United StatesNonprofit cash rewards would be exempt from certain reports
A nonprofit's transaction would avoid certain federal currency reports when it pays cash in exchange for information about a crime.
What it does
The reporting exemption would apply when a nonprofit's transaction is connected to giving a cash reward for information about a crime.
Argument forThe exemption could help nonprofits pay crime-tip rewards with less reporting tied to those cash transactions.
Argument againstExempting these transactions could reduce the information available through currency reports about nonprofit cash reward payments.
More detail
Federal law would exempt a nonprofit's cash-reward transaction from certain currency transaction reports. Covered transactions involve nonprofit organizations. The transaction must be connected to the nonprofit providing a cash reward for information about a crime.
Where do you stand?
Choose your position
Tell your reps
Take a position to see your representatives and ways to contact them.
Where it stands
- Introduced
- Passed Senate
- Passed House
- To President
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Sep 30Introduced in SenateLatest
- Sep 30Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.Introduced
Criminal JusticePublic SafetyConsumer Protection