§ 225. Continuing financial crimes enterprise

Legislative history

Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.

1. 1990

   Comprehensive Thrift and Bank Fraud Prosecution and Taxpayer Recovery Act of 1990

   Pub. L. 101–647 title XXV § 2510(a) · 104 Stat. 4789

   Enacted · 18 U.S.C. § 225

   (Added Pub. L. 101–647, title XXV, § 2510(a), Nov. 29, 1990, 104 Stat. 4863.)

   Source evidence

   Code source credit
   (Added Pub. L. 101–647, title XXV, § 2510(a), Nov. 29, 1990, 104 Stat. 4863.)

   Enacted provision · exact public law section
   (a) Continuing Financial Crime Enterprises.— Chapter 11 of title 18, United States Code, is amended by adding at the end thereof the following new section: “§ 225. Continuing financial crimes enterprise “(a) Whoever— “(1) organizes, manages, or supervises a continuing financial crimes enterprise; and “(2) receives $5,000,000 or more in gross receipts from such enterprise during any 24-month period, shall be fined not more than $10,000,000 if an individual, or $20,000,000 if an organization, and imprisoned for a term of not less than 10 years and which may be life. “(b) For purposes of subsection (a), the term ‘continuing financial crimes enterprise’ means a series of violations under section 215, 656, 657, 1005, 1006, 1007, 1014, 1032, or 1344 of this title, or section 1341 or 1343 affecting a financial institution, committed by at least 4 persons acting in concert.”.

1 of 1 references resolved to an enrolled provision