Federal RuleAug 21
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DOL Rewrites Disability Rules for 'Merit-Based Opportunity' Push
RuleLabor DepartmentFederal Contract Compliance Programs OfficeSignificant Wallet
119-s-5644119th CongressWALLET
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.
Sponsored By: Senator Moody, Ashley [R-FL]
Introduced
Summary
Exempts cash rewards paid by crime‑stopper nonprofits from currency transaction reporting. The bill would add paragraph (E) to 31 U.S.C. 5313(d)(1) to exclude transactions where a nonprofit pays a cash reward for information about a crime from Bank Secrecy Act currency transaction reports. It creates a narrow, textual exemption aimed at reducing reporting burdens on nonprofit tip‑reward activities.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Less reporting for crime reward payments
If enacted, the bill would exempt certain cash reward payments from currency transaction reports (CTRs). Nonprofit crime-stopper organizations would not have to file CTRs for cash paid as rewards for information about crimes. The bill would set no reward amount and would not change other CTR reporting rules.
Sponsors & CoSponsors
Sponsor
Moody, Ashley [R-FL]
FL • R
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov