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HR 3760 105th Congress House Finance and Financial Sector Administrative procedure Bank fraud Bank holding companies Bank mergers Crime and Law Enforcement Criminal investigation Federal Reserve System Government Operations and Politics Governmental investigations Law Money laundering Prosecution

Bank Merger Money Laundering Prevention Act

Introduced: April 29, 1998 Introduced by: Waters, Maxine Democratic · California See on congress.gov
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 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
 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.

What's happening now May 18, 1998

Referred to the Subcommittee on Financial Institutions and Consumer Credit.

 Committees of jurisdiction 2
 Cosponsors 2
All 2 Democratic 1 Independent 1