To require the Secretary of the Treasury to designate certain covered organizations as Foreign Financial Threat Organizations, and for other purposes.
In committee: it can still change before the session ends.
- Stage
- In committee
- Started in
- House
- Sponsors
- 5
- Latest action
- May 20, 2025
What it does
HR.3523 would require the Secretary of the Treasury to designate certain foreign organizations engaged in fraud targeting U.S. citizens or lawful permanent residents as Foreign Financial Threat Organizations, triggering asset freezes, restrictions on contact with U.S. persons, and cybersecurity protections. The bill mandates notification to congressional leaders before designation, publication in the Federal Register, and biennial reporting on designated organizations, seized assets, enforcement actions, and funds returned to victims. Covered organizations are defined as foreign entities involved in deceptive schemes to obtain cash or assets from U.S. persons, as jointly determined by the…
No official summary is available here. This one was written by AI from the bill’s text.
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
Where it goes next
While a bill can still move, the questions are about people and money.