Top Legislation - View All
Also tagged in: Auditing, Business, Cartels, Checks, Civil liberties, Conspiracy, Consumer credit, Consumers, Counterfeiting, Credit bureaus, Criminal investigation, Criminal justice, Electronic funds transfers, Extraterritoriality, Finance, Foreign banks and banking, Forgery, Government securities, Grand jury, Indictments, Intelligence activities, International finance, Law, Money laundering, Obstruction of justice, Prosecution, Right of privacy, Secret service, Securities, Smuggling, Subpoena, Technology, Telecommunication, Undercover operations
Latest Action: 02/01/2007 - Sponsor introductory remarks on measure. (CR S1523-1524) Bill TextA 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 [...] show full description
Also tagged in: Actions and defenses, Administrative procedure, Armed forces, Auditing, Civil liberties, Computer crimes, Computer security measures, Congress, Congressional investigations, Congressional reporting requirements, Consumer credit, Consumers, Counterintelligence, Credit bureaus, Criminal justice, Data banks, Defense policy, Department of Justice, Employee training, Espionage, Executive departments, Executive reorganization, Federal preemption, Federal Trade Commission, Finance, Fines (Penalties), Fraud, Government contractors, Government information, Government paperwork, Governmental investigations, Identification devices, Identity theft, Independent regulatory commissions, Information leaking, Injunctions, Intelligence activities, Job training, Law, National security, Organized crime, Parties to actions, Public contracts, Restrictive trade practices, Right of privacy, Risk, Secret service, Sentencing guidelines, Standards, State and local government, State laws, Technology, Telecommunication, Telephone, U.S. Sentencing Commission
Latest Action: 05/23/2007 - Committee on the Judiciary. Reported by Senator Leahy with amendments. With written report No. 110-70. Additional views filed. Bill TextA bill to prevent and mitigate identity theft, to ensure privacy, to provide notice of security breaches, and to enhance criminal penalties, law enforcement assistance, and other protections against security breaches, fraudulent access, and misuse of personally identifiable information. 5/23/2007--Reported to Senate amended. (There is 1 other summary) Personal Data Privacy and Security Act of 2007 - Title I: Enhancing Punishment For Identity Theft And Other Violations Of Data Privacy and Security - (Sec. 101) Amends the federal criminal code to add intentionally accessing a computer without authorization to the definition of racketeering activity. (Sec. 102) Imposes a fine and/or prison term of up to five years for intentionally and willfully concealing a security breach involving sensitive personally identifiable information that causes economic damage to one or more persons. Defines "sensitive personally identifiable information"[...] show full description
Also tagged in: Administrative procedure, Bank accounts, Business, Criminal justice, Department of the Treasury, Executive departments, Finance, Fines (Penalties), Government information, Government paperwork, Income tax, Interest, Law, Money laundering, Securities industry, Securities regulation, Standards, Tax administration, Tax consultants, Tax deductions, Tax evasion, Tax havens, Tax penalties, Tax returns, Tax shelters, Taxation, Taxation of foreign income, Withholding tax
Latest Action: 02/17/2007 - Sponsor introductory remarks on measure. (CR S2206-2216) Bill TextA 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 [...] show full description
Also tagged in: Bank accounts, Capital, College costs, Community development banking, Congress, Congressional reporting requirements, Education, Federal aid to Indians, Fees, Finance, Government information, Government paperwork, Grants-in-aid, Higher education, Home ownership, Housing, Housing finance, Income tax, Minorities, Nonprofit organizations, Personal budgets, Rural affairs, Saving and investment, Social services, Tax credits, Tax exclusion, Tax exemption, Taxation, Welfare, Welfare eligibility
Latest Action: 02/07/2007 - Referred to the House Committee on Ways and Means. Bill TextTo establish and provide for the treatment of Individual Development Accounts, and for other purposes. 2/7/2007--Introduced. Savings for Working Families Act of 2007 - Allows certain low-income individuals between age 18 and 61 to establish tax-exempt individual development accounts (IDAs) to pay for certain qualified expenses, including education expenses, first-time homebuyer costs, and business capitalization or expansion costs. Sets forth rules for the establishment, maintenance, and termination of IDAs. Permits tax-free withdrawals from IDAs for qualified expenses, but requires IDA beneficiaries to complete one or more financial education courses prior to making an IDA withdrawal.Allows certain financial institutions, tax-exempt organizations, and Indian tribes to sponsor and administer IDAs. Amends the Internal Revenue Code to allow such entities a business-related tax credit for the cost of administering IDAs and for making matching contributions to IDAs in parallel [...] show full description
Also tagged in: Bank accounts, Capital, College costs, Community development banking, Congress, Congressional reporting requirements, Education, Federal aid to Indians, Fees, Finance, Government information, Government paperwork, Grants-in-aid, Higher education, Home ownership, Housing, Housing finance, Income tax, Minorities, Nonprofit organizations, Personal budgets, Rural affairs, Saving and investment, Social services, Tax credits, Tax exclusion, Tax exemption, Taxation, Welfare, Welfare eligibility
Latest Action: 03/14/2007 - Read twice and referred to the Committee on Finance. Bill TextA bill to establish and provide for the treatment of Individual Development Accounts, and for other purposes. 3/14/2007--Introduced. Savings for Working Families Act of 2007 - Allows certain low-income individuals between age 18 and 61 to establish tax-exempt individual development accounts (IDAs) to pay for certain qualified expenses, including education expenses, first-time homebuyer costs, and business capitalization or expansion costs. Sets forth rules for the establishment, maintenance, and termination of IDAs. Permits tax-free withdrawals from IDAs for qualified expenses, but requires IDA beneficiaries to complete one or more financial education courses prior to making an IDA withdrawal.Allows certain financial institutions, tax-exempt organizations, and Indian tribes to sponsor and administer IDAs. Amends the Internal Revenue Code to allow such entities a business-related tax credit for the cost of administering IDAs and for making matching contributions to IDAs [...] show full description
Also tagged in: Actions and defenses, Air pollution, Collection of accounts, Compensation for victims of crime, Criminal justice, Criminal procedure, Environmental law enforcement, Environmental protection, Evidence (Law), Finance, Fines (Penalties), Injunctions, Law, Legal fees, Marine pollution, Marine resources, Potable water, Pretrial procedure, Searches and seizures, Sentences (Criminal procedure), Solid wastes, Suspects' rights, Warrants (Law), Water pollution, Water resources
Latest Action: 03/23/2007 - Sponsor introductory remarks on measure. (CR S3703-3704) Bill TextA bill to amend the Mandatory Victims' Restitution Act to improve restitution for victims of crime, and for other purposes. 3/22/2007--Introduced. Restitution for Victims of Crime Act of 2007 - Collection of Restitution Improvement Act of 2007 - Amends the federal criminal code relating to restitution for victims of crime to: (1) require courts to enter an order for immediate restitution at the sentencing of a convict; (2) allow prosecutors to obtain from the U.S. Probation Office, without a court order, financial information about a convict who owes restitution; (3) require identifying information about convicts to be included in restitution orders of more than $100; and (4) allow crime victims reimbursement of attorney fees incurred in seeking restitution. Preservation of Assets for Restitution Act of 2007 - Requires courts to issue protective orders for preservation of assets available to satisfy restitution claims. Provides for prejudgment remedies to protect assets [...] show full description
Also tagged in: Children, Federal aid to child health services, Finance, Health insurance, Health policy, Medicaid, Medical care, Medically uninsured, Medicine, Poor children, Supplemental security income program, Welfare, Welfare eligibility
Latest Action: 03/29/2007 - Read twice and referred to the Committee on Finance. Bill TextA bill to amend title XXI of the Social Security Act to eliminate the remainder of funding shortfalls for the State Children's Health Insurance Program (SCHIP) for fiscal year 2007, and for other purposes. 3/29/2007--Introduced. Amends title XXI (State Children's Health Insurance) (SCHIP) of the Social Security Act (SSA) to provide additional amounts to eliminate the remainder of SCHIP funding shortfalls for FY2007. Directs the Secretary of Health and Human Services, in order to verify SSA title XIX (Medicaid) financial eligibility, to collaborate with the Commissioner of Social Security for use of the system for obtaining financial institution information to verify eligibility for SSA title XVI (Supplemental Security Income) (SSI) benefits.
Also tagged in: Administrative procedure, Affiliated corporations, Automobile insurance, Bank accounts, Bank examination, Bank holding companies, Bank loans, Bank mergers, Banks and banking, Brokers, Business, Business insurance, Business records, Casualty insurance, Civil rights, Community development banking, Consent decrees, Consumer credit, Consumers, Data banks, Department of Housing and Urban Development, Department of the Treasury, Depressed areas, Discrimination in consumer credit, Economic policy, Executive departments, Fair housing, Federal Deposit Insurance Corporation, Federal reserve system, Finance, Financial institutions, Financial services, Fines (Penalties), Government corporations, Government information, Government paperwork, Government publicity, Housing, Information disclosure (Securities law), Injunctions, Insurance, Insurance agents, Insurance companies, Insurance premiums, Investment advisers, Investments, Law, Liability (Law), Minorities, Mortgage banks, Mortgage guaranty insurance, Mortgages, Mutual funds, Nonbank banks, Property insurance, Public meetings, Racial discrimination, Rural affairs, Securities industry, Securities regulation, Small business, Technology, Usury
Latest Action: 03/01/2007 - Referred to the House Committee on Financial Services. Bill TextTo enhance the availability of capital and credit for all citizens and communities, to ensure that community reinvestment keeps pace as banks, securities firms, and other financial service providers become affiliates as a result of the enactment of the Gramm-Leach-Bliley Act, and for other purposes. 3/1/2007--Introduced. Community Reinvestment Modernization Act of 2007 - Repeals specified revisions to regulations governing the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Director of the Office of Thrift Supervision. Reinstates banking agency regulations in effect before the publication of such revisions. Amends the Bank Holding Company Act of 1956 (BHCA) to subject to the Community Reinvestment Act of 1977 (CRA) nonbank affiliates of bank holding companies that engage in lending or offering banking products or services. Amends the CRA to require a rating reduction [...] show full description
Also tagged in: Actions and defenses, Administrative procedure, Banks and banking, Class actions (Civil procedure), Commodity Futures Trading Commission, Computer security measures, Consumer credit, Consumer education, Consumer protection, Consumers, Credit bureaus, Crime prevention, Criminal justice, Data banks, Department of the Treasury, Executive departments, Federal Deposit Insurance Corporation, Federal home loan banks, Federal preemption, Federal reserve system, Federal Trade Commission, Finance, Financial statements, Fraud, Government information, Government paperwork, Identification devices, Identity theft, Independent regulatory commissions, Law, National Credit Union Administration, Securities and Exchange Commission, State and local government, State laws, Technology, Telecommunication
Latest Action: 05/01/2007 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Bill TextA bill to protect information relating to consumers, to require notice of security breaches, and for other purposes. 5/1/2007--Introduced. Data Security Act of 2007 - Prescribes security procedures which an entity that maintains or communicates sensitive account or personal information must implement and enforce in order to protect the information from an unauthorized use likely to result in substantial harm or inconvenience to the consumer.Grants exclusive enforcement powers to specified federal regulatory agencies with oversight of financial institutions. Denies a private right of action, including a class action, regarding any act or practice regulated under this Act. Prohibits any civil or criminal action in state court or under state law relating to any act or practice governed under this Act. Prescribes data security standards to be implemented by federal agencies.Preempts state law with respect to the responsibilities of any person [...] show full description
Also tagged in: Bank capital, Bank examination, Bank holding companies, Bank management, Bank mergers, Business, Deposit insurance, Finance, Foreign banks and banking, International finance, Nonbank banks, Subsidiary corporations
Latest Action: 05/10/2007 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Bill TextA bill to amend the Federal Deposit Insurance Act to establish industrial bank holding company regulation, and for other purposes. 5/10/2007--Introduced. Industrial Bank Holding Company Act of 2007 - Amends the Federal Deposit Insurance Act (FDIA) to apply the bank share or asset acquisition requirements of the Bank Holding Company Act of 1956 to any company that is or would become an industrial bank holding company.Subjects an industrial bank to Federal Deposit Insurance Corporation (FDIC) requirements regarding registration, reporting, and bank examinations. Prohibits the FDIC from imposing capital or capital adequacy requirements on functionally regulated affiliates of any depository institution controlled by industrial bank holding companies meeting certain criteria. Requires a federal supervisory agency of an industrial bank holding company to forego examination of any depository institution subsidiary of the holding company. Authorizes the [...] show full description
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Latest Legislation - View All
Also tagged in: Budgets, Collection of accounts, Congress, Congressional reporting requirements, Criminal justice, Finance, Government information, Government publicity, Grants-in-aid, Health care fraud, Health policy, Intergovernmental fiscal relations, Medicaid, Medical care, State and local government, Welfare, Welfare eligibility
Latest Action: 04/10/2008 - Read twice and referred to the Committee on Finance. Bill TextA bill to amend title XIX of the Social Security Act to require asset verification through access to information held by financial institutions, to reduce fraud and abuse in State Medicaid programs, and for other purposes. 4/10/2008--Introduced. Medicaid Fraud Reduction Act of 2008 - Amends title XIX (Medicaid) of the Social Security Act (SSA), for purposes of determining or redetermining an individual's Medicaid eligibility, to direct each state to implement an asset verification program requiring Medicaid applicants or recipients to authorize the state to: (1) obtain records from a financial institution; and (2) use them to verify the individual's financial resources.Directs the Secretary of Health and Human Services to provide payments to eligible states to establish and carry out practices to reduce fraud under the state Medicaid program.Requires the Secretary to report to Congress on the feasibility of, and potential program savings from, implementing an [...] show full description
Also tagged in: Budgets, Collection of accounts, Congress, Congressional reporting requirements, Criminal justice, Finance, Government information, Government publicity, Grants-in-aid, Health care fraud, Health policy, Intergovernmental fiscal relations, Medicaid, Medical care, State and local government, Welfare, Welfare eligibility
Latest Action: 04/14/2008 - Referred to the Subcommittee on Health. Bill TextTo amend title XIX of the Social Security Act to require asset verification through access to information held by financial institutions, to reduce fraud and abuse in State Medicaid programs, and for other purposes. 4/10/2008--Introduced. Medicaid Fraud Reduction Act of 2008 - Amends title XIX (Medicaid) of the Social Security Act (SSA), for purposes of determining or redetermining an individual's Medicaid eligibility, to direct each state to implement an asset verification program requiring Medicaid applicants or recipients to authorize the state to: (1) obtain records from a financial institution; and (2) use them to verify the individual's financial resources.Directs the Secretary of Health and Human Services to provide payments to eligible states to establish and carry out practices to reduce fraud under the state Medicaid program.Requires the Secretary to report to Congress on the feasibility of, and potential program savings from, implementing an electronic [...] show full description
Also tagged in: Actions and defenses, Air pollution, Collection of accounts, Compensation for victims of crime, Criminal justice, Criminal procedure, Environmental law enforcement, Environmental protection, Evidence (Law), Finance, Fines (Penalties), Injunctions, Law, Legal fees, Marine pollution, Marine resources, Potable water, Pretrial procedure, Searches and seizures, Sentences (Criminal procedure), Solid wastes, Suspects' rights, Warrants (Law), Water pollution, Water resources
Latest Action: 12/03/2007 - Referred to the Subcommittee on Crime, Terrorism, and Homeland Security. Bill TextTo amend the Mandatory Victims' Restitution Act to improve restitution for victims of crime, and for other purposes. 11/7/2007--Introduced. Restitution for Victims of Crime Act of 2007 - Collection of Restitution Improvement Act of 2007 - Amends the federal criminal code relating to restitution for victims of crime to: (1) require courts to enter an order for immediate restitution at the sentencing of a convict; (2) allow prosecutors to obtain from the U.S. Probation Office, without a court order, financial information about a convict who owes restitution; (3) require identifying information about convicts to be included in restitution orders of more than $100; and (4) allow crime victims reimbursement of attorney fees incurred in seeking restitution. Preservation of Assets for Restitution Act of 2007 - Requires courts to issue protective orders for preservation of assets available to satisfy restitution claims. Provides for prejudgment remedies to protect assets available [...] show full description
Also tagged in: Administrative procedure, Banks and banking, Business, Crime prevention, Criminal justice, Department of the Treasury, Executive departments, Finance, Financial institutions, Fines (Penalties), Government information, Government paperwork, Law, Liability (Law), Money laundering
Latest Action: 07/23/2008 - Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Bill TextTo amend section 5318 of title 31, United States Code, to eliminate regulatory burdens imposed on insured depository institutions and money services businesses and enhance the availability of transaction accounts at depository institutions for such business, and for other purposes. 7/22/2008--Passed House amended. (There is 1 other summary) Money Service Business Act of 2008 -Amends federal law governing anti-money laundering programs to provide that an insured depository institution has no obligation to review the compliance with federal anti-money laundering requirements of a money transmitting business for whom it maintains an account if such institution has on file specified mandatory self-certifications submitted by the money transmitting business.Sets forth civil and criminal penalties for violations of this Act without regard to whether such violations were willful.Shields such institution from liability for the non-compliance of [...] show full description
Also tagged in: Administrative procedure, Computer crimes, Conspiracy, Counterfeiting, Criminal investigation, Criminal justice, Department of Homeland Security, Department of Justice, Electronic government information, Electronic surveillance, Executive departments, Extortion, Federal Bureau of Investigation (FBI), Federal law enforcement officers, Finance, Forfeiture, Fraud, Government employees, Government information, Identity theft, Intelligence activities, Law, Organized crime, Prosecution, Recruiting of employees, Secret service, Sentences (Criminal procedure), Sentencing guidelines, Technology, U.S. Sentencing Commission
Latest Action: 10/22/2007 - Sponsor introductory remarks on measure. (CR S13194-13195) Bill TextA bill to amend title 18, United States Code, to improve prevention, investigation, and prosecution of cyber-crime, and for other purposes. 10/22/2007--Introduced. Cyber-Crime Act of 2007 - Amends the federal criminal code to: (1) add criminal penalties for conspiracy to intentionally access a protected computer (i.e., computers serving the federal government or financial institutions); (2) redefine the crime of computer-related extortion to include threats to access without authorization (or to exceed authorized access of) a protected computer; (3) impose criminal penalties for damaging 10 or more protected computers during any one-year period; (4) expand the definition of racketeering to include computer fraud; (5) eliminate the interstate communication requirement for purposes of prosecuting computer fraud offenses; and (6) impose civil forfeiture penalties for unauthorized access to protected computers.Directs the U.S. Sentencing Commission to review and revise [...] show full description
Also tagged in: Administrative procedure, Banks and banking, Business, Children, Civil liberties, Compensation for victims of crime, Computer crimes, Computer software, Conspiracy, Counterfeiting, Criminal justice, Electronic surveillance, Executive departments, Extortion, Finance, Forfeiture, Fraud, Government property, Homicide, Identity theft, Infrastructure, Infrastructure (Economics), Jurisdiction, Juvenile delinquency, Law, Prosecution, Right of privacy, Securities fraud, Sentences (Criminal procedure), Sentencing guidelines, Taxation, Technology, Trade secrets, U.S. Sentencing Commission
Latest Action: 02/04/2008 - Referred to the Subcommittee on Crime, Terrorism, and Homeland Security. Bill TextA bill to amend title 18, United States Code, to enable increased federal prosecution of identity theft crimes and to allow for restitution to victims of identity theft. 11/15/2007--Passed Senate amended. (There are 2 other summaries) Identity Theft Enforcement and Restitution Act of 2007 - Amends the federal criminal code to: (1) authorize criminal restitution orders in identity theft cases to compensate victims for the time spent to remediate the intended or actual harm incurred; (2) expand identity theft and aggravated identity theft crimes to include offenses against organizations (currently, only natural persons are protected); (3) include conspiracy to commit a felony within the definition of "felony violation" for purposes of aggravated identity theft crimes; (4) include making, uttering, or possessing counterfeited securities, mail theft, and tax fraud as predicate offenses for aggravated identity theft; (5) enable prosecution of computer [...] show full description
Also tagged in: Administrative procedure, Business, Business records, Civil liberties, Consumer credit, Courts of special jurisdiction, Credit bureaus, Criminal investigation, Criminal justice, Data banks, Department of Justice, Executive departments, Finance, Foreign agents, Foreign policy, Government information, Government publicity, Intelligence activities, Judicial review, Law, Liability (Law), Right of privacy, Standards, Subpoena, Technology, Telecommunication, Telecommunication industry, Warrants (Law)
Latest Action: 04/23/2008 - Committee on the Judiciary. Hearings held. Bill TextA bill to place reasonable limitations on the use of National Security Letters, and for other purposes. 9/25/2007--Introduced. National Security Letter Reform Act of 2007 or the NSL Reform Act of 2007 - Amends the federal criminal code, the Right to Financial Privacy Act of 1978, and the Fair Credit Reporting Act to establish new criteria for the use of National Security Letters issued by the Federal Bureau of Investigation (FBI) to wire or electronic communications service providers, financial institutions, and consumer credit reporting agencies for the production of specified records and information about customers or subscribers. Allows the issuance of a National Security Letter only where: (1) the records sought relate to an ongoing, authorized and specifically identified national security investigation (other than a threat assessment); and (2) there are specific and articulable facts for believing that such records pertain to a suspected agent of a foreign power [...] show full description
Also tagged in: Drugs, Fees, Finance, Health policy, Long-term care, Medicaid, Medical care, Medicine, Pharmacies, Prescription pricing, Supplemental security income program, Welfare, Welfare eligibility
Latest Action: 07/26/2007 - Referred to the House Committee on Energy and Commerce. Bill TextTo amend title XIX of the Social Security Act to establish a minimum State dispensing fee for covered outpatient multiple source drugs under the Medicaid Program, to modify the application of the average manufacturer price (AMP) methodology to drug rebates, to eliminate the State option to increase the cap amount on the equity asset test for individuals' eligibility for long-term care assistance under such program, and to extend an SSI asset verification demonstration to Medicaid. 7/26/2007--Introduced. Access to Community Pharmacy Preservation Act of 2007 - Amends title XIX (Medicaid) of the Social Security Act (SSA) to require states to pay dispensing fees for Medicaid covered outpatient drugs. Directs a state which provides medical assistance for covered outpatient drugs to establish a minimum Medicaid dispensing fee of at least $8 per unit for covered outpatient multiple source drugs. Revises the requirement for application of the federal upper pharmacy reimbursement [...] show full description
Latest Action: 08/10/2007 - Referred to the Subcommittee on Crime, Terrorism, and Homeland Security. Bill TextTo provide additional tools and resources to combat terrorism financing. 7/24/2007--Introduced. Combating Terrorism Financing Act of 2007 - Amends the federal criminal code to: (1) expand prohibitions against conducting monetary transactions over $10,000 for the purpose of engaging in interstate criminal activities; (2) authorize the Attorney General to obtain a 30-day ex parte court order freezing the bank account of any individual arrested or charged for crimes involving the movement of funds into or out of the United States; (3) expand money laundering prohibitions to include monetary transactions; and (4) include monetary transactions involving commingled funds or structured transactions in prosecuting interstate transfers of funds greater than $10,000 for criminal purposes. Includes within the requirement to report monetary transactions exceeding $10,000 blank monetary instruments in bearer form drawn on accounts found to contain more than $10,000.
Also tagged in: Authorization, Budgets, Criminal justice, Criminal justice information, Data banks, Department of the Treasury, Executive departments, Finance, Government information, International banking, International finance, Money laundering, Technology, White collar crime
Latest Action: 05/22/2007 - Referred to the House Committee on Financial Services. Bill TextTo reauthorize the Financial Crimes Enforcement Network. 5/22/2007--Introduced. FinCEN Reauthorization Act of 2007 - Authorizes appropriations for the Financial Crimes Enforcement Network (FinCEN) through FY2012.
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