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A BILL TO BE ENTITLED
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AN ACT
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relating to the offense of money laundering. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 34.01(2), Penal Code, is amended to read |
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as follows: |
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(2) "Funds" includes: |
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(A) coin or paper money of the United States or |
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any other country that is designated as legal tender and that |
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circulates and is customarily used and accepted as a medium of |
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exchange in the country of issue; |
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(B) United States silver certificates, United |
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States Treasury notes, and Federal Reserve System notes; |
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(C) an official foreign bank note that is |
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customarily used and accepted as a medium of exchange in a foreign |
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country and a foreign bank draft; and |
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(D) currency or its equivalent, including an |
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electronic fund, a personal check, a bank check, a traveler's |
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check, a money order, a bearer negotiable instrument, a bearer |
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investment security, a bearer security, a certificate of stock in a |
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form that allows title to pass on delivery, [or] a stored value card |
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as defined by Section 604.001, Business & Commerce Code, or a |
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digital currency. |
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SECTION 2. The change in law made by this Act applies only |
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to an offense committed on or after the effective date of this Act. |
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An offense committed before the effective date of this Act is |
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governed by the law in effect on the date the offense was committed, |
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and the former law is continued in effect for that purpose. For |
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purposes of this section, an offense was committed before the |
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effective date of this Act if any element of the offense occurred |
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before that date. |
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SECTION 3. This Act takes effect September 1, 2019. |