H.R.2986 - Financial Crimes Prevention Act of 1996104th Congress (1995-1996)
|Sponsor:||Rep. Leach, James A. [R-IA-1] (Introduced 02/28/1996)|
|Committees:||House - Judiciary; Transportation and Infrastructure|
|Latest Action:||House - 03/11/1996 Referred to the Subcommittee on Water Resources and Environment. (All Actions)|
This bill has the status Introduced
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Summary: H.R.2986 — 104th Congress (1995-1996)All Information (Except Text)
Introduced in House (02/28/1996)
Financial Crimes Prevention Act of 1996 - Amends the Federal criminal code to increase penalties for making, possessing, using, or selling materials or devices for counterfeiting U.S. obligations or securities and for possessing distinctive paper or a distinctive counterfeit deterrent adopted by the Secretary of the Treasury for U.S. obligations or securities.
Sets penalties for: (1) possessing, drawing, printing, processing, or otherwise making or passing, presenting, or selling any fictitious obligation within the United States; (2) using an instrumentality of interstate or foreign commerce to transmit or transport any fictitious obligation to, from, or through the United States; or (3) attempting to commit an such offense.
Grants the United States Secret Service authority to investigate such offenses.
Provides for the forfeiture of counterfeit access devices, device-making equipment, and scanning receivers possessed with intent to defraud in violation of Federal law.