I
106TH CONGRESS
2D SESSION
H. R. 4695
To enhance the ability of law enforcement to combat money laundering.
IN THE HOUSE OF REPRESENTATIVES
JUNE 20, 2000
Mr. MCCOLLUM (for himself and Mrs. ROUKEMA) introduced the following
bill; which was referred to the Committee on the Judiciary, and in addi-
tion to the Committees on Banking and Financial Services, and Ways
and Means, for a period to be subsequently determined by the Speaker,
in each case for consideration of such provisions as fall within the juris-
diction of the committee concerned
A BILL
To enhance the ability of law enforcement to combat money
laundering.
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ‘‘Money Laundering Act
of 2000’’.
SEC. 2. TABLE OF CONTENTS.
The table of contents for this Act is as follows:
Sec. 1. Short title.
Sec. 2. Table of contents.
Sec. 3. Illegal money transmitting businesses.
Sec. 4. Long-arm jurisdiction over foreign money launderers.
Sec. 5. Laundering money through a foreign bank.
Sec. 6. Specified unlawful activity for money laundering.
Sec. 7. Criminal forfeiture for money laundering conspiracies.
Sec. 8. Subpoenas for bank records.
Sec. 9. Charging money laundering as a course of conduct.
Sec. 10. Venue in money laundering cases.
Sec. 11. Technical amendment to restore wiretap authority for certain money
laundering offenses.
Sec. 12. Knowledge that the property is the proceeds of a felony.
Sec. 13. Money purchased on the black market.
Sec. 14. Money laundering transaction; commingled accounts.
Sec. 15. Discovery procedure for locating laundered money.
Sec. 16. Repatriation of property placed beyond the jurisdiction of the court.
Sec. 17. Laundering the proceeds of terrorism.
Sec. 18. Bulk cash smuggling.
Sec. 19. Currency couriers.
Sec. 20. Violations of section 60501.
Sec. 21. Proceeds of foreign crimes.
Sec. 22. Authorization to share recovered property with cooperating foreign
governments.
Sec. 23. In personam judgments.
Sec. 24. Criminal forfeiture of property in Government custody.
Sec. 25. Restraint of property subject to criminal forfeiture.
Sec. 26. Including agencies of tribal governments in the definition of a financial
institution.
Sec. 27. Transfer of reporting requirements from section 60501 of the Internal
Revenue Code of 1986 to title 31, United States Code.
Sec. 28. Penalties for violations of geographic targeting orders and certain
record keeping requirements.
Sec. 29. Inadmissibility of aliens involved in money laundering.
Sec. 30. Miscellaneous minor amendments.
Sec. 31. Collection or criminal forfeiture judgment.
Sec. 32. Nonabatement of forfeiture when defendant dies pending appeal.
SEC. 3. ILLEGAL MONEY TRANSMITTING BUSINESSES.
(a) SCIENTER REQUIREMENT FOR SECTION 1960
VIOLATION.—Section 1960 of title 18, United States
Code, is amended by adding at the end the following:
‘‘(c) For the purposes of proving a violation of this
section involving an illegal money transmitting business
as defined in subsection (b)(1)(A), it shall be sufficient
for the Government to prove that the defendant knew that
the money transmitting business lacked a license required
by State law, failed to comply with the money transmitting
business registration requirements of section 5330 of title
31, United States Code or the regulations thereunder, or
both. It shall not be necessary to show that the defendant
knew that the operation of such a business without the
required license or registration was an offense punishable
as a felony or misdemeanor.’’.
(b) 
SEIZURE
OF
ILLEGALLY
TRANSMITTED
FUNDS.—Section 981(a)(1)(A) of title 18, United States
Code, is amended by striking ‘‘or 1957’’ and inserting ‘‘,
1957 or 1960’’.
SEC. 4. LONG-ARM JURISDICTION OVER FOREIGN MONEY
LAUNDERERS.
Section 1956(b) of title 18, United States Code, is
amended—
(1) by inserting ‘‘(1)’’ after ‘‘(b)’’;
(2) by redesignating paragraphs (1) and (2) as
subparagraphs (A) and (B) respectively;
(3) by inserting ‘‘, or section 1957’’ after ‘‘or
(a)(3)’’; and
(4) by adding at the end the following:
‘‘(2) For purposes of adjudicating an action
filed or enforcing a penalty ordered under this sec-
tion, the district courts shall have jurisdiction over
any foreign person, including any financial institu-
tion authorized under the laws of a foreign country,