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

Less bank reporting for crime-tip rewards

This bill would require Treasury to exempt banks from certain cash transaction reports when dealing with a nonprofit that pays cash rewards for crime tips. The exemption would apply only to transactions between the bank and the nonprofit tied to those rewards. It would not change other anti–money-laundering reports or recordkeeping rules. There is no stated start date or end date. Individuals involved with these rewards could see fewer bank reports tied to these payments.