Bill Text: TX HB981 | 2019-2020 | 86th Legislature | Comm Sub

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Bill Title: Relating to the offense of money laundering.

Spectrum: Bipartisan Bill

Status: (Engrossed - Dead) 2019-05-14 - Referred to Criminal Justice [HB981 Detail]

Download: Texas-2019-HB981-Comm_Sub.html

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86R2077 MAW-D
By: Parker, et al. H.B. No. 981

A BILL TO BE ENTITLED
AN ACT
relating to the offense of money laundering.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 34.01(2), Penal Code, is amended to read
as follows:
(2) "Funds" includes:
(A) coin or paper money of the United States or
any other country that is designated as legal tender and that
circulates and is customarily used and accepted as a medium of
exchange in the country of issue;
(B) United States silver certificates, United
States Treasury notes, and Federal Reserve System notes;
(C) an official foreign bank note that is
customarily used and accepted as a medium of exchange in a foreign
country and a foreign bank draft; and
(D) currency or its equivalent, including an
electronic fund, a personal check, a bank check, a traveler's
check, a money order, a bearer negotiable instrument, a bearer
investment security, a bearer security, a certificate of stock in a
form that allows title to pass on delivery, [or] a stored value card
as defined by Section 604.001, Business & Commerce Code, or a
digital currency.
SECTION 2. The change in law made by this Act applies only
to an offense committed on or after the effective date of this Act.
An offense committed before the effective date of this Act is
governed by the law in effect on the date the offense was committed,
and the former law is continued in effect for that purpose. For
purposes of this section, an offense was committed before the
effective date of this Act if any element of the offense occurred
before that date.
SECTION 3. This Act takes effect September 1, 2019.