Story perspectives

Bipartisan Bill Strengthens Laws Against Money Laundering, Counterfeiting

2/10/2026

Summary

Story summary

Senator Charles Grassley (R-Iowa) and Senator Amy Klobuchar (D-Minn.) introduced the Combating Money Laundering, Terrorist Finance and Counterfeiting Act to strengthen penalties and update counterfeiting laws.
Bipartisan measure targets evolving criminal methods used by drug traffickers and terrorists and would prohibit transfers of funds intended to violate U.S. tax laws.
It would grant law enforcement new investigative tools and has backing from groups such as the Fraternal Order of Police.

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Story summary

Senator Charles Grassley (R-Iowa) and Senator Amy Klobuchar (D-Minn.) introduced the Combating Money Laundering, Terrorist Finance and Counterfeiting Act to strengthen penalties and update counterfeiting laws.
Bipartisan measure targets evolving criminal methods used by drug traffickers and terrorists and would prohibit transfers of funds intended to violate U.S. tax laws.
It would grant law enforcement new investigative tools and has backing from groups such as the Fraternal Order of Police.