This bill amends and reenacts specific sections of Louisiana's Revised Statutes related to financial crimes, specifically R.S. 14:70.8 and R.S. 14:71.1, while also enacting new subsections and provisions. Notably, it establishes that upon a second or subsequent conviction for illegal transmission of monetary funds or bank fraud, offenders will face imprisonment of one to ten years and may incur fines up to $100,000. Additionally, convicted individuals will be required to make full restitution to victims in accordance with the Code of Criminal Procedure, replacing previous provisions regarding indigent defendants and their ability to pay restitution.

Furthermore, the bill introduces new definitions and clarifications regarding the terms "radio signal" and "wire" in the context of financial transactions. It also enacts a new provision in the Code of Evidence, allowing the prosecution to present evidence of a perpetrator's intent to deceive or defraud in cases involving counterfeit or forged checks. This includes evidence of prior attempts to cash or deposit such instruments and any communications from law enforcement regarding the legality of these transactions.

Statutes affected:
HB375 Original: 14:8(B), 14:1(B)
HB375 Engrossed: 14:8(B), 14:1(B)
HB375 Reengrossed: 14:8(B), 14:1(B)
HB375 Enrolled: 14:8(B), 14:1(B)
HB375 Act : 14:8(B), 14:1(B)