ABSTRACT

Congressional Budget Office Cost Estimate: S. 1883, Combating Money Laundering, Terrorist Financing, and Counterfeiting Act of 2019   [open pdf - 34KB]

This is the Congressional Budget Office Cost Estimate as ordered reported by the Senate Committee on the Judiciary on July 23, 2019. From the Document: "S. 1883 would broaden the coverage of current laws that address money laundering. People who violate the bill's provisions could be subject to criminal fines, so the federal government might collect additional fines under the legislation. Criminal fines are recorded as revenues, deposited in the Crime Victims Fund, and later spent without further appropriations action. CBO [Congressional Budget Office] expects any additional revenues and associated direct spending would not be significant because relatively few additional cases would probably be affected by the bill."

Publisher:
Date:
2019-09-13
Copyright:
Public Domain
Retrieved From:
Congressional Budget Office: http://www.cbo.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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