To amend section 1960(a) of title 18, United States Code.

House Bill

H.R. 7732

119th Congress

To amend section 1960(a) of title 18, United States Code.

In Committee

Introduced:Feb 26, 2026

Primary Sponsor

Scott Fitzgerald

R - WI

Cosponsors

0

Quick Stats

Summary

HR 7732 proposes changes to federal criminal law regarding unlicensed money transmission businesses. The bill would modify existing penalties and regulations that apply to individuals or companies who operate money transfer services without proper licensing. However, the bill's exact provisions remain unclear as only the section being amended has been disclosed, not the specific changes proposed.

Latest Action

Referred to the House Committee on the Judiciary.

Introduced2/26/2026

StatusReferred to the House Committee on the Judiciary.

ChamberHouse

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Vote Prediction

To amend section 1960(a) of title 18, United States Code.

HR 7732 proposes changes to federal criminal law regarding unlicensed money transmission businesses. The bill would modify existing penalties and regulations that apply to individuals or companies who operate money transfer services without proper licensing. H

Community Breakdown

Pass

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Fail

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HR 7732 proposes changes to federal criminal law regarding unlicensed money transmission businesses. The bill would modify existing penalties and regulations that apply to individuals or companies who operate money transfer services without proper licensing. However, the bill's exact provisions remain unclear as only the section being amended has been disclosed, not the specific changes proposed.

Bill Number: 7732
Introduced: 2/26/2026
Status: Referred to the House Committee on the Judiciary.

Data from Congress.gov

AI-generated summary

Fact Sheet

Title: To amend section 1960(a) of title 18, United States Code.
Bill Number: 7732
Sponsor: No sponsor
Status: Referred to the House Committee on the Judiciary.
Introduced: 2/26/2026
Summary: HR 7732 proposes changes to federal criminal law regarding unlicensed money transmission businesses. The bill would modify existing penalties and regulations that apply to individuals or companies who operate money transfer services without proper licensing. However, the bill's exact provisions rema

Data from Congress.gov

AI Summary

Plain-English explanation of this bill

HR 7732 proposes changes to federal criminal law regarding unlicensed money transmission businesses. The bill would modify existing penalties and regulations that apply to individuals or companies who operate money transfer services without proper licensing. However, the bill's exact provisions remain unclear as only the section being amended has been disclosed, not the specific changes proposed.

Last updated: 2/27/2026

Key Points

Main provisions of the bill

Targets section 1960(a) of U.S. criminal code, which makes it illegal to operate money transmission businesses without state or federal licenses
Could affect regulations on digital payment services, cryptocurrency exchanges, money transfer services, and check cashing businesses
Currently has no cosponsors and remains in early stages, having only been referred to the House Judiciary Committee
The specific changes to the law are not detailed in the available bill summary, making it difficult to assess the direction of reform

How This Impacts Americans

Potential effects on citizens and communities

This bill could potentially affect anyone who uses or operates money transfer services, including traditional services like Western Union and modern platforms like PayPal, Venmo, or cryptocurrency exchanges. Depending on whether the amendment strengthens or relaxes requirements, it could either increase consumer protections and regulatory oversight or reduce compliance burdens on financial technology companies. Without details on the specific amendments, the actual impact on consumers and businesses remains uncertain.

Policy Areas

No policy areas assigned yet.

Scope & Jurisdiction

Jurisdiction Level

federal

Congressional Session

119th Congress

Citation Reference

7732, 119th Congress (2026). "To amend section 1960(a) of title 18, United States Code.". Source: Voter's Right Platform. https://votersright.org/bills/119-hr-7732

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