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Congressional Daily Record
This section is about changes proposed to a bill or resolution. It mentions members such as Catherine Marie Cortez Masto.
Issued
June 24, 2026
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Download official Senate Record PDFReturn to issue contextSA 6380. Ms. CORTEZ MASTO submitted an amendment intended to be proposed by her to the bill S. 4784, to authorize appropriations for fiscal year 2027 for military activities of the Department of Defense, for military construction, and for defense activities of the Department of Energy, to prescribe military personnel strengths for such fiscal year, and for other purposes; which was ordered to lie on the table; as follows:
At the end of subtitle G of title X, add the following:
SEC. 1094. MONEY TRANSMITTING BUSINESS.
(a) In General.—Section 1960 of title 18, United States
Code, is amended by striking subsections (a) and (b) and
inserting the following:
“(a) Offense.—It shall be unlawful for any person to
knowing conduct, control, manage, supervise, direct, or own
all or part of a money transmitting business which affects
interstate or foreign commerce in any manner or degree that—
“(1) is operated without an appropriate money transmitting
license in a State where such operation is punishable as a
misdemeanor or a felony under State law, whether or not the
defendant knew that the operation was required to be licensed
or that the operation was so punishable;
“(2) fails to comply with the money transmitting business
registration requirements under section 5330 of title 31,
United States Code, or regulations prescribed under such
section, whether or not the defendant knew that the operation
was required to comply with those registration requirements
or that the operation was so punishable; or
“(3) otherwise involves the transportation or transmission
of funds that are known to the defendant to have been derived
from a criminal offense or are intended to be used to promote
or support unlawful activity.
“(b) Criminal Penalty.—Any person who violates subsection
(a) shall be—
“(1) fined in accordance with this title, imprisoned for
not more than 10 years, or both;
“(2) in the case of an offense involving more than
$1,000,000 during a 12-month period, or in which the
defendant engaged in a transaction or transactions involving
more than $1,000,000 during a 12-month period, fined double
the amount provided in subsection (b)(3) or (c)(3) (as
applicable) of section 3571, imprisoned for not more than 20
years, or both; or
“(3) in the case of an offense that was committed with the
knowledge or belief that any funds transmitted would be used
in furtherance of a Federal crime of terrorism, as defined in
section 2332b(g)(5), fined under this title or imprisoned for
any term of years or for life, or both.”.
(b) Conforming Amendment.—Section 3056(b) of title 18,
United States Code, is amended—
(1) in paragraph (1), by striking “or” after “871” and
inserting “, or 1960” after “879”; and
(2) in paragraph (3)—
(A) by inserting “money laundering, structured
transactions,” after “documents or devices,”;
(B) by striking “federally insured”; and
(C) by inserting “, as defined in section 5312 of title
31” after “institution”.