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                     118TH CONGRESS                                       REPT. 118-590
                        2d Session     HOUSE   OF  REPRESENTATIVES            Part 1







                     COMBATING MONEY LAUNDERING IN CYBER CRIME ACT
                                                   OF  2024




                      JULY 18, 2024.-Committed to the Committee of the Whole House on the State of
                                          the Union ordered to be printed




                         Mr.  McHENRY,   from  the Committee  on  Financial Services,
                                           submitted  the following



                                              REPORT


                                            [To accompany H.R. 7156]

                               [Including cost estimate of the Congressional Budget Office]

                       The  Committee  on  Financial Services, to whom  was  referred the
                     bill (H.R. 7156)  to expand   the  investigative authorities  of the
                     United  States Secret Service, and  for other purposes,  having con-
                     sidered the  same, reports  favorably thereon  with  an  amendment
                     and recommends   that the bill as amended  do pass.

                                                  CONTENTS

                                                                                      Page
                     Purpose and Sum m ary  ............................................................................................  2
                     Background and Need for  Legislation  ....................................................................  2
                     R elated  H earings  .....................................................................................................  3
                     Com m ittee  Consideration  ........................................................................................  3
                     C om m ittee  V otes  .....................................................................................................  3
                     Com m ittee  Oversight Findings  ...............................................................................  5
                     Perform ance  Goals  and  Objectives  .........................................................................  5
                     Congressional Budget Office   Estimates  .................................................................  5
                     New Budget Authority, Entitlement Authority, and Tax Expenditures .............       6
                     Federal M andates  Statem  ent  .................................................................................  6
                     Advisory Com m ittee  Statem ent  ..............................................................................  7
                     Applicability  to  Legislative  Branch  ........................................................................  7
                     Earm ark Identification  ............................................................................................  7
                     Duplication of Federal Program s  ............................................................................  7
                     Section-by-Section  Analysis of the  Legislation  ......................................................  7
                     Changes in Existing Law Made by the Bill, as Reported ................. 8
                     D ischarge  L etters  .....................................................................................................  23

                       The amendment is   as follows:
                       Strike all after the enacting clause and insert the following:


49-006

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