II Calendar No. 599 110th CONGRESS 2d Session S. 2714 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.

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).

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