# 119-hr-3523: To require the Secretary of the Treasury to designate certain covered organizations as Foreign Financial Threat Organizations, and for other purposes.

119-hr-3523, To require the Secretary of the Treasury to designate certain covered organizations as Foreign Financial Threat Organizations, and for other purposes., is a 119th Congress bill sponsored by Rep. Shreve, Jefferson [R-IN-6] (R-IN); status introduced; PRIA reads it as touching household money (as of 2025-12-21).

- Canonical: https://policyrisk.com/legislation/119-hr-3523
- As of: 2025-12-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-3523
- Congress: 119
- Title: To require the Secretary of the Treasury to designate certain covered organizations as Foreign Financial Threat Organizations, and for other purposes.
- Status: introduced
- Introduced: 2025-05-20
- Sponsor: Rep. Shreve, Jefferson [R-IN-6] (R-IN)
- Cosponsors: 4
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2025-12-21

## Summary

**Creates a new power to designate certain foreign fraudsters as "Foreign Financial Threat Organizations" (FFTOs).** It would give Treasury authority to isolate and disrupt foreign entities that target U.S. citizens or lawful permanent residents by freezing assets, cutting internet or phone access, and blocking communications.

## Cosponsors (4)

- Rep. Van Duyne, Beth [R-TX-24] (R-TX), 2025-05-20T00:00:00.000Z
- Rep. Guest, Michael [R-MS-3] (R-MS), 2025-05-21T00:00:00.000Z
- Rep. Self, Keith [R-TX-3] (R-TX), 2025-06-03T00:00:00.000Z
- Rep. Fitzpatrick, Brian K. [R-PA-1] (R-PA), 2025-06-04T00:00:00.000Z

## Provisions PRIA read

- Block foreign scam rings and contacts: benefit, medium. This bill would let Treasury, with the Attorney General, label certain foreign fraud groups as Foreign Financial Threat Organizations. The first designations would be due within 90 days after enactment. Before designating, Treasury would notify key Members of Congress in writing, then publish the d…

## Related bills

- 119-hr-1151: Freedom to Invest in Tomorrow’s Workforce Act
- 119-hr-703: Main Street Tax Certainty Act
- 119-hr-909: Crime Victims Fund Stabilization Act of 2025
- 119-hr-4382: America’s Olympic and Paralympic Games Commemorative Coins Act
- 119-hr-1502: North Platte Canteen Congressional Gold Medal Act
- 119-hconres-12: Supporting the Local Radio Freedom Act.

## Sources
- [119-hr-3523 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/3523)

## Related
- [119-hr-1151: Freedom to Invest in Tomorrow’s Workforce Act](https://policyrisk.com/legislation/119-hr-1151)
- [119-hr-703: Main Street Tax Certainty Act](https://policyrisk.com/legislation/119-hr-703)
- [119-hr-909: Crime Victims Fund Stabilization Act of 2025](https://policyrisk.com/legislation/119-hr-909)
- [119-hr-4382: America’s Olympic and Paralympic Games Commemorative Coins Act](https://policyrisk.com/legislation/119-hr-4382)
- [119-hr-1502: North Platte Canteen Congressional Gold Medal Act](https://policyrisk.com/legislation/119-hr-1502)
- [119-hconres-12: Supporting the Local Radio Freedom Act.](https://policyrisk.com/legislation/119-hconres-12)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-3523 (as of 2025-12-21).