Toughens laws and penalties for money laundering, illegal financial businesses, and counterfeiting.
This bill would make it harder for criminals to hide illegal money and fake currency. It increases prison sentences and fines for bulk cash smuggling and operating illegal money services businesses. It also gives law enforcement more tools to investigate and prosecute these crimes, including those related to tax evasion and informal money transfers.
Today, bulk cash smuggling carries a maximum 5-year sentence, and some money laundering thresholds are harder to meet with commingled or aggregated funds. International money laundering laws do not explicitly cover tax evasion. After this bill, bulk cash smuggling would carry up to a 10-year sentence, and it would be easier to prosecute money laundering involving mixed or aggregated funds. International money laundering laws would apply to tax evasion, and law enforcement would have more tools, including expanded wiretap authority, to combat these crimes.
S 3801 · 119th Congress · February 5, 2026 · AI Summary by gemini-2.5-flash · 10/10
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3 filings mentioned this bill
Amounts reflect total quarterly lobbying spend reported to the Senate, not bill-specific spending. Source: Senate LDA filings.