[Congressional Bills 108th Congress]
[From the U.S. Government Publishing Office]
[S. Res. 415 Agreed to Senate (ATS)]







108th CONGRESS
  2d Session
S. RES. 415

To authorize the production of records by the Permanent Subcommittee on 
        Investigations of the Committee on Governmental Affairs


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             July 22, 2004

    Mr. Frist (for himself and Mr. Daschle) submitted the following 
             resolution; which was considered and agreed to

_______________________________________________________________________

                               RESOLUTION


 
To authorize the production of records by the Permanent Subcommittee on 
        Investigations of the Committee on Governmental Affairs

Whereas during the 106th and 107th Congresses, the Permanent Subcommittee on 
        Investigations of the Committee on Governmental Affairs conducted an 
        investigation into money laundering activities in the U.S. financial 
        services sector, including examinations of money laundering activities 
        in private banking, correspondent banking, and the securities industry;
Whereas by agreement to Senate Resolution 77, 107th Congress, the Senate 
        authorized the Chairman and Ranking Minority Member of the Subcommittee, 
        acting jointly, to provide to law enforcement officials, legislative 
        bodies, regulatory agencies, and other entities or individuals duly 
        authorized by federal, state, or foreign governments, records of the 
        Subcommittee's investigation into the use of correspondent banking for 
        the purpose of money laundering;
Whereas during the present Congress, the Subcommittee has been conducting a 
        followup to its earlier money laundering investigation to evaluate the 
        enforcement and effectiveness of key statutory anti-money laundering 
        provisions, using Riggs Bank of the District of Columbia as a case 
        history;
Whereas the Subcommittee is seeking authorization to provide records of its 
        followup investigation in response to requests from law enforcement 
        officials, legislative bodies, regulatory agencies, and foreign agencies 
        and officials;
Whereas by the privileges of the Senate of the United States and Rule XI of the 
        Standing Rules of the Senate, no evidence under the control or in the 
        possession of the Senate can, by administrative or judicial process, be 
        taken from such control or possession but by permission of the Senate; 
        and
Whereas when it appears that evidence under the control or in the possession of 
        the Senate is needed for the promotion of justice, the Senate will take 
        such action as will promote the ends of justice consistent with the 
        privileges of the Senate: Now, therefore, be it
    Resolved, That the Chairman and Ranking Minority Member of the 
Permanent Subcommittee on Investigations of the Committee on 
Governmental Affairs, acting jointly, are authorized to provide to law 
enforcement officials, legislative bodies, regulatory agencies, and 
other entities or individuals duly authorized by federal, state, or 
foreign governments, records of the Subcommittee's case study 
investigation into the enforcement and effectiveness of statutory anti-
money laundering provisions.
                                 <all>