S 3697
117th Congress
Senate
Crime and Law Enforcement
Combating Money Laundering, Terrorist Financing, and Counterfeiting Act of 2022
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 17, 2022
Read twice and referred to the Committee on the Judiciary.
Feb 17, 2022
Introduced in Senate
Plain-English summary
Combating Money Laundering, Terrorist Financing, and Counterfeiting Act of 2022
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 that is drawn on an account containing more than $10,000 and that is possessed by the bearer to avoid reporting requirements 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's happening now
Read twice and referred to the Committee on the Judiciary.
Committees of jurisdiction
1