[Congressional Record (Bound Edition), Volume 158 (2012), Part 12]
[Senate]
[Page 17126]
[From the U.S. Government Publishing Office, www.gpo.gov]




                 AUTHORIZING THE PRODUCTION OF RECORDS

  Mr. REID. Mr. President, I ask unanimous consent that the Senate 
proceed to S. Res. 616.
  The ACTING PRESIDENT pro tempore. The clerk will report the 
resolution by title.
  The legislative clerk read as follows:

       A resolution (S. Res. 616) to authorize the production of 
     records by the Permanent Subcommittee on Investigations of 
     the Committee on Homeland Security and Governmental Affairs.

  There being no objection, the Senate proceeded to consider the 
resolution.
  Mr. REID. Mr. President, the Permanent Subcommittee on Investigations 
of the Committee on Homeland Security and Governmental Affairs has 
received a request from a Federal law enforcement agency seeking access 
to records that the Subcommittee obtained during its recent 
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.
  This resolution would authorize the chairman and ranking minority 
member of the Permanent Subcommittee on Investigations, acting jointly, 
to provide records, obtained by the subcommittee in the course of its 
investigation, in response to this request and requests from other 
government entities and officials with a legitimate need for the 
records.
  I ask unanimous consent the resolution be agreed to, the preamble be 
agreed to, the motions to reconsider be laid upon the table, with no 
intervening action or debate, and any statement be printed in the 
Record.
  The ACTING PRESIDENT pro tempore. Without objection, it is so 
ordered.
  The resolution (S. Res. 616) was agreed to.
  The preamble was agreed to.
  The resolution, with its preamble, reads as follows:

                              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.

                          ____________________