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HR 6031 98th Congress House Finance and Financial Sector Crime prevention Criminal procedure and sentencing Customs administration Exports Foreign Trade and Investments Imports Monetary policy Money Searches and seizures Smuggling

Money Laundering Penalties Act of 1984

Introduced: July 26, 1984 See on congress.gov
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 Everywhere this bill has been 12 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 12, 1984
See H.J.Res.648.
Sep 12, 1984
Received in the Senate and held at the desk by unanimous consent. Pending further diosposition.
Sep 10, 1984
Passed House (Amended) by Voice Vote.
Sep 10, 1984
Passed/agreed to in House: Passed House (Amended) by Voice Vote.
Sep 10, 1984
Called up by House Under Suspension of Rules.
Aug 17, 1984
Reported to House (Amended) by House Committee on The Judiciary. Report No: 98-984 (Part I).
Aug 8, 1984
Ordered to be Reported (Amended).
Aug 8, 1984
Committee Consideration and Mark-up Session Held.
Aug 1, 1984
Referred to Subcommittee on Financial Institutions Supervision, Regulation and Insurance.
Jul 26, 1984
Referred to House Committee on The Judiciary.
Jul 26, 1984
Referred to House Committee on Banking, Finance and Urban Affairs.
Jul 26, 1984
Introduced in House
 Plain-English summary Congressional Research Service
(Reported to House from the Committee on the Judiciary with amendment, H. Rept. 98-984 (Part I))

Money Laundering Penalties Act of 1984 - Amends the Currency and Foreign Transactions Reporting Act to increase the civil penalty for willful violations of the Act by financial institutions from $1,000 to $10,000. Increases the criminal fine from $1,000 to $250,000 and imprisonment from one year to up to five years.

Increases from $5,000 to $10,000 the value of monetary instruments exported from or imported into the United States above which a person is required to file a report.

Grants customs officers authority to make warrantless searches for evidence of violations of such Act.

Allows the Secretary of the Treasury to pay rewards to persons who provide information about violations of the Act which lead to the collection of a criminal fine, civil penalty, or forfeiture of currency of more than $10,000.

What's happening now October 12, 1984

See H.J.Res.648.

 Committees of jurisdiction 3
 Cosponsors 1
All 1 Democratic 1