To amend the Bank Secrecy Act to exempt transactions with respect to cash reward payments by crime stopper organizations from certain currency transaction reports.

This bill changes the Bank Secrecy Act, which requires banks to report certain large cash transactions to the federal government. It would require the Secretary of the Treasury to exempt banks from these currency transaction reports when the transaction is with a nonprofit organization. The exemption applies only when the transaction is connected to the nonprofit paying a cash reward to someone for information about a crime, such as through a crime stopper program.

Full text and official record on Congress.gov

Sponsors

• Michael Guest Republican sponsor
• 3 cosponsors