SB5644: A bill to amend title 31, United States Code, to exempt transactions with respect to cash reward payments by crime stopper organizations from certain currency transaction reports.
- 1Introduced (current step)
- 2Passed One Chamber
- 3Passed Both Chambers
- 4Became Law
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Bill information
Summary
A bill to amend title 31, United States Code, to exempt transactions with respect to cash reward payments by crime stopper organizations from certain currency transaction reports.
Plain-language summary
This bill would change federal currency reporting rules for crime stopper organizations. Crime stoppers are groups that pay rewards to people who provide tips about crimes. Currently, cash payments over $10,000 trigger mandatory reports to the government. The bill would exempt crime stopper reward payments from these reporting requirements. The bill is sponsored by Ashley Moody and has been introduced in Congress.
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SB5644: A bill to amend title 31, United States Code, to exempt transactions with respe…