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

# Summary of S 3801: Combating Money Laundering, Terrorist Financing, and Counterfeiting Act of 2026 **What the Bill Would Do** This bill aims to strengthen federal efforts to combat money laundering (hiding the origins of illegally obtained money), terrorist financing (funding for terrorist organizations), and counterfeiting (making fake currency). While specific provisions aren't detailed in available records, bills with this title typically propose enhanced oversight of financial transactions, stricter reporting requirements for banks and financial institutions, and stronger penalties for those engaged in these illegal activities. **Who It Affects** The legislation would primarily impact financial institutions like banks and money transfer services, which would face new compliance requirements. It would also affect federal law enforcement agencies tasked with investigating financial crimes.

Individuals and organizations involved in illegal financial activities would face increased detection and prosecution risks. **Current Status** As of the information provided, S 3801 is in committee, meaning it has been referred to the appropriate Senate committee for review and debate but has not yet been voted on by the full Senate. The bill was sponsored by Senator Chuck Grassley (R-IA).