A bill to amend section 1956 of title 18, United States Code to include equity skimming as a predicate offense, to amend section 1516 of title 18, United States Code to curtail delays in the perfomance of audits, and for other purposes.

Summary

Amends the Federal criminal code to: (1) include equity skimming as a money laundering offense; and (2) include within provisions pertaining to obstruction of a Federal audit, attempts to influence, obstruct, or impede a Federal auditor in the performance of official duties relating to any property that is security for a mortgage that is insured, guaranteed, acquired, or held by the Secretary of Housing and Urban Development pursuant to specified provisions described in the National Housing Act. Amends such Act to require each contract for mortgage insurance to authorize the Secretary to recover from an owner, agent, manager, or other person (owner) who is otherwise in custody, control, or possession of property that is security for a mortgage note insured, acquired, or held by the Secretary and who is convicted of equity skimming, an amount equal to the sum of any benefit of insurance conferred on the mortgagee by the Secretary with respect to such property and any other losses incurred by the Secretary in connection with such property if the Secretary determines that the violation contributed to such conferred benefit or incurred loss. Specifies that any recovery under this provision shall be in addition to any fine, imprisonment, or other penalty imposed under such Act.

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Timeline

1. 21 July 1995

   Introduced

   Read twice and referred to the Committee on Banking.

   Source: IntroReferral

2. 21 July 1995

   Introduced

   Sponsor introductory remarks on measure. (CR S10494-10495)

   Source: IntroReferral

3. 21 July 1995

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 21 July 1995 · Download file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 21 July 1995

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 21 July 1995

  ViewDownloadOpen at official source

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• Introduced in Senate

  summary · EN · 21 July 1995

  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

• Sen. Cohen, William S. [R-ME] · R · Sponsor
• Sen. D'Amato, Alfonse [R-NY] · R · Sponsor
• Sen. Bond, Christopher S. [R-MO] · R · Sponsor
• Sen. Faircloth, Lauch [R-NC] · R · Sponsor
• Sen. Mack, Connie, III [R-FL] · R · Sponsor
• · ssbk00 · Standing

Related records

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