[Congressional Record (Bound Edition), Volume 158 (2012), Part 12]
[Senate]
[Page 17123]
[From the U.S. Government Publishing Office, www.gpo.gov]




                         SUBMITTED RESOLUTIONS

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 SENATE RESOLUTION 616--TO AUTHORIZE THE PRODUCTION OF RECORDS BY THE 
 PERMANENT SUBCOMMITTEE ON INVESTIGATIONS OF THE COMMITTEE ON HOMELAND 
                   SECURITY AND GOVERNMENTAL AFFAIRS

  Mr. REID (for himself and Mr. McConnell) submitted the following 
resolution; which was considered and agreed to:

                              S. Res. 616

       Whereas, the Permanent Subcommittee on Investigations of 
     the Committee on Homeland Security and Governmental Affairs 
     conducted an investigation into the anti-money laundering and 
     terrorist financing vulnerabilities created when a global 
     bank uses its U.S. affiliate to provide U.S. dollars, U.S. 
     dollar services, and access to the U.S. financial system to 
     high risk affiliates, high risk correspondent banks, and high 
     risk clients;
       Whereas, the Subcommittee has received a request from a 
     federal law enforcement agency for access to records of the 
     Subcommittee's investigation;
       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;
       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 Homeland Security and Governmental Affairs, acting 
     jointly, are authorized to provide to law enforcement 
     officials, regulatory agencies, and other entities or 
     individuals duly authorized by federal, state, or foreign 
     governments, records of the Subcommittee's investigation into 
     the anti-money laundering and terrorist financing 
     vulnerabilities created when a global bank uses its U.S. 
     affiliate to provide U.S. dollars, U.S. dollar services, and 
     access to the U.S. financial system to high risk affiliates, 
     high risk correspondent banks, and high risk clients.

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