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Crime Stopper Rewards Exempted from Cash Transaction Reporting Requirements.

This bill amends the Bank Secrecy Act to ease reporting requirements for banks dealing with non-profit crime stopper organizations. Banks will no longer need to file reports for large cash reward payments made by these organizations for information about crimes. This change aims to streamline the reward process and potentially encourage citizens to report crimes by ensuring greater discretion regarding reward payments.
Key points
Banks are exempted from filing Currency Transaction Reports (CTRs) for cash reward payments made by crime stopper organizations.
The goal is to facilitate the quick and discreet payment of rewards, potentially boosting public cooperation in solving crimes.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_6029
Sponsor: Rep. Guest, Michael [R-MS-3]
Process start date: 2025-11-12
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

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

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_6029.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2025-11-12.

What are the main provisions?

Key points include:

  • Banks are exempted from filing Currency Transaction Reports (CTRs) for cash reward payments made by crime stopper organizations.
  • The goal is to facilitate the quick and discreet payment of rewards, potentially boosting public cooperation in solving crimes.
What is the specific legal status?

The current status is Introduced.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Guest, Michael [R-MS-3].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-23.

CATEGORIES

Security Courts and Law