Establishes the Bureau of Prisons Inmate Trust Fund Accountability Act.
Mandates the centralization and digitization of inmate accounts by September 30, 2025.
Requires monitoring of inmate accounts every 6 months to deter and report illicit financial activity.
Directs monthly transfer of account information to the Treasury Offset Program and the Office of Child Support Enforcement.
Applies the Treasury Offset Program to inmate accounts exceeding $500 for a fiscal year, prioritizing victim restitution, child support, and other debts.
Establishes procedures for debt collection, including efforts to assist inmates in making reasonable payments.
Defines “covered inmate accounts” and specifies roles of the Director of the Bureau of Prisons and the Director of the Financial Crimes Enforcement Network.
Amends Section 5318(g) of title 31, United States Code, to include reporting of suspicious transactions by the Bureau of Prisons.
Creates the Inmate Financial Accountability Task Force to improve debt collection and oversight of inmate trust fund accounts.
Requires the task force to review and enhance training, examination procedures, and coordination mechanisms for debt collection and anti-money laundering efforts.
Mandates reports on criminal and civil debt collection and anti-money laundering efforts, including stakeholder feedback and recommendations for legislative and administrative changes.
Clarifies that the task force does not have rulemaking authority.
Specifies the trust funds included under “Bureau of Prison Inmate Trust Fund Accounts.”