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HR 6029119th CongressIn Committee
To amend the Bank Secrecy Act to exempt transactions with respect to cash reward payments by crime stopper organizations from certain currency transaction reports.
Introduced: Nov 12, 2025
Sponsor: Rep. Guest, Michael [R-MS-3] (R-Mississippi)
Standard Summary
Comprehensive overview in 1-2 paragraphs
Bill to exempt crime stopper organization cash reward transactions from Bank Secrecy Act reporting requirements.
Key Points
- 1Amends Bank Secrecy Act to exempt nonprofit crime stopper organizations
- 2Applies to transactions involving cash rewards for crime information
- 3Maintains depository institution exemption from currency transaction reports
- 4Supports community crime prevention efforts
- 5Narrows focus to legitimate nonprofit anti-crime activities
Impact Areas
Banking regulationCrime preventionNonprofit organizationsFinancial reporting requirements
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