FinCEN Oversight and Accountability Act of 2025

HR 147, the FinCEN Oversight and Accountability Act of 2025, enhances transparency and congressional oversight of the Financial Crimes Enforcement Network (FinCEN). It requires the Treasury Secretary to regularly report FinCEN activities and any unlawful actions to specific congressional committees, disclose certain internal directives (like those governing FinCEN's operations under the Bank Secrecy Act) to Congress and the public, and extend the FinCEN Director's testimony requirement to every 10 years. The bill also mandates annual small business working groups to discuss beneficial ownership reporting, though it specifies no new funding for this. This legislation directly affects FinCEN's operations, congressional oversight processes, and small businesses required to comply with reporting rules.