# 119-hr-147: FinCEN Oversight and Accountability Act of 2025

119-hr-147, FinCEN Oversight and Accountability Act of 2025, is a 119th Congress bill sponsored by Rep. Davidson, Warren [R-OH-8] (R-OH); status introduced; PRIA reads it as touching household money (as of 2026-04-21).

- Canonical: https://policyrisk.com/legislation/119-hr-147
- As of: 2026-04-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-147
- Congress: 119
- Title: FinCEN Oversight and Accountability Act of 2025
- Status: introduced
- Introduced: 2025-01-03
- Sponsor: Rep. Davidson, Warren [R-OH-8] (R-OH)
- Cosponsors: 0
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2026-04-21

## Summary

**This bill would increase congressional oversight and transparency of the Financial Crimes Enforcement Network (FinCEN)** and require routine engagement with small businesses on beneficial ownership reporting. - The Treasury Secretary would have to keep the House Financial Services Committee and the Senate Banking, Housing, and Urban Affairs Committee fully and currently informed about FinCEN activities and promptly report any unlawful activity and the corrective action planned. - It creates a public transparency regime for "controlling documents" that delegate authority to FinCEN. The Secretary must provide Congress with existing and future controlling documents and publish them, subject to federal records law exemptions. - The bill would require an annual FinCEN Small Business Working Group to share how beneficial ownership information is working, coordinate with the small business community, and provide guidance on reporting obligations. It also extends a related lookback from 5 years to 10 years and bars any new appropriations to carry out these amendments.

## Provisions PRIA read

- FinCEN reporting and public documents: benefit, medium. The Treasury Secretary would have to keep the House Financial Services and Senate Banking Committees fully informed about FinCEN. The Secretary would report any unlawful FinCEN activity and planned fixes. The Secretary would give Congress and the public the controlling documents that delegate power…
- Yearly FinCEN meeting for small businesses: mixed, low. FinCEN would hold a yearly working group for small businesses. The group would share what works on beneficial ownership reporting and give guidance. It would also help coordination between FinCEN and small businesses. Congress would bar new funding for this, so support could be limited.
- Longer 10-year record window at FinCEN: mixed, low. The bill would extend the window for certain FinCEN records from 5 years to 10 years. This could help enforcement and oversight. It could also mean longer record-keeping for businesses and people who must keep those records.

## Related bills

- 119-hr-3633: Digital Asset Market Clarity Act
- 119-hr-3330: Energy Freedom Act
- 119-hr-25: FairTax Act of 2025
- 119-hr-8324: Great American Healthcare Plan
- 119-hr-6955: Main Street Capital Access Act
- 119-hr-266: Educational Opportunity and Success Act of 2025

## Sources
- [119-hr-147 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/147)

## Related
- [119-hr-3633: Digital Asset Market Clarity Act](https://policyrisk.com/legislation/119-hr-3633)
- [119-hr-3330: Energy Freedom Act](https://policyrisk.com/legislation/119-hr-3330)
- [119-hr-25: FairTax Act of 2025](https://policyrisk.com/legislation/119-hr-25)
- [119-hr-8324: Great American Healthcare Plan](https://policyrisk.com/legislation/119-hr-8324)
- [119-hr-6955: Main Street Capital Access Act](https://policyrisk.com/legislation/119-hr-6955)
- [119-hr-266: Educational Opportunity and Success Act of 2025](https://policyrisk.com/legislation/119-hr-266)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-147 (as of 2026-04-21).