H.R.3146 - Combating Terrorism Financing Act of 2007110th Congress (2007-2008)
|Sponsor:||Rep. Davis, Geoff [R-KY-4] (Introduced 07/24/2007)|
|Committees:||House - Judiciary; Financial Services|
|Latest Action:||08/10/2007 Referred to the Subcommittee on Crime, Terrorism, and Homeland Security. (All Actions)|
This bill has the status Introduced
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Subject — Policy Area:
- Crime and Law Enforcement
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Summary: H.R.3146 — 110th Congress (2007-2008)All Bill Information (Except Text)
Introduced in House (07/24/2007)
Combating Terrorism Financing Act of 2007 - Amends the federal criminal code to: (1) expand prohibitions against conducting monetary transactions over $10,000 for the purpose of engaging in interstate criminal activities; (2) authorize the Attorney General to obtain a 30-day ex parte court order freezing the bank account of any individual arrested or charged for crimes involving the movement of funds into or out of the United States; (3) expand money laundering prohibitions to include monetary transactions; and (4) include monetary transactions involving commingled funds or structured transactions in prosecuting interstate transfers of funds greater than $10,000 for criminal purposes.
Includes within the requirement to report monetary transactions exceeding $10,000 blank monetary instruments in bearer form drawn on accounts found to contain more than $10,000.