119th (2025–2027)
H.R. 3523
H.R. 3523 would grant the Treasury Secretary authority to designate foreign organizations that commit fraud against Americans as "Foreign Financial Threat Organizations," with the first designations required within 90 days of the bill's enactment. Organizations receiving this designation would face the same restrictions as terrorist organizations, including asset freezes, blocked financial transactions, restricted internet and phone access, and inability to contact U.S. citizens or permanent residents. The Treasury Secretary must notify Congress and publish designations in the Federal Register, and can immediately freeze assets upon notification. The bill requires the Treasury Secretary to submit reports to Congress every two years detailing which organizations were designated, assets seized, and funds returned to fraud victims, with a public version available that excludes sensitive information.