, investors, and borrowers
Identified Costs
- federal implementing agencies
- financial institutions, investors, and borrowers
Sponsors
Legislative Progress
IntroducedMr. Harrigan introduced the following bill; which was referred to …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "secretary_of_treasury"
- → Secretary of the Treasury
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology