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National Financial Crimes Strategy Act of 1996

Introduced: July 31, 1996 Introduced by: Velázquez, Nydia M. Democratic · New York See on congress.gov
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 Everywhere this bill has been 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 4, 1996
Referred to the Subcommittee on Crime.
Aug 23, 1996
Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Jul 31, 1996
Referred to the Committee on Banking and Financial Services, and in addition to the Committee on the Judiciary, 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.
Jul 31, 1996
Introduced in House
 Plain-English summary Congressional Research Service

National Financial Crimes Strategy Act of 1996 - Amends the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 to prescribe guidelines under which: (1) the President, acting through the Secretary of the Treasury (the Secretary), shall develop and submit to the Congress a national strategy for combating financial crimes; and (2) the Secretary is authorized to designate any geographical area of the United States as a "high-intensity financial crime area."

Confers principal responsibility upon the Secretary for implementing the national strategy for combating financial crimes.

Authorizes the Secretary to provide grants to any consortium of three or more State or local law enforcement agencies and prosecutors in order to provide the necessary funding for investigation and prosecution.

Amends Federal monetary law to require the Director of the Office of Management and Budget to establish the funding for financial crime law enforcement activities for each applicable department or agency as a separate object class in each annual budget.

What's happening now September 4, 1996

Referred to the Subcommittee on Crime.

 Committees of jurisdiction 4
 Cosponsors 2
All 2 Democratic 2