Creates penalty of up to 10 years of imprisonment and fine of up to $100,000 for second and subsequent convictions for illegal transmission of funds or bank fraud.
Provides that restitution to victims shall be made in accordance with LOU FIN 883.2.
Also provides that in a prosecution for bank fraud or for monetary instrument abuse, the prosecution may enter certain evidence of a perpetrator's intent to defraud.
Legislative History
On Apr. 3, 2025, bill was introduced in House; on May 7, 2025, bill passed House.
On May 8, 2025, bill was introduced in Senate; on May 29, 2025, bill passed Senate.
Effectiveness
If enacted, bill provisions become effective on Aug. 1, 2025.
Jun. 2025 LOU LEG Governor Approval
On Jun. 8, 2025, LOU LEG reported governor approved bill, assigned as Act No. 188.
Document dated Jun. 8, 2025, received from LOU LEG Jun. 14, summarized Jun. 18.
