HR 4554 · 101th Congress · Crime and Law Enforcement

Money Laundering Act of 1990

Introduced 1990-04-18· Sponsored by Rep. Washington, Craig A. [D-TX-18]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the Subcommittee on Crime.(1990-04-23)

Plain Language Summary

[AI summary unavailable — showing source text] Money Laundering Act of 1990 - Amends the Federal criminal code to provide for life imprisonment for any officer or employee of a depository institution who knowingly conducts a financial transaction designed to conceal the nature, location, source, ownership, or control of the proceeds of a criminal violation of the Controlled Substances Act or the Controlled Substances Import and Export Act.…

Summarized by Claude AI · Non-partisan · For informational purposes only