3.0.0 3700 2023-01-11T13:23:37Z 2023-01-11T13:23:37Z House H HR 2013-12-11 113 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. HINOJOSA:H.R. 3700.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 18[Page H7688]]]> hsba00 Financial Services Committee House Standing Referred to 2013-12-11T15:01:40Z 2013-12-11 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2013-12-11 Introduced in House IntroReferral Intro-H 9 Library of Congress 2013-12-11 Introduced in House IntroReferral 1000 9 Library of Congress H000636 Rep. Hinojosa, Ruben [D-TX-15] RUBEN HINOJOSA D TX 15 N S001170 Rep. Shea-Porter, Carol [D-NH-1] Carol Shea-Porter D NH 1 2013-12-11 True V000132 Rep. Vela, Filemon [D-TX-34] Filemon Vela D TX 34 2013-12-11 True Finance and Financial Sector Bank accounts, deposits, capital Crime prevention Fraud offenses and financial crimes Government trust funds Law enforcement administration and funding Finance and Financial Sector 00 2013-12-11 Introduced in House 2014-02-26T22:38:49Z Building Community Financial Institutions' Capacity to Combat Money Laundering Act - Establishes the BSA Compliance Fund.

Requires deposit into the Fund of: (1) 25% of all civil money penalties imposed upon domestic financial institutions for violations related to mandatory reports and recordkeeping on monetary instruments transactions, and (2) 25% of any civil fine paid by a domestic financial institution for violations of other federal law with respect to actions for which a civil money penalty is also imposed for prohibited monetary transactions.

Instructs the Secretary of the Treasury to: (1) use the Fund to make grants to community financial institutions with under $10 billion in assets to improve their compliance with statutory requirements governing reports and recordkeeping on monetary instruments transactions, and (2) give grant priority to institutions located in counties that have 20% or more of residents living below the federal poverty line.


]]> Building Community Financial Institutions' Capacity to Combat Money Laundering Act Display Title Building Community Financial Institutions' Capacity to Combat Money Laundering Act Official Title as Introduced To instruct the Secretary of the Treasury to use 25 percent of civil fines collected for violations of the Bank Secrecy Act to make grants to community financial institutions to improve compliance with the provisions of that Act, and for other purposes. Introduced in House IH Short Titles as Introduced Building Community Financial Institutions' Capacity to Combat Money Laundering Act Introduced in House 2013-12-11T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-113hr3700ih/xml/BILLS-113hr3700ih.xml 2013-12-11 Referred to the House Committee on Financial Services. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.