Money laundering Legislation - Federal Government

A bill to provide greater transparency in the legislative process. 9/14/2007--Public Law.    (There are 3 other summaries) (This measure has not been amended since it was passed by the House on July 31, 2007. The summary of that version is repeated here.)Honest Leadership and Open Government Act of 2007 - Title I: Closing the Revolving Door - (Sec. 101) Amends the federal criminal code to extend from one to two years the ban on lobbying contacts by former: (1) very senior executive personnel with any Member, officer, or employee of the entity in which such person served before his or her tenure terminated; and (2) Senators with any Member, officer or employee of either chamber, or employee of any other legislative office.Continues the one-year ban on lobbying contacts by former: (1) Members of the House of Representatives with any Member, officer, or employee of either chamber, or employee of any other legislative office; (2) [...]

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A bill to prohibit profiteering and fraud relating to military action, relief, and reconstruction efforts, and for other purposes. 5/15/2007--Reported to Senate amended.    (There is 1 other summary) War Profiteering Prevention Act of 2007 - Amends the federal criminal code to impose a fine and/or prison term of up to 20 years for profiteering and fraud involving a contract or the provision of goods or services in connection with a war, military action, or relief or reconstruction activities within U.S. jurisdiction. Prohibits: (1) executing or attempting to execute a scheme or artifice to defraud the United States; and (2) materially overvaluing any good or service with the specific intent to defraud and excessively profit from the war, military action, or relief or reconstruction activities. Imposes a fine or prison term of up to 10 years for: (1) falsifying, concealing, or covering up by any trick, scheme, or device a material fact; (2) making [...]

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To amend section 5313 of title 31, United States Code, to reform certain requirements for reporting cash transactions, and for other purposes. 1/23/2007--Passed House without amendment.    (There is 1 other summary) (This measure has not been amended since it was introduced. The summary of that version is repeated here.) Seasoned Customer CTR Exemption Act of 2007 - Amends federal money and finance law to: (1) repeal the authority of the Secretary of the Treasury to exempt a depository institution from currency transaction reporting (CTR) requirements with respect to transactions between the depository institution and a qualified business customer; and (2) instruct the Secretary to prescribe regulations that exempt a depository institution from filing a CTR if the transaction is with a qualified customer. Defines qualified customer as any person that: (1) is incorporated or organized under federal or state law, including a sole proprietorship,[...]

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To prohibit profiteering and fraud relating to military action, relief, and reconstruction efforts, and for other purposes. 10/9/2007--Passed House amended.    (There are 2 other summaries) War Profiteering Prevention Act of 2007 - Amends the federal criminal code to prohibit profiteering and fraud involving a contract or the provision of goods or services in connection with a mission of the U.S. Government overseas. Imposes: (1) a fine of not more than $1 million and/or a prison term of up to 20 years for knowingly defrauding the United States or a provisional authority in connection with such a mission or for materially overvaluing any goods or services with the intent to defraud; (2) a fine of not more than $1 million and/or a prison term of up to 10 years for falsification or concealment, false statements, or false documents in connection with such contracts or goods or services. Grants extraterritorial federal jurisdiction over war profiteering [...]

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A bill to ensure the implementation of the recommendations of the National Commission on Terrorist Attacks Upon the United States. 1/17/2007--Introduced. Ensuring Implementation of the 9/11 Commission Report Act - Homeland Emergency Response Operations Act or the HERO Act - Amends the Communications Act of 1934 to require the Federal Communications Commission (FCC) to complete assignment of the electromagnetic spectrum for public safety services to permit operation by December 31, 2007. Requires reports respecting: (1) a unified incident command system; (2) a national critical infrastructure risk and vulnerabilities assessment; and (3) private sector preparedness. Faster and Smarter Funding for First Responders Act of 2005 - Amends the Homeland Security Act of 2002 to establish a Department of Homeland Security (DHS) grant program to assist state and local governments in achieving essential capabilities for terrorism preparedness. Directs the Secretary of Homeland [...]

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A bill to authorize secure borders and comprehensive immigration reform, and for other purposes. 1/18/2007--Introduced. Border Security and Immigration Reform Act of 2007 - Provides for increases in the numbers of federal immigration enforcement-related positions and technological assets for use along the borders, including Department of Defense (DOD) equipment. Provides for: (1) recruitment of former military personnel; (2) border control facilities construction; (3) land border port of entry construction and improvements; (4) border patrol checkpoints; and (5) fencing, barrier, and road construction and improvements in the Yuma and Tucson sectors. Directs the Secretary of Homeland Security (Secretary) to develop: (1) a comprehensive land and maritime border surveillance plan; (2) a National Strategy for Border Security; (3) a plan to combat human smuggling; (4) a southern border study; and (5) a schedule for equippng all land border ports of entry with the [...]

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A resolution expressing the sense of the Senate that certain benchmarks must be met before certain restrictions against the Government of North Korea are lifted, and that the United States Government should not provide any financial assistance to North Korea until the Secretary of State makes certain certifications regarding the submission of applications for refugee status. 12/10/2007--Introduced. States that restrictions imposed on the government of North Korea as a result of its being determined to be a government that has repeatedly supported acts of international terrorism should not be lifted until benchmarks have been met respecting: (1) missile or nuclear technology transfers; (2) cessation of terrorist activities and support of terrorist groups and terrorist activities; (3) counterfeiting of U.S. currency; (4) release of South Korean POWs, Japanese nationals, and Kim Donk-Shik; and (5) Bureau 39's closure. States that the U.S. government should not provide [...]

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A bill to improve the prohibitions on money laundering, and for other purposes. 2/1/2007--Introduced. Combating Money Laundering and Terrorist Financing Act of 2007 - Amends money laundering provisions of the federal criminal code to redefine "specified unlawful activity" as: (1) any act constituting an offense in violation of the laws of the United States or any State punishable by imprisonment for a term exceeding 1 year; and (2) any act occurring outside of the United States that would constitute such an offense if committed within U.S. jurisdiction. Revises the procedure for issuing subpoenas in money laundering cases. Assigns a standard value to monetary instruments payable to bearer in blank (with no amount indicated on the instrument). Increases the penalty for bulk cash smuggling in or out of the United States from five to 10 years. Redefines money laundering transactions involving amounts greater than $10,000 to include commingling [...]

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To redeploy United States Armed Forces from Iraq and to establish a new direction for United States policy toward Iraq. 1/24/2007--Introduced. New Direction for Iraq Act of 2007 - Prohibits Department of Defense (DOD) funds from being obligated or expended to increase the number of U.S. Armed Forces serving in Iraq so that the total number serving in Iraq at any time exceeds the number serving in Iraq as of the date of the enactment of this Act unless the increase is specifically authorized by Congress. Directs the Secretary of Defense to begin the redeployment of U.S. Armed Forces from Iraq within 30 days of enactment of this Act, which shall be completed in the shortest appropriate time frame. (Expresses the sense of Congress that the shortest appropriate time frame should be no longer than one year.) Prohibits: (1) permanent or long-term U.S. military installations in Iraq; and (2) U.S. actions to control Iraqi oil reserves. Provides for assistance [...]

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A bill to restrict the use of offshore tax havens and abusive tax shelters to inappropriately avoid Federal taxation, and for other purposes. 2/17/2007--Introduced. Stop Tax Haven Abuse Act - Amends Internal Revenue Code provisions relating to tax shelter activities to: (1) establish legal presumptions against the validity of transactions involving offshore secrecy jurisdictions (i.e., foreign tax havens identified in this Act and by the Secretary of the Treasury); (2) impose restrictions on foreign jurisdictions, financial institutions, or international transactions that are of primary money laundering concern or that impede U.S. tax enforcement; (3) increase the period for Internal Revenue Service review of tax returns involving offshore secrecy jurisdictions; (4) require tax withholding agents and financial institutions to report certain information about beneficial owners of foreign-owned financial accounts and accounts established in offshore secrecy jurisdictions; and [...]

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A bill to advance America's priorities. 7/22/2008--Introduced. Advancing America's Priorities Act - Amends the Public Health Service Act to: (1) establish a system to collect data on amyotrophic lateral sclerosis (ALS) and establish a registry for such data; (2) provide for an education and information campaign to promote stroke prevention; and (3) award grants for a pilot project to improve stroke patient outcomes by coordinating health care delivery through telehealth networks.Establishes programs for research, rehabilitation, and quality of life for people with paralysis.Provides for support services to women suffering from postpartum depression and who receive a positive diagnosis of Down syndrome or other prenatally or postnatally diagnosed conditions. Directs the Secretary of Health and Human Services to make grants to states to provide vision care for children. Amends the Runaway and Homeless Youth Act to expand services for homeless youth [...]

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Approving the renewal of import restrictions contained in the Burmese Freedom and Democracy Act of 2003. 7/24/2008--Public Law.    (There are 3 other summaries) (This measure has not been amended since it was passed by the House on July 23, 2008. The summary of that version is repeated here.) Approves the renewal of certain import restrictions contained in the Burmese Freedom and Democracy Act of 2003. Amends the Consolidated Omnibus Budget Reconciliation Act of 1985 to extend certain customs fees for the processing of merchandise entered into the United States through October 7, 2017. Amends the Tax Increase Prevention and Reconciliation Act of 2005 to increase the amount of any corporate estimated tax installment otherwise due by a corporation with assets of not less than $1 billion for the third quarter of 2013 by 0.25% of such amount. Deems this resolution a renewal resolution which shall take effect upon its enactment [...]

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To authorize law enforcement and security assistance, and assistance to enhance the rule of law and strengthen civilian institutions, for Mexico and the countries of Central America, and for other purposes. 6/10/2008--Passed House amended.    (There are 2 other summaries) Merida Initiative to Combat Illicit Narcotics and Reduce Organized Crime Authorization Act of 2008 - Title I: Assistance for Mexico - Subtitle A: Law Enforcement and Security Assistance - (Sec. 112) Authorizes the President to provide assistance for Mexico for: (1) counternarcotics and countertrafficking; (2) port, airport, and related security to assist in controlling the Mexico-U.S. and Mexico-Central America borders; (3) intelligence gathering operational technology; and (4) public security and law enforcement, including assistance to the National Council Against Addiction (CONADIC). (Sec. 114) Prohibits assistance to any armed forces of Mexico or law enforcement unit [...]

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A bill to ensure that persons who form corporations in the United States disclose the beneficial owners of those corporations, in order to prevent wrongdoers from exploiting United States corporations for criminal gain, to assist law enforcement in detecting, preventing, and punishing terrorism, money laundering, and other misconduct involving United States corporations, and for other purposes. 5/1/2008--Introduced. Incorporation Transparency and Law Enforcement Assistance Act - Amends the Homeland Security Act of 2002 to: (1) establish uniform requirements for states relating to the disclosure of beneficial owners of corporations and limited liability companies formed in such states and the updating of such disclosures; (2) require states to maintain beneficial ownership disclosure information for five years after a corporation or limited liability company is terminated; (3) impose additional identification requirements for the beneficial owners of corporations or limited [...]

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