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United States · Bill · S

S. 572 (99th)

Money Laundering Crimes Act

openUnited States· United States Congress· EN

Introduced

5 March 1985

Last action

29 October 1985 · Committee

Status

Committee on Judiciary. Hearings held. Hearings printed: S.Hrg. 99-540.

Sponsors

Sen. D'Amato, Alfonse [R-NY], Sen. Hawkins, Paula [R-FL], Sen. Proxmire, William [D-WI], Sen. Abdnor, James [R-SD], Sen. Riegle, Donald W., Jr. [D-MI], Sen. Wilson, Pete [R-CA], Sen. Heinz, John [R-PA], Sen. Trible, Paul S., Jr. [R-VA]

Subjects

Discovery layer

Source updated

10 August 2026

Official sourceView documentsShare

Summary

Money Laundering Crimes Act - Amends the Federal criminal code to establish money laundering as a Federal criminal offense. Sets forth fines and penalties to be imposed against anyone who conducts transactions involving monetary instruments through a financial institution engaged in or affecting interstate commerce: (1) with the intention of carrying out specified types of unlawful activity; or (2) with knowledge that such monetary instruments represent income derived from such unlawful activity. Requires investigation of such an offense by the Federal Bureau of Investigation, the Drug Enforcement Administration, and the Internal Revenue Service, as appropriate. Establishes extraterritorial jurisdiction over such prohibited conduct.

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

Timeline

  1. 5 March 1985

    Introduced

    Read twice and referred to the Committee on Judiciary.

    Source: IntroReferral

  2. 5 March 1985

    Introduced

    Introduced in Senate

    Source: IntroReferral

  3. 9 May 1985

    Referred

    Referred to Subcommittee on Criminal Law.

    Source: Committee

  4. 10 May 1985

    Committee

    Committee on Judiciary requested executive comment from Justice Department.

    Source: Committee

  5. 22 July 1985

    Committee

    Committee on Judiciary. Subcommittee on Criminal Law discharged from further consideration thereof.

    Source: Committee

  6. 29 October 1985

    Committee

    Committee on Judiciary. Hearings held. Hearings printed: S.Hrg. 99-540.

    Source: Committee

Votes

No vote records are attached yet.

Versions

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Documents

1 official file

Leesvertaling

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Sponsors

Related records

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Sources

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