# 117-hr-7623: Financial Crimes Enforcement Network Improvements Act

117-hr-7623, Financial Crimes Enforcement Network Improvements Act, is a 117th Congress bill sponsored by Rep. Davidson, Warren [R-OH-8] (R-OH); status Referred to the House Committee on Financial Services. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/117-hr-7623
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 117-hr-7623
- Congress: 117
- Title: Financial Crimes Enforcement Network Improvements Act
- Status: Referred to the House Committee on Financial Services.
- Introduced: 2022-04-28
- Sponsor: Rep. Davidson, Warren [R-OH-8] (R-OH)
- Cosponsors: 0
- Policy area: Finance and Financial Sector
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

Financial Crimes Enforcement Network Improvements Act This bill makes several organizational changes to the Financial Crimes Enforcement Network (FinCEN). First, the director of FinCEN must be appointed by the President with the advice and consent of the Senate. (Currently, the director is appointed by the Secretary of the Treasury.) The bill also establishes an Office of Audit and Investigations within FinCEN. The office must prioritize audits and investigations that protect the civil liberties and privacy of citizens. The bill also provides for a Civil Liberties Protection Officer to oversee compliance with all guidelines relating to civil liberties and privacy. Further, the bill imposes additional requirements on the rulemaking process for FinCEN, including by limiting the delegation authorities of the Secretary of the Treasury to make findings and exercise authority to certify, delay, or waive certain rulemaking activities. FinCEN is also required to conduct additional outreach to small businesses prior to a rulemaking. Finally, FinCEN must disclose certain controlling documents regarding the implementation of specified laws and must report to Congress any unlawful FinCEN activity and corrective action taken.

## Related bills

- 117-hr-1448: PAWS for Veterans Therapy Act
- 117-hr-1193: Cardiovascular Advances in Research and Opportunities Legacy Act
- 117-hr-5142: To award posthumously a Congressional Gold Medal, in commemoration to the servicemembers who perished in Afghanistan on August 26, 2021, during the evacuation…
- 117-hr-6899: Russia and Belarus SDR Exchange Prohibition Act of 2022
- 117-hr-5754: Patient Advocate Tracker Act
- 117-hr-2441: Sgt. Ketchum Rural Veterans Mental Health Act of 2021

## Sources
- [117-hr-7623 on Congress.gov](https://www.congress.gov/bill/117th-congress/house-bill/7623)

## Related
- [117-hr-1448: PAWS for Veterans Therapy Act](https://policyrisk.com/legislation/117-hr-1448)
- [117-hr-1193: Cardiovascular Advances in Research and Opportunities Legacy Act](https://policyrisk.com/legislation/117-hr-1193)
- [117-hr-5142: To award posthumously a Congressional Gold Medal, in commemoration to the servi…](https://policyrisk.com/legislation/117-hr-5142)
- [117-hr-6899: Russia and Belarus SDR Exchange Prohibition Act of 2022](https://policyrisk.com/legislation/117-hr-6899)
- [117-hr-5754: Patient Advocate Tracker Act](https://policyrisk.com/legislation/117-hr-5754)
- [117-hr-2441: Sgt. Ketchum Rural Veterans Mental Health Act of 2021](https://policyrisk.com/legislation/117-hr-2441)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/117-hr-7623 (as of 2025-11-18).