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

USA119th CongressHR-6029| House 
| Updated: 11/12/2025
Michael Guest

Michael Guest

Republican Representative

Mississippi

Cosponsors (1)
Mike Ezell (Republican)

Financial Services Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
This bill proposes an amendment to the Bank Secrecy Act, specifically targeting currency transaction reporting requirements for certain financial activities. It mandates the Secretary of the Treasury to exempt depository institutions from filing these reports under specific conditions. The exemption applies to transactions between a depository institution and a nonprofit organization when the transaction is directly connected to the nonprofit providing a cash reward in exchange for information about a crime. The core purpose of this legislative change is to reduce the administrative burden on banks that facilitate payments for crime stopper organizations . By streamlining this process, the bill aims to support the efforts of these organizations in offering rewards and encouraging public assistance in crime resolution.
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Timeline
Nov 12, 2025
Introduced in House
Nov 12, 2025
Referred to the House Committee on Financial Services.
  • November 12, 2025
    Introduced in House


  • November 12, 2025
    Referred to the House Committee on Financial Services.

Finance and Financial Sector

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

USA119th CongressHR-6029| House 
| Updated: 11/12/2025
This bill proposes an amendment to the Bank Secrecy Act, specifically targeting currency transaction reporting requirements for certain financial activities. It mandates the Secretary of the Treasury to exempt depository institutions from filing these reports under specific conditions. The exemption applies to transactions between a depository institution and a nonprofit organization when the transaction is directly connected to the nonprofit providing a cash reward in exchange for information about a crime. The core purpose of this legislative change is to reduce the administrative burden on banks that facilitate payments for crime stopper organizations . By streamlining this process, the bill aims to support the efforts of these organizations in offering rewards and encouraging public assistance in crime resolution.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Nov 12, 2025
Introduced in House
Nov 12, 2025
Referred to the House Committee on Financial Services.
  • November 12, 2025
    Introduced in House


  • November 12, 2025
    Referred to the House Committee on Financial Services.
Michael Guest

Michael Guest

Republican Representative

Mississippi

Cosponsors (1)
Mike Ezell (Republican)

Financial Services Committee

Finance and Financial Sector

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted