Text of Senate Amendment 6380

On 2026-06-24, Senator Catherine Cortez Masto (D-NV) delivered a floor speech titled "Text Of Senate Amendment 6380" in the Senate.

Text of Senate Amendment 6380

Congressional Record, Volume 172 Issue 106 (Wednesday, June 24, 2026) [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''. ______