To improve the prohibitions on money laundering, and for other purposes.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
This bill, To improve the prohibitions on money laundering, and for other purposes., changes federal law or congressional policy affecting law enforcement, courts, victims, and regulated public-safety actors. The main policy domain is Criminal Justice, Immigration, Finance.
Who Benefits and How
law enforcement, courts, victims, and regulated public-safety actors may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.
Who Bears the Burden and How
federal implementing agencies, law enforcement, courts, victims, and regulated public-safety actors may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.
Key Provisions
- Section id674e1bc8-0f39-4344-b42d-83eec8892992: 1. Short title; table of contents This Act may be cited as the Combating Money Laundering, Terrorist Financing, and Counterfeiting Act of 2024. The table of...
- Section ida918ce49-5aef-4dcc-ae78-4e2c3ea8b0bc: 2. Transportation or transhipment of blank checks in bearer form Section 5316 of title 31, United States Code, is amended by adding at the end the following:...
- Section idfc81bbca-d5ac-4c6d-bef0-e36728465aa3: 3. Bulk cash smuggling Section 5332(b) of title 31, United States Code, is amended— in paragraph (1), by striking 5 years and inserting 10 years; by...
- Section id4d81fa7a-a602-425e-9b1f-32e23cef9cc1: 4. Section 1957 violations involving commingled funds and aggregated transactions Section 1957 of title 18, United States Code, is amended— by redesignating...
- Section id40e8b20b-fa00-4ae8-a071-d5ae4f162bb7: 5. Charging money laundering as a course of conduct Section 1956 of title 18, United States Code, is amended— in subsection (h), by striking or section 1957...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
This bill, To improve the prohibitions on money laundering, and for other purposes., changes federal law or congressional policy affecting law enforcement, courts, victims, and regulated public-safety actors.
Key Policy Areas
Criminal Justice, Immigration, Finance
Primary Purpose
This bill, To improve the prohibitions on money laundering, and for other purposes., changes federal law or congressional policy affecting law enforcement, courts, victims, and regulated public-safety actors.
Policy Domains
Whole bill
Identified Gains
- law enforcement, courts, victims, and regulated public-safety actors
Identified Costs
- federal implementing agencies
- law enforcement, courts, victims, and regulated public-safety actors
Sponsors
Legislative Progress
IntroducedMr. Grassley (for himself, Ms. Klobuchar, and Mr. Cornyn) introduced …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "secretary_of_treasury"
- → Secretary of the Treasury
- "secretary_of_homeland_security"
- → Secretary of Homeland Security
Key Definitions
Terms defined in this bill
a money services business that— operates on behalf of the public
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology