US HB5877

Expands U.S. Secret Service investigative authority to include violations of 18 U.S.C. § 1960 (unlicensed money transmitting businesses), money laundering, and structured transactions related to digital assets and cyber crime

Broadens Secret Service jurisdiction over fraud to cover all financial institutions as defined in 31 U.S.C. § 5312, removing the previous limitation to only federally insured institutions

Extends the FinCEN Exchange program authorization from 5 years to 10 years, allowing continued information sharing between law enforcement and financial institutions

Extends reporting requirements under the Otto Warmbier North Korea Nuclear Sanctions and Enforcement Act of 2019 from 6 years to 10 years regarding international financial institutions

Requires the Government Accountability Office to submit a report to Congress within 1 year evaluating implementation of the Anti-Money Laundering Act of 2020, focusing on law enforcement's ability to identify and deter money laundering in cyber crimes