Treasury would have to exempt banks from certain cash transaction reports when transactions with nonprofits are connected to cash rewards for crime information.
Banks and other institutions that take deposits would be exempt from certain cash transaction reports for transactions with nonprofits connected to cash rewards for information about crimes.
Treasury would exempt banks and other institutions that take deposits from certain cash transaction reporting requirements. The exemption would cover transactions between an institution that takes deposits and a nonprofit organization. The transaction must be connected to the nonprofit providing a cash reward in exchange for information about a crime.
No hearings or votes scheduled.