Section 1 Short title
This Act may be cited as the “Focus on Protection Act”.
Focus on Protection Act
A BILL
To transfer the investigative jurisdiction over payment and financial systems from the United States Secret Service to the Department of the Treasury, and for other purposes.
Sec. 2 Findings
Congress finds the following:
The investigative mission related to payment and financial systems is critical for maintaining the integrity of the Nation’s financial infrastructure.
The Department of the Treasury possesses the expertise and resources to effectively oversee and investigate issues related to payment and financial systems.
Transferring the investigative mission to the Department of the Treasury will enhance efficiency and focus in combating financial crimes.
Transferring the investigative mission will allow the United States Secret Service to focus on its core mission of protecting the President, Vice President, their families, visiting heads of state, and Presidential candidates, thereby enhancing national security.
Sec. 3 Transfer of functions
Transfer of Functions— The functions of the United States Secret Service related to the investigation of payment and financial systems, as described in subsection (b), are transferred to the Department of the Treasury.
Scope of Transferred Functions— The transferred functions include each of the following:
Investigations of counterfeiting of United States currency and financial instruments.
Investigations of financial fraud, including credit card fraud, debit card fraud, and other forms of electronic payment fraud.
Investigations of cybercrimes affecting financial systems.
Sec. 4 Conforming amendments
Title 18, United States Code— Section 3056 of title 18, United States Code, is amended by repealing subsection (b).
Title 31, United States Code— Section 321(a) of title 31, United States Code, is amended—
in paragraph (8)(C), by striking “and” at the end;
in paragraph (9), by striking the period and inserting “; and”; and
by adding at the end the following:
“(10) investigate payment and financial systems.”
Sec. 5 Transition provisions
Transfer of personnel— Personnel employed by the United States Secret Service to perform functions described in section 3(b) shall be transferred to the Department of the Treasury, with the same status and tenure held on the day before the date of enactment of this Act.
Transfer of assets and obligations— The assets, contracts, property, and records associated with the functions transferred by this Act shall be transferred to the Department of the Treasury.
Continuity of operations— The Secretary of the Treasury shall ensure that the transferred functions continue without interruption during and after the transfer process.
Determinations— The Secretary of the Treasury shall make such determinations as are necessary with respect to—
which functions related to the investigation of payment and financial systems are transferred under this Act, and
the personnel, assets, and obligations associated with such functions that are transferred under this Act.
Sec. 6 Budget reallocation
Funds appropriated to the United States Secret Service for the purposes of the functions transferred by this Act shall be transferred to the Department of the Treasury.
Sec. 7 Effective date
This Act shall take effect 180 days after the date of enactment of this Act.