Combating Money Laundering, Terrorist Financing, and Counterfeiting Act of 2026

This bill changes federal money laundering and counterfeiting laws. It raises the maximum prison term for bulk cash smuggling from 5 to 10 years and adds fines, and it rewrites the crime of running an illegal money services business, with higher penalties for businesses handling more than $1,000,000 in a year. It lets prosecutors count related smaller transactions or mixed accounts toward the $10,000 threshold, extends the international money laundering law to tax evasion, adds wiretap authority for certain offenses, and makes possessing counterfeiting equipment with intent to defraud a crime. It also extends danger pay to some ICE, CBP, and Secret Service employees and requires the Treasury Department to report to Congress on the use of remittances to finance crime and terrorism.

Full text and official record on Congress.gov

Sponsors

• Chuck Grassley Republican sponsor
• 1 cosponsors