Focus on Protection Act

(1) The investigative mission related to payment and financial systems is critical for maintaining the integrity of the Nation’s financial infrastructure.

(2) The Department of the Treasury possesses the expertise and resources to effectively oversee and investigate issues related to payment and financial systems.

(3) Transferring the investigative mission to the Department of the Treasury will enhance efficiency and focus in combating financial crimes.

(4) 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.

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.

The transferred functions include each of the following:

(1) Investigations of counterfeiting of United States currency and financial instruments.

(2) Investigations of financial fraud, including credit card fraud, debit card fraud, and other forms of electronic payment fraud.

(3) Investigations of cybercrimes affecting financial systems.

Section 3056 of title 18, United States Code, is amended by repealing subsection (b).

Section 321(a) of title 31, United States Code, is amended—

(1) in paragraph (8)(C), by striking and at the end;

(2) in paragraph (9), by striking the period and inserting; and; and

(3) by adding at the end the following:

(10) investigate payment and financial systems.

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.

The assets, contracts, property, and records associated with the functions transferred by this Act shall be transferred to the Department of the Treasury.

The Secretary of the Treasury shall ensure that the transferred functions continue without interruption during and after the transfer process.

The Secretary of the Treasury shall make such determinations as are necessary with respect to—

(1) which functions related to the investigation of payment and financial systems are transferred under this Act, and

(2) the personnel, assets, and obligations associated with such functions that are transferred under this Act.