Bulk Cash Smuggling Act of 1999

Summary

Bulk Cash Smuggling Act of 1999 - Prohibits, and sets penalties for, knowingly concealing, with intent to evade a currency reporting requirement, more than $10,000 in currency or other monetary instruments on an individual's person or in any conveyance, article of luggage, merchandise, or other container and transporting or transferring such currency or monetary instruments (or attempting to do so) from a place within, to a place outside, the United States, or vice versa. Sets forth forfeiture provisions. Directs the court, upon a showing by the property owner by a preponderance of the evidence that the currency or monetary instruments involved in the offense giving rise to the forfeiture were derived from a legitimate source and were intended for a lawful purpose, to reduce the forfeiture to the maximum amount that is not grossly disproportional to the gravity of the offense. (Sec. 4) Revises provisions regarding search and forfeiture of monetary instruments to direct the court, in imposing sentence for any violation of specified currency and monetary instrument reporting requirements, or conspiracy to commit such a violation, to order the defendant to forfeit all property involved in the offense and any property traceable thereto. Sets forth provisions regarding procedures governing forfeiture, civil forfeiture, and proportionality of the forfeiture.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 6 January 1999

   Introduced

   Referred to the House Committee on Banking and Financial Services.

   Source: IntroReferral

2. 6 January 1999

   Introduced

   Introduced in House

   Source: IntroReferral

3. 6 January 1999

   Introduced

   Introduced in House

   Source: IntroReferral

4. 12 February 1999

   Referred

   Referred to the Subcommittee on Financial Institutions and Consumer Credit.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 6 January 1999 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 6 January 1999

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 6 January 1999

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 6 January 1999

  Open at official source

Sponsors

• Rep. Roukema, Marge [R-NJ-5] · R · Sponsor
• Rep. Vento, Bruce F. [D-MN-4] · D · Cosponsor
• · hsba00 · Standing

Related records

No cross-record relationships stored yet.