MILLER-O'BRIEN-BROSNAHAN AND REITZ.
CRIM CD-MONEY LAUNDERING
Synopsis of Bill as introduced:
Amends the Criminal Code of 1961. Provides that theft of property
in excess of $500,000 is a Class X felony (rather than a Class 1
felony). In the money laundering statute, provides that any property
expressly or impliedly represented to be property constituting or
derived from proceeds obtained, directly or indirectly, pursuant to a
violation of the Criminal Code of 1961, the Illinois Controlled
Substances Act, or the Cannabis Control Act is criminally derived
property. Provides that laundering criminally derived property in
excess of $500,000 is a Class X felony (rather than a Class 1 felony).
FISCAL NOTE (Department of Corrections)
HB 5658 would cause an increase of 9 inmates in the corrections
population and would have a fiscal impact of $1,729,400.
CORRECTIONAL NOTE (Department of Corrections)
Same as DOC fiscal note.
Last action on Bill: SESSION SINE DIE
Last action date: JAN-07-2003
Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0
END OF INQUIRY
Full Text Bill Status