ADVERTISEMENT
, Laurel Lee (R-Fla.), Lou Correa (D-Calif.), and Michael Baumgartner (R-Wash.), builds on previous initiatives such as the Safeguarding our Supply Chains Act. It aims to address the growing threat of sophisticated criminal organizations targeting retail stores and logistics networks.
Key provisions of the SPEED Act include:
- Strengthening criminal forfeiture tools for convictions involving interstate shipment, transportation, or sale of stolen goods.
- Expanding money laundering statutes to cover organized retail crime proceeds.
ADVERTISEMENT