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To provide for a limitation on availability of funds for Department of Treasury, Financial Crimes Enforcement Network, Salaries and Expenses for fiscal year 2024.

12/15/2023, 3:56 PM

Summary of Bill HR 2055

Bill 118 hr 2055, also known as the "Limitation on Availability of Funds for Department of Treasury, Financial Crimes Enforcement Network, Salaries and Expenses for Fiscal Year 2024," aims to restrict the amount of funds that can be allocated to the Department of Treasury's Financial Crimes Enforcement Network (FinCEN) for salaries and expenses in the fiscal year 2024.

The bill sets a specific limit on the amount of money that can be used for salaries and expenses within FinCEN, which is responsible for combating money laundering and other financial crimes. This limitation is intended to ensure that taxpayer dollars are being used efficiently and effectively within the agency.

By placing a cap on the funds available for FinCEN salaries and expenses, the bill aims to promote fiscal responsibility and accountability within the Department of Treasury. This measure may also encourage greater transparency and oversight of how funds are being allocated and spent within FinCEN. Overall, Bill 118 hr 2055 seeks to ensure that taxpayer dollars are being used wisely within the Department of Treasury's Financial Crimes Enforcement Network by placing limitations on the availability of funds for salaries and expenses in the fiscal year 2024.

Current Status of Bill HR 2055

Bill HR 2055 is currently in the status of Bill Introduced since March 29, 2023. Bill HR 2055 was introduced during Congress 118 and was introduced to the House on March 29, 2023.  Bill HR 2055's most recent activity was Referred to the House Committee on Financial Services. as of March 29, 2023

Bipartisan Support of Bill HR 2055

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
0
Democrat Cosponsors
0
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 2055

Primary Policy Focus

Finance and Financial Sector

Alternate Title(s) of Bill HR 2055

To provide for a limitation on availability of funds for Department of Treasury, Financial Crimes Enforcement Network, Salaries and Expenses for fiscal year 2024.
To provide for a limitation on availability of funds for Department of Treasury, Financial Crimes Enforcement Network, Salaries and Expenses for fiscal year 2024.

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