CONGRESS FOR VOTERS

Michael Guest (R-MS)

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

H.R. 6029 · House bill Finance and Financial Sector

A Republican bill with 3 Republican cosponsors · See all 3 cosponsors

Last activity — Referred to the House Committee on Financial Services.

In committee

Introduced and handed to a committee in the chamber it started in.

The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.

Its path through Congress

  1. Introduced
  2. In Committee

What this bill would do

H.R. 6029 aims to change the Bank Secrecy Act. It would stop depository institutions from having to file certain currency transaction reports for specific payments. These exemptions apply to transactions between the institution and nonprofit organizations. Specifically, this covers cash rewards given in exchange for information about a crime.

Yes

  • Scored +2

    Does this protect people from being watched or searched?

    Provides an exemption from government reporting for specific nonprofit reward payments.

The opposite

  • Scored -3

    Does this make what the government does easier for the public to see?

    Creates an exemption that reduces the transparency of certain cash transactions reported to the government.

  • Scored -2

    Does this give the federal government more power?

    Reduces federal reporting requirements for certain financial transactions.