Text: S.2714 — 110th Congress (2007-2008)All Information (Except Text)

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Placed on Calendar Senate (03/06/2008)

Calendar No. 599

110th CONGRESS
2d Session
S. 2714


To close the loophole that allowed the 9/11 hijackers to obtain credit cards from United States banks that financed their terrorist activities, to ensure that illegal immigrants cannot obtain credit cards to evade United States immigration laws, and for other purposes.


IN THE SENATE OF THE UNITED STATES

March 5, 2008

Mr. Vitter introduced the following bill; which was read the first time

March 6, 2008

Read the second time and placed on the calendar


A BILL

To close the loophole that allowed the 9/11 hijackers to obtain credit cards from United States banks that financed their terrorist activities, to ensure that illegal immigrants cannot obtain credit cards to evade United States immigration laws, and for other purposes.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. Verification of identity for non-United States persons opening bank accounts.

(a) In general.—Section 5318(l) of title 31, United States Code, is amended—

(1) by redesignating paragraphs (3) through (6) as paragraphs (4) through (7), respectively; and

(2) and inserting after paragraph (2) the following:

“(3) RESTRICTIONS ON VERIFYING IDENTITY.—

“(A) CUSTOMER INFORMATION.—For the purpose of verifying the identity of an individual who is not a United States person seeking to open an account in accordance with the regulations issued under this section, a financial institution may only accept—

“(i) a social security number;

“(ii) a passport number and the country of issuance;

“(iii) an alien identification card number; or

“(iv) any combination of items described in clauses (i) through (iii).

“(B) CUSTOMER VERIFICATION THROUGH DOCUMENTS.—For the purpose of verifying the identity of an individual who is a not a United States person seeking to open an account in accordance with regulations issued under this section, a financial institution may not accept identification documents issued by a foreign government, other than an unexpired passport.

“(C) DEFINITION.—As used in this paragraph, the term ‘non-United States person’ means any individual that is not a citizen or national of the United States, as defined in section 101 of the Immigration and Nationality Act (8 U.S.C. 1101).”.

(b) Conforming amendment.—Section 5318(l)(6) of title 31, United States Code, as redesignated, is amended by striking “(4)” and inserting “(5)”.


Calendar No. 599

110th CONGRESS
     2d Session
S. 2714

A BILL
To close the loophole that allowed the 9/11 hijackers to obtain credit cards from United States banks that financed their terrorist activities, to ensure that illegal immigrants cannot obtain credit cards to evade United States immigration laws, and for other purposes.

March 6, 2008
Read the second time and placed on the calendar