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Senate passes bill strengthening penalties for fraudulent use of financial accounts
Summary
The Missouri Senate approved a bill creating new penalties for fraudulent use of accounts with financial institutions after brief debate; final passage was 33-1.
The Missouri Senate voted to pass Senate Substitute for Senate Committee Substitute for Senate Bill 98, a measure establishing penalties for fraudulent use of accounts at financial institutions. The motion for final passage was offered by the senator from Dallas and passed by a roll-call vote of 33 ayes and 1 no.
Senator from Dallas, State Senator, explained the bill on the floor as “the bill that we perfected last week dealing with financial institution fraud and penalties that we're putting in place for them and I'm happy to answer questions.” The senator said the measure targets fraudulent use of accounts and sets penalty thresholds tied to monetary amounts.
During floor discussion the senator from Scott asked for clarification about language that differentiates conduct described as “recklessly” from knowingly or purposely committing fraud. The senator from Dallas responded that the terms are defined in existing criminal statutes and gave the example of a “money mule” as conduct that could fall under recklessness. The exchange referenced statutory definitions but did not quote a specific statute text in the reading.
After no further debate, the senate read the bill for a third time and passed it by the announced margin. The journal entry records that titling and perfecting motions were made and carried.
The bill now moves to the next step in the legislative process.
