This bill requires the Bureau of Prisons to improve oversight of inmate bank accounts by centralizing and digitizing prisoner trust fund records by September 30, 2025, and monitoring these accounts every six months to detect illegal financial activity. The legislation allows the government to automatically seize inmate account balances exceeding $500 annually to repay debts, with money going first to victim restitution, then child support, and finally other outstanding debts owed by prisoners. The bill also requires the Bureau of Prisons to report suspicious financial transactions like other financial institutions do, and mandates the creation of a multi-agency task force involving the Departments of Justice, Treasury, and Health and Human Services to develop strategies for improving criminal debt collection and detecting money laundering in prison accounts. The task force must submit two comprehensive reports to Congress within one year outlining recommendations for better coordination among federal agencies and potential legislative changes to strengthen debt collection from incarcerated individuals.