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HR 2986 104th Congress House Crime and Law Enforcement Armed Forces and National Security Automated teller machines Counterfeiting Debit cards Economics and Public Finance Finance and Financial Sector Fines (Penalties) Forfeiture Fraud Government securities Negotiable instruments Secret service Securities Securities fraud

Financial Crimes Prevention Act of 1996

Introduced: February 28, 1996 See on congress.gov
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 Everywhere this bill has been 8 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 11, 1996
Referred to the Subcommittee on Water Resources and Environment.
Mar 11, 1996
Referred to the Subcommittee on Surface Transportation.
Mar 11, 1996
Referred to the Subcommittee on Railroads.
Mar 11, 1996
Referred to the Subcommittee on Coast Guard and Maritime Transportation.
Mar 11, 1996
Referred to the Subcommittee on Aviation.
Mar 4, 1996
Referred to the Subcommittee on Crime.
Feb 28, 1996
Referred to the Committee on the Judiciary, and in addition to the Committee on Transportation and Infrastructure, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Feb 28, 1996
Introduced in House
 Plain-English summary Congressional Research Service

Financial Crimes Prevention Act of 1996 - Amends the Federal criminal code to increase penalties for making, possessing, using, or selling materials or devices for counterfeiting U.S. obligations or securities and for possessing distinctive paper or a distinctive counterfeit deterrent adopted by the Secretary of the Treasury for U.S. obligations or securities.

Sets penalties for: (1) possessing, drawing, printing, processing, or otherwise making or passing, presenting, or selling any fictitious obligation within the United States; (2) using an instrumentality of interstate or foreign commerce to transmit or transport any fictitious obligation to, from, or through the United States; or (3) attempting to commit an such offense.

Grants the United States Secret Service authority to investigate such offenses.

Provides for the forfeiture of counterfeit access devices, device-making equipment, and scanning receivers possessed with intent to defraud in violation of Federal law.

What's happening now March 11, 1996

Referred to the Subcommittee on Water Resources and Environment.

 Committees of jurisdiction 8
 Cosponsors 1
All 1 Democratic 1