Combating Money Laundering, Terrorist Financing, and Counterfeiting Act of 2019

Bill116th CongressFiled Jun 18, 2019Crime and Law Enforcement

S. 1883

Bill journey · stage 2 of 5

Under committee review

FiledFiled

CommitteeComm.

PassedFloor

Both ChambersBoth

Became LawLaw

What it doesSummary reported to senate (Jul 23, 2019)

Combating Money Laundering, Terrorist Financing, and Counterfeiting Act of 2019

This bill makes changes to anti-money laundering requirements under federal criminal and banking laws.

Among the changes, the bill

specifies that a blank check drawn on an account containing more than $10,000 is a monetary instrument subject to international transport reporting requirements,
increases the maximum criminal penalties for bulk cash smuggling, and
permits the government to charge a defendant with a single count of money laundering for multiple violations that are part of the same scheme or continuing course of conduct.

What just happenedJul 23, 2019

Placed on Senate Legislative Calendar under General Orders. Calendar No. 160.

Who’s behind it

Sen. Grassley, Chuck [R-IA](R-IA)Sponsor

4 cosponsors3 D1 R

4cosponsors1committees6actions1related bills14subjects

Jul 23, 2019Calendars
Placed on Senate Legislative Calendar under General Orders. Calendar No. 160.
Jul 23, 2019Committee
Committee on the Judiciary. Reported by Senator Graham with an amendment in the nature of a substitute. Without written report.
Judiciary Committee
Jul 23, 2019Committee14000
Committee on the Judiciary. Reported by Senator Graham with an amendment in the nature of a substitute. Without written report.
Judiciary Committee
Jul 18, 2019Committee
Committee on the Judiciary. Ordered to be reported with an amendment in the nature of a substitute favorably.
Judiciary Committee
Jun 18, 2019IntroReferral
Read twice and referred to the Committee on the Judiciary.
Judiciary Committee
Jun 18, 2019IntroReferral10000
Introduced in Senate

Reported to SenateJul 23, 201925

Combating Money Laundering, Terrorist Financing, and Counterfeiting Act of 2019

This bill makes changes to anti-money laundering requirements under federal criminal and banking laws.

Among the changes, the bill

specifies that a blank check drawn on an account containing more than $10,000 is a monetary instrument subject to international transport reporting requirements,
increases the maximum criminal penalties for bulk cash smuggling, and
permits the government to charge a defendant with a single count of money laundering for multiple violations that are part of the same scheme or continuing course of conduct.

Introduced in SenateJun 18, 2019

Combating Money Laundering, Terrorist Financing, and Counterfeiting Act of 2019

This bill makes changes to anti-money laundering requirements under federal criminal and banking laws.

Among the changes, the bill

specifies that a blank check drawn on an account containing more than $10,000 is a monetary instrument subject to international transport reporting requirements,
increases the maximum criminal penalties for bulk cash smuggling, and
permits the government to charge a defendant with a single count of money laundering for multiple violations that are part of the same scheme or continuing course of conduct.