[Congressional Record Volume 172, Number 106 (Wednesday, June 24, 2026)]
[Senate]
[Page S3508]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 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''.
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