5318-S.E AMH FII CONN1

ESSB 5318 - H COMM AMD ADOPTED 4-9-91

By Committee on Financial Institutions & Insurance

     Strike everything after the enacting clause and insert the following:

     "NEW SECTION. Sec. 1. A joint select committee on money laundering shall study criminal money laundering activity and report its findings, and any recommended legislation, to the legislature on or before December 31, 1991. The joint select committee on money laundering shall consist of eight members, four senators, two from each of the major caucuses, who are appointed by the president of the senate, and four representatives, two from each of the major caucuses, who are appointed by the speaker of the house.

     The study shall include input from interested parties, including the criminal defense bar, prosecutors, the attorney general's office, business and professional groups, and state and federal law enforcement agencies."

ESSB 5318 - H COMM AMD

By Committee on Financial Institutions & Insurance

     On page 1, line 1 of the title, after "laundering;" strike the remainder of the title and insert "and creating a new section."

EFFECT:  Replaces the substantive provisions of the bill with a study.