H.R. 3317: Holding Individuals Accountable and Deterring Money Laundering Act

113th Congress · introduced 2013-10-23 · Crime and Law Enforcement · Latest: Referred to the Subcommittee on Crime, Terrorism, Homeland Security, and Investigations.

federal

Follow this bill, step by step

Where it came from: introduced 2013-10-23 · official record
Who proposed it: Rep. Waters, Maxine [D-CA-43] · what a sponsor is
What happened next: no floor votes in our records yet. Why?
Where it stands now: Referred to the Subcommittee on Crime, Terrorism, Homeland Security, and Investigations. Not final yet: this can still change. We check for updates every day.
If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

Holding Individuals Accountable and Deterring Money Laundering Act

Plain summary

Holding Individuals Accountable and Deterring Money Laundering Act - Amends provisions of federal law known as the Bank Secrecy Act of 1970 relating to money laundering violations to: (1) increase civil penalties for willful violations of anti-money laundering laws; (2) increase the civil penalty for negligent violations of such laws and impose a penalty on partners, directors, officers, or employees of a financial institution for such violations; and (3) impose a 20-year maximum prison term for individuals who facilitate evasion of an anti-money laundering program or control. Directs the Comptroller General (GAO) to study contrasting mandatory minimum sentencing laws and guidelines for narcotics-related offenses and Department of Justice (DOJ) prosecutorial discretion in determining penalties for violations of anti-money laundering laws. Authorizes a court, in granting an injunction directed at money laundering activities, to issue a conditional or permanent ban on any individual who has violated money laundering laws from acting as an officer or director of a financial institution. Grants independent legal authority to the Financial Crimes Enforcement Network (FinCEN) of the Department of the Treasury to bring legal action to enforce anti-money laundering laws. Requires the issuance of regulations by appropriate federal banking agencies, the Securities and Exchange Commission (SEC), the Commodities Futures Trading Commission (CFTC), and FinCEN prohibiting financial institutions that are subject to an anti-money laundering program requirement from providing executive compensation based on any criteria that could undermine compliance by any individual with anti-money laundering requirements. Imposes personal liability on officers, directors, employees, or affiliated parties of a financial institution for fines relating to money laundering violations. Requires the Secretary of the Treasury to issue regulations requiring each financial institution that is subject to an anti-money laundering program to establish written policies, procedures, and risk management standards for ensuring compliance with anti-money laundering requirements. Imposes civil liability on officers or employees of a financial institutions who knew or should have known about money laundering violations but who failed to take meaningful steps to stop such violations. Requires each appropriate federal banking agency, the SEC, and the CFTC to report to FinCEN on each enforcement or supervisory action taken relating to an anti-money laundering violation. Expands: (1) criteria for granting safe harbor protections to financial institutions that voluntarily disclose money laundering violations, and (2) the types of crimes that can be a predicate offense to money laundering to include all felony offenses. Expands anti-discrimination protections and legal remedies for individuals who provide information about money laundering violations (whistle blowers). Provides enhanced monetary incentives for such whistle blowers. Directs the Secretary to work with foreign counterparts and financial organizations to promote stronger anti-money laundering frameworks and enforcement of anti-money laundering laws. Expresses the sense of Congress that DOJ should vigorously pursue criminal penalties against individuals who willfully violate anti-money laundering laws. Sets forth considerations for the Department of the Treasury when identifying countries or jurisdictions as primary money laundering concerns under the USA Patriot Act.

Congressional Research Service summary (Introduced in House), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

Holding Individuals Accountable and Deterring Money Laundering Act

Source: Congressional Research Service summary (Introduced in House)

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The strongest published arguments

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Rep. Waters, Maxine [D-CA-43] · 8 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Al Green (D-TX), Gregory W. Meeks (D-NY), Gwen Moore (D-WI), Stephen F. Lynch (D-MA)

Sponsor's campaign money: Rep. Waters, Maxine [D-CA-43] reported raising $1.1 million (2025–2026). Details. Shown for context only; it does not mean any donor supported this bill.

No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.

Words on this page, explained (3)

Appropriation: Money a legislature sets aside by law for a specific purpose. Government agencies may spend public money only as it has been appropriated.
Rulemaking: The process agencies use to write regulations that carry out laws passed by Congress or a legislature. Usually an agency publishes a proposed rule, takes public comments, then publishes a final rule.
Securities: Financial investments that can be bought and sold, such as stocks and bonds.

Plain meanings written from linked sources. All words.

Sources

Congressional Research Service summary (Introduced in House)
Congress.gov
Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-113hr3317.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/113/hr>

Record fed-us-cong113-hr3317 · catalog fed-us-congress-bills-cong113 · updated 2026-11-15 by psicol fed-bills-cong113