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HR 3760 105th Congress House

Bank Merger Money Laundering Prevention Act

Official title: To amend the Bank Holding Company Act of 1956 to require the Board of Governors of the Federal Reserve System to include money laundering activities in the con… Show full official titleShow less

Official title: To amend the Bank Holding Company Act of 1956 to require the Board of Governors of the Federal Reserve System to include money laundering activities in the consideration of applications under section 3 of the Bank Holding Company Act of 1956.

Introduced: April 29, 1998 Introduced by: Waters, Maxine Democratic · California See on congress.gov
Finance and Financial Sector Administrative procedureBank fraudBank holding companiesBank mergers
More subjectsShow fewer subjects
Crime and Law EnforcementCriminal investigationFederal Reserve SystemGovernment Operations and PoliticsGovernmental investigationsLawMoney launderingProsecution
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This bill died when the 105th Congress ended
It never became law before the 105th Congress (1997–1998) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 18, 1998
Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Apr 29, 1998
Referred to the House Committee on Banking and Financial Services.
Apr 29, 1998
Introduced in House
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 Latest action May 18, 1998

Referred to the Subcommittee on Financial Institutions and Consumer Credit.

 Plain-English summary Congressional Research Service

Bank Merger Money Laundering Prevention Act - Amends the Bank Holding Company Act of 1956 to require the Board of Governors of the Federal Reserve System, upon receipt of a bank holding company's acquisition or merger application, to: (1) consider a company's effectiveness in combating and preventing money laundering activities; (2) refrain from considering the application of any company which is the subject of a pending Federal investigation or prosecution for money laundering or related financial crimes until such Federal proceeding is completed; and (3) disapprove the application of any company found criminally or civilly liable for money laundering or related financial crime during the five-year period preceding the Board's consideration of its application.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 2
All 2 Democratic 1 Independent 1
I
Sanders, Bernard
Vermont · Apr 29, 1998
 D
Thompson, Bennie G.
Mississippi · Apr 29, 1998
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 3760: Bank Merger Money Laundering Prevention Act. 105th Congress. Open America. https://openamerica.io/bill/105-HR-3760/
MLA
"H.R. 3760: Bank Merger Money Laundering Prevention Act." 105th Congress, 2026, Open America, https://openamerica.io/bill/105-HR-3760/.
Bluebook (legal)
H.R. 3760, 105th Cong. (2026), https://openamerica.io/bill/105-HR-3760/.
Markdown link
[H.R. 3760: Bank Merger Money Laundering Prevention Act](https://openamerica.io/bill/105-HR-3760/)
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