A bill to authorize the Secretary of the Treasury to adopt distinctive counterfeit deterrents for exclusive use in the manufacture of United States securities and obligations, to clarify existing authority to combat counterfeiting, and for other purposes.
Counterfeit Deterrence Act of 1990 - Amends the Federal criminal code to: (1) specifically include electronic means for the acquisition, recording, retrieval, transmission, or reproduction of any obligations or other securities of the United States within proscriptions against counterfeiting and forgery; and (2) set penalties for the unauthorized possession of distinctive paper (defined to include any distinctive medium of which currency is made) or distinctive counterfeit deterrent (including any ink, watermark, seal, security thread, or other feature or device which the Secretary of the Treasury designates as being of value in preventing the counterfeiting of U.S. obligations or other securities).
States that provisions permitting the reproduction of illustrations of obligations or other securities do not permit such reproduction by or through electronic means.
See also S. 3266.
Introduced in Senate
Read twice and referred to the Committee on Banking.
Committee on Banking. Hearings held. Hearings printed: S.Hrg. 101-830.
Committee on Banking. Provisions of measure incorporated into measure S. 3037 ordered to be reported.
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