United States · Bill · HR
H.R. 3235 (103rd)
Money Laundering Suppression Act of 1994
Introduced
7 October 1993
Last action
23 March 1994 · Introduced
Status
Received in the Senate and read twice and referred to the Committee on Banking.
Sponsors
Rep. Gonzalez, Henry B. [D-TX-20], Rep. Neal, Stephen L. [D-NC-5], Rep. Flake, Floyd H. [D-NY-6], Rep. Kanjorski, Paul E. [D-PA-11], Rep. Pickle, J. J. [D-TX-10], Rep. Velázquez, Nydia M. [D-NY-7], Rep. Hinchey, Maurice D. [D-NY-22], Rep. Wynn, Albert Russell [D-MD-4], Rep. Torres, Esteban Edward [D-CA-34], Rep. Minge, David [D-MN-2], Rep. Klein, Herbert C. [D-NJ-8]
Subjects
Discovery layer
Source updated
14 January 2025
Summary
Antimoney Laundering Act of 1993 - Amends Federal law to prescribe guidelines for both mandatory and discretionary exemptions from monetary transaction reporting requirements for depository institutions. Directs the Secretary of the Treasury (the Secretary) to: (1) submit an annual status report to the Congress on the consequent reduction in the overall number of currency transaction reports; (2) streamline currency transaction reports to eliminate information of little value for law enforcement purposes; and (3) assign a single designee to receive reports of suspicious transactions. Directs the Comptroller of the Currency and the Board of Governors of the Federal Reserve System to each establish a pilot program to test the feasibility of using their own examiners to identify money laundering schemes involving depository institutions under their purview. Includes negotiable instruments drawn on foreign banks within the purview of monetary transactions subject to Federal recordkeeping and reporting requirements. Empowers Federal banking agencies to assess civil money penalties. Expresses the sense of the Congress that the States should: (1) establish uniform laws for licensing and regulating businesses which, although not depository institutions, engage in currency transactions; (2) provide sufficient resources for regulatory enforcement; and (3) develop a model statute to implement the regulatory scheme. Directs the Secretary to study and report to the Congress on the States' progress towards developing a model statute. Sets forth Federal registration requirements for money transmitting businesses. Establishes civil and criminal penalties for violation of such requirements. Includes certain casinos and gaming establishments within the purview of monetary transactions subject to Federal recordkeeping and reporting requirements. Denies exemption from Federal recordkeeping and reporting requirements for monetary instruments transactions to: (1) any State or its political subdivisions; and (2) financial institutions already subject to State regulation. Revokes prior recordkeeping exemptions granted prior to the date of enactment of this Act. Requires the Secretary to study and report to the Congress on cashiers' checks in association with: (1) money laundering schemes; and (2) the need for additional recordkeeping requirements.
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
7 October 1993
Introduced
Referred to the House Committee on Banking, Finance + Urban Affrs.
Source: IntroReferral
7 October 1993
Introduced
Introduced in House
Source: IntroReferral
7 October 1993
Introduced
Introduced in House
Source: IntroReferral
18 October 1993
Referred
Referred to the Subcommittee on Financial Institutions Supervision, Regulation and Deposit Insurance.
Source: Committee
20 October 1993
Committee
Subcommittee Hearings Held.
Source: Committee
2 March 1994
Committee
Forwarded by Subcommittee to Full Committee (Amended) by Voice Vote.
Source: Committee
2 March 1994
Committee
Subcommittee Consideration and Mark-up Session Held.
Source: Committee
9 March 1994
Committee
Committee Consideration and Mark-up Session Held.
Source: Committee
9 March 1994
Reported
Ordered to be Reported (Amended) by Voice Vote.
Source: Committee
21 March 1994
Passed
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.
Source: Floor
21 March 1994
Passed
Motion to reconsider laid on the table Agreed to without objection.
Source: Floor
21 March 1994
Passed
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.
Source: Floor
21 March 1994
Floor
DEBATE - The House proceeded with forty minutes of debate.
Source: Floor
21 March 1994
Floor
Considered under suspension of the rules. (consideration: CR H1558-1564)
Source: Floor
21 March 1994
Floor
Mr. Gonzalez moved to suspend the rules and pass the bill, as amended.
Source: Floor
21 March 1994
Calendars
Placed on the Union Calendar, Calendar No. 241.
Source: Calendars
21 March 1994
Reported
Reported (Amended) by the Committee on Banking, Finance + Urban Affrs. H. Rept. 103-438.
Source: Committee
21 March 1994
Reported
Reported (Amended) by the Committee on Banking, Finance + Urban Affrs. H. Rept. 103-438.
Source: Committee
23 March 1994
Introduced
Received in the Senate and read twice and referred to the Committee on Banking.
Source: IntroReferral
Votes
No vote records are attached yet.
Versions
- Referred in Senate · 23 March 1994 · Download file
- Engrossed in House · 21 March 1994 · Download file
- Reported in House · 21 March 1994 · Download file
- Introduced in House · 10 November 1993 · Download file
Documents
10 official files
Referred in Senate (text)
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Referred in Senate (text)
Referred in Senate · EN · 23 March 1994
Referred in Senate (PDF)
Referred in Senate · EN · 23 March 1994
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Reported in House (text)
Reported in House · EN · 21 March 1994
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Reported in House (PDF)
Reported in House · EN · 21 March 1994
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Engrossed in House (text)
Engrossed in House · EN · 21 March 1994
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Engrossed in House (PDF)
Engrossed in House · EN · 21 March 1994
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Passed House amended
summary · EN · 21 March 1994
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Introduced in House (text)
Introduced in House · EN · 10 November 1993
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Introduced in House (PDF)
Introduced in House · EN · 10 November 1993
ViewDownloadOpen at official source
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Introduced in House
summary · EN · 7 October 1993
Leesvertaling
Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.
Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.
Sponsors
- Rep. Gonzalez, Henry B. [D-TX-20] · D · Sponsor
- Rep. Neal, Stephen L. [D-NC-5] · D · Sponsor
- Rep. Flake, Floyd H. [D-NY-6] · D · Cosponsor
- Rep. Kanjorski, Paul E. [D-PA-11] · D · Cosponsor
- Rep. Pickle, J. J. [D-TX-10] · D · Cosponsor
- Rep. Velázquez, Nydia M. [D-NY-7] · D · Cosponsor
- Rep. Hinchey, Maurice D. [D-NY-22] · D · Cosponsor
- Rep. Wynn, Albert Russell [D-MD-4] · D · Cosponsor
- Rep. Torres, Esteban Edward [D-CA-34] · D · Cosponsor
- Rep. Minge, David [D-MN-2] · D · Cosponsor
- Rep. Klein, Herbert C. [D-NJ-8] · D · Cosponsor
- · ssbk00 · Standing
- · hsba00 · Standing
Related records
No cross-record relationships stored yet.
Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/103rd-congress/house-bill/3235
- Open data entity: https://api.congress.gov/v3/bill/103/hr/3235
- us · 103-hr-3235 · source updated 14 January 2025