S. 3697: Combating Money Laundering, Terrorist Financing, and Counterfeiting Act of 2022
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S. 3697: Combating Money Laundering, Terrorist Financing, and Counterfeiting Act of 2022
117th Congress · introduced 2022-02-17 · Crime and Law Enforcement · Latest: Read twice and referred to the Committee on the Judiciary.
federal
Follow this bill, step by step
- Where it came from: introduced 2022-02-17 · official record
- Who proposed it: Sen. Grassley, Chuck [R-IA] · what a sponsor is
- What happened next: no floor votes in our records yet. Why?
- Where it stands now: Read twice and referred to the Committee on the Judiciary. 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.
Official title
Combating Money Laundering, Terrorist Financing, and Counterfeiting Act of 2022
Plain summary
Combating Money Laundering, Terrorist Financing, and Counterfeiting Act of 2022 This bill makes changes to anti-money laundering requirements under federal criminal and banking laws. Among the changes, the bill specifies that a blank check that is drawn on an account containing more than $10,000 and that is possessed by the bearer to avoid reporting requirements is a monetary instrument subject to international transport reporting requirements, increases the maximum criminal penalties for bulk cash smuggling, and permits the government to charge a defendant with a single count of money laundering for multiple violations that are part of the same scheme or continuing course of conduct.
Congressional Research Service summary (Introduced in Senate), 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
Combating Money Laundering, Terrorist Financing, and Counterfeiting Act of 2022
Source: Congressional Research Service summary (Introduced in Senate)
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How did my representative vote? · This bill's floor votes
Officials and money
Sponsor: Sen. Grassley, Chuck [R-IA] · 4 cosponsors
Cost estimate: No cost estimate published yet.
Cosponsors on this site
Sheldon Whitehouse (D-RI), John Cornyn (R-TX), Amy Klobuchar (D-MN)
Sponsor's campaign money: Sen. Grassley, Chuck [R-IA] reported raising $527,998 (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 (1)
- Bill
- A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).
Plain meanings written from linked sources. All words.
Sources
- Congressional Research Service summary (Introduced in Senate)
- Congress.gov
- Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-117s3697.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/117/s>
Record fed-us-cong117-s3697 · catalog fed-us-congress-bills-cong117 · updated 2026-11-15 by psicol fed-bills-cong117