H.R. 147, titled the “FinCEN Oversight and Accountability Act of 2025,” aims to enhance the oversight and transparency of the Financial Crimes Enforcement Network (FinCEN). The bill mandates the Secretary of the Treasury to keep Congress informed about FinCEN's activities and...
Simple Explanation
H.R. 147 is about making sure a special team in the government, called FinCEN, which watches out for money crime, tells the big bosses what they're doing. It also wants them to share some papers with everyone, and there's a new rule to talk more with small businesses too.