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H.R.3317: Holding Individuals Accountable and Deterring Money Laundering Act

About this Bill

This bill was introduced in the 113th Congress
This bill is primarily about crime and law enforcement
You can read the bill
Sponsor Maxine Waters, D-Calif.
Total Cosponsors 8 (All Democrats)
Introduced Oct. 23, 2013
Latest Major Action Jan. 9, 2014
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Bill Progress

  • Bill introduced in the House   
  • Bill passed in the House   
  • Bill passed in the Senate   
  • Bill signed into law

Bill Summary

Holding Individuals Accountable and Deterring Money Laundering Act - Amends provisions of federal law known as the Bank Secrecy Act of 1970 relating to money laundering violations to: (1) increase civil penalties for willful violations of anti-money laundering laws; (2) increase the civil penalty for negligent violations of such laws and impose a penalty on partners, directors, officers, or employees of a financial institution for such violations; and (3) impose a 20-year maximum prison term for individuals who facilitate evasion of an anti-money laundering program or control. Directs the Comptroller General (GAO) to study contrasting mandatory minimum sentencing laws and guidelines for narcotics-related offenses and Department of Justice (DOJ) prosecutorial discretion in determining penalties for violations of anti-money laundering laws. 

Authorizes a court, in granting an injunction directed at money laundering activities, to issue a conditional or permane...

(Source: Congressional Research Service)

Bill Actions

Date Description
Jan. 9, 2014 Referred to the Subcommittee on Crime, Terrorism, Homeland Security, and Investigations.
Oct. 23, 2013 Referred to House Judiciary
Oct. 23, 2013 Referred to House Financial Services