Depository Institution Money Laundering Amendments of 1990

Summary

Depository Institution Money Laundering Amendments of 1990 - Amends the Federal Deposit Insurance Act, the Federal Credit Union Act, and other Federal law to: (1) revoke the national charter and attendant privileges of depository institutions convicted of money laundering or cash transaction reporting offenses; and (2) terminate the insured status of any State depository institution or credit union convicted of such offenses.

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

Timeline

1. 23 January 1990

   Introduced

   Referred to the House Committee on Banking, Finance + Urban Affrs.

   Source: IntroReferral

2. 23 January 1990

   Introduced

   Introduced in House

   Source: IntroReferral

3. 23 January 1990

   Introduced

   Introduced in House

   Source: IntroReferral

4. 1 February 1990

   Referred

   Referred to the Subcommittee on Financial Institutions Supervision, Regulation and Insurance.

   Source: Committee

5. 8 March 1990

   Committee

   Forwarded by Subcommittee to Full Committee (Amended).

   Source: Committee

6. 8 March 1990

   Committee

   Subcommittee Consideration and Mark-up Session Held.

   Source: Committee

7. 8 March 1990

   Committee

   Subcommittee Hearings Held.

   Source: Committee

8. 22 March 1990

   Reported

   Ordered to be Reported (Amended).

   Source: Committee

9. 22 March 1990

   Committee

   Committee Consideration and Mark-up Session Held.

   Source: Committee

10. 3 April 1990

    Calendars

    Placed on the Union Calendar, Calendar No. 273.

    Source: Calendars

11. 3 April 1990

    Reported

    Reported (Amended) by the Committee on Banking, Finance + Urban Affrs. H. Rept. 101-446.

    Source: Committee

12. 3 April 1990

    Reported

    Reported (Amended) by the Committee on Banking, Finance + Urban Affrs. H. Rept. 101-446.

    Source: Committee

13. 18 April 1990

    Reported

    Rules Committee Resolution H. Res. 378 Reported to House. Rule provides for consideration of H.R. 3848 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit. Measure will be read by section. Bill is open to amendments. It shall be in order to consider the amendment in the nature of a substitute recommended by the Committee on Banking, Finance and Urban Affairs now printed in the bill as an original bill for the purpose of amendment under the five-minute rule and all points of order against said substitute for failure to comply with the provisions of clause 7 of rule XVI shall be waived.

    Source: Floor

14. 25 April 1990

    Floor

    House resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 378 and Rule XXIII.

    Source: Floor

15. 25 April 1990

    Floor

    Rule provides for consideration of H.R. 3848 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit. Measure will be read by section. Bill is open to amendments. It shall be in order to consider the amendment in the nature of a substitute recommended by the Committee on Banking, Finance and Urban Affairs now printed in the bill as an original bill for the purpose of amendment under the five-minute rule and all points of order against said substitute for failure to comply with the provisions of clause 7 of rule XVI shall be waived.

    Source: Floor

16. 25 April 1990

    Floor

    Considered under the provisions of rule H. Res. 378.

    Source: Floor

17. 25 April 1990

    Passed

    Rule H. Res. 378 passed House.

    Source: Floor

18. 25 April 1990

    Passed

    Motion to reconsider laid on the table Agreed to without objection.

    Source: Floor

19. 25 April 1990

    Passed

    The title of the measure was amended. Agreed to without objection.

    Source: Floor

20. 25 April 1990

    Vote

    On passage Passed by recorded vote: 406 - 0 (Roll no. 82).

    Source: Floor

21. 25 April 1990

    Vote

    Passed/agreed to in House: On passage Passed by recorded vote: 406 - 0 (Roll no. 82).

    Source: Floor

22. 25 April 1990

    Passed

    The House adopted the amendment in the nature of a substitute as agreed to by the Committee of the Whole House on the state of the Union.

    Source: Floor

23. 25 April 1990

    Floor

    The previous question was ordered pursuant to the rule.

    Source: Floor

24. 25 April 1990

    Floor

    The House rose from the Committee of the Whole House on the state of the Union to report H.R. 3848.

    Source: Floor

25. 25 April 1990

    Floor

    The Speaker designated the Honorable William J. Hughes to act as Chairman of the Committee.

    Source: Floor

26. 26 April 1990

    Introduced

    Received in the Senate and read twice and referred to the Committee on Banking.

    Source: IntroReferral

27. 18 May 1990

    Committee

    Committee on Banking. Hearings held. Hearings printed: S.Hrg. 101-905.

    Source: Committee

28. 8 November 1990

    Floor

    See also S. 3266.

    Source: Floor

Votes

No vote records are attached yet.

Versions

• Engrossed in House · — · Download file
• Introduced in House · — · Download file
• Referred in Senate · — · Download file
• Reported in House · — · Download file

Documents

7 official files

• Reported in House (text)

  Reported in House · EN

  ViewDownloadOpen at official source

• Referred in Senate (text)

  Referred in Senate · EN

  ViewDownloadOpen at official source

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  Vertaal document

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• Introduced in House (text)

  Introduced in House · EN

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• Engrossed in House (text)

  Engrossed in House · EN

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  Vertaal document

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• Passed House amended

  summary · EN · 25 April 1990

  Open at official source

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  Vertaal document

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• Reported to House with amendment(s)

  summary · EN · 3 April 1990

  Open at official source

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  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

• Introduced in House

  summary · EN · 23 January 1990

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Annunzio, Frank [D-IL-11] · D · Sponsor
• Rep. Hubbard, Carroll, Jr. [D-KY-1] · D · Sponsor
• Rep. Vento, Bruce F. [D-MN-4] · D · Sponsor
• Rep. Kleczka, Gerald D. [D-WI-4] · D · Sponsor
• Rep. Kanjorski, Paul E. [D-PA-11] · D · Sponsor
• Rep. Flake, Floyd H. [D-NY-6] · D · Sponsor
• Rep. Mfume, Kweisi [D-MD-7] · D · Sponsor
• Rep. Hoagland, Peter [D-NE-2] · D · Sponsor
• Rep. Roth, Toby [R-WI-8] · R · Sponsor
• Rep. Bates, Jim [D-CA-44] · D · Sponsor
• Rep. Bryant, John W. [D-TX-5] · D · Sponsor
• Rep. Foglietta, Thomas M. [D-PA-1] · D · Sponsor
• Rep. Penny, Timothy J. [D-MN-1] · D · Sponsor
• Rep. Roe, Robert A. [D-NJ-8] · D · Sponsor
• Rep. Bilbray, James H. [D-NV-1] · D · Cosponsor
• Rep. Chapman, Jim [D-TX-1] · D · Cosponsor
• Rep. Costello, Jerry F. [D-IL-12] · D · Cosponsor
• Rep. Hyde, Henry J. [R-IL-6] · R · Cosponsor
• Rep. Lipinski, William O. [D-IL-3] · D · Cosponsor
• Rep. McMillen, Thomas [D-MD-4] · D · Cosponsor
• Rep. Morella, Constance A. [R-MD-8] · R · Cosponsor
• Rep. Schiff, Steven [R-NM-1] · R · Cosponsor
• Rep. Torres, Esteban Edward [D-CA-34] · D · Cosponsor
• Rep. Walsh, James T. [R-NY-25] · R · Cosponsor
• Rep. Baker, Richard H. [R-LA-6] · R · Cosponsor
• Rep. Bevill, Tom [D-AL-4] · D · Cosponsor
• Rep. Ford, William D. [D-MI-13] · D · Cosponsor
• Rep. Glickman, Dan [D-KS-4] · D · Cosponsor
• Rep. Guarini, Frank J. [D-NJ-14] · D · Cosponsor
• Rep. Kaptur, Marcy [D-OH-9] · D · Cosponsor
• Rep. Lagomarsino, Robert J. [R-CA-19] · R · Cosponsor
• Rep. Lancaster, H. Martin [D-NC-3] · D · Cosponsor
• Rep. Owens, Wayne [D-UT-2] · D · Cosponsor
• Rep. Rangel, Charles B. [D-NY-15] · D · Cosponsor
• · ssbk00 · Standing
• · hsba00 · Standing

Related records

• related to → Providing for the consideration of the bill (H.R. 3848) to require the appropriate Federal depository institution regulatory agency to revoke the charter of any Federal depository institution which is found guilty of a crime involving money laundering or monetary transaction report offenses and to require the Federal Deposit Insurance Corporation and the National Credit Union Administration Board to terminate the deposit insurance of any State depository institution which is found guilty of any such crime.
• related to ← Crime Control Act of 1990
• amends ← An amendment to require the Treasury Department to collect information on currency confiscated in drug enforcement actions and drug-related money laundering operations, including the dollar amounts of each denomination of currency confiscated. The Department would also be required to report to Congress on what other information would be needed to determine whether $50 and $100 dollar bills are used primarily for drug trafficking and other illegal activities, and on what other information would be needed to determine the feasibility of withdrawing $50 and $100 dollar bills from circulation.
• amends ← An amendment to require the Treasury Department to establish a pilot program of recordkeeping for international electronic transfers of funds that would require customers to supply to banks the names, addresses, and account numbers of parties involved in the transaction. The Treasury Department would have discretion as to which specific banks and categories of international wire transfers would be involved in the pilot program. After one year, the Department would have to certify to Congress that the recordkeeping program is cost effective, useful to law enforcement, and not detrimental to legitimate commerce, before the program could be implemented on a national basis. The amendment would eliminate the bill's specific requirement that the Department adopt, by the end of 1990, final regulations concerning the recordkeeping of international wire transfers, but would not preclude Treasury from continuing to prepare such regulations.
• amends ← An amendment to add a new section requiring that Congressional check cashing and deposit services be subject to cash reporting requirements.
• amends ← An amendment to establish guidelines regarding a model statute for uniform regulation of cash transmittal businesses by the states. Specifically, states would limit the fee charged by these businesses for cashing checks to 1.5% of the value of the check or $8, whichever is less. The amendment also requires such businesses to publicly display their fee schedules in English and Spanish.
• amends ← An amendment to remove the stipulation from the Foglietta amendment which requires businesses to display their fee schedules in English and Spanish.