By: Shapiro S.B. No. 1834 Line and page numbers may not match official copy. Bill not drafted by TLC or Senate E&E. A BILL TO BE ENTITLED AN ACT 1-1 relating to the offense of money laundering. 1-2 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-3 SECTION 1. Section 34.01, Penal Code, is amended to read as 1-4 follows: 1-5 (4) "Proceeds" means funds acquired or derived 1-6 directly or indirectly from, produced through, or realized through 1-7 an act, including funds whose aggregate nature have been altered or 1-8 concealed by criminal activity. 1-9 SECTION 2. Section 34.02, Penal Code, is amended by adding 1-10 subsection (f) to read as follows: 1-11 (f) For purposes of this section, when proceeds, whether 1-12 from the same or similar sources, are obtained pursuant to one 1-13 scheme or a continuing course of conduct, the conduct may be 1-14 considered as one offense and the amounts aggregated in determining 1-15 the grade of the offense. 1-16 SECTION 3. SEVERABILITY. If any section, sentence, clause, 1-17 or part of this Act shall, for any reason, be held invalid, such 1-18 invalidity shall not affect the remaining portions of the Act, and 1-19 it is hereby declared to be the intention of this legislature to 1-20 have passed each section, sentence, clause, or part irrespective of 1-21 the fact that any other section, sentence, or part may be declared 2-1 invalid. 2-2 SECTION 4. EFFECTIVE DATE. This Act takes effect on 2-3 September 1, 1997. 2-4 SECTION 5. The importance of this legislation and the 2-5 crowded condition of the calendars in both houses create an 2-6 emergency and an imperative public necessity that the 2-7 constitutional rule requiring bills to be read on three several 2-8 days in each house be suspended, and this rule is hereby suspended, 2-9 and it is so enacted.