National Financial Crimes Strategy Act of 1996

Summary

National Financial Crimes Strategy Act of 1996 - Amends the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 to prescribe guidelines under which: (1) the President, acting through the Secretary of the Treasury (the Secretary), shall develop and submit to the Congress a national strategy for combating financial crimes; and (2) the Secretary is authorized to designate any geographical area of the United States as a "high-intensity financial crime area." Confers principal responsibility upon the Secretary for implementing the national strategy for combating financial crimes. Authorizes the Secretary to provide grants to any consortium of three or more State or local law enforcement agencies and prosecutors in order to provide the necessary funding for investigation and prosecution. Amends Federal monetary law to require the Director of the Office of Management and Budget to establish the funding for financial crime law enforcement activities for each applicable department or agency as a separate object class in each annual budget.

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3 official files

• Introduced in House (text)

  Introduced in House · EN · 31 July 1996

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• Introduced in House (PDF)

  Introduced in House · EN · 31 July 1996

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• Introduced in House

  summary · EN · 31 July 1996

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