3.0.0 5341 2023-01-13T04:48:29Z 2023-01-13T04:48:29Z House H HR 2006-05-10 109 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2006-06-28T20:34:01Z hsba00 Financial Services Committee House Standing hsba15 Consumer Protection and Financial Institutions Subcommittee Discharged from 2006-05-19T16:58:48Z Hearings by 2006-05-19T16:58:36Z Referred to 2006-05-16T15:09:20Z Reported by 2006-06-19T21:12:13Z Markup by 2006-05-24T16:40:44Z Referred to 2006-05-10T14:01:35Z H. Rept. 109-506 2006-06-28 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2006-06-27 12:22:51 Motion to reconsider laid on the table Agreed to without objection. Floor H38310 2 House floor actions 2006-06-27 12:22:49 On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H4576-4577) Floor H37300 2 House floor actions 2006-06-27 12:22:49 Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.(text: CR H4576-4577) Floor 8000 9 Library of Congress 2006-06-27 11:58:07 DEBATE - The House proceeded with forty minutes of debate on H.R. 5341. Floor H8D000 2 House floor actions 2006-06-27 11:58:05 Considered under suspension of the rules. (consideration: CR H4576-4582) Floor H30000 2 House floor actions 2006-06-27 11:57:50 Mr. Bachus moved to suspend the rules and pass the bill, as amended. Floor H30300 2 House floor actions 2006-06-19 Placed on the Union Calendar, Calendar No. 282. Calendars H12410 2 House floor actions U00282 2006-06-19 Reported (Amended) by the Committee on Financial Services. H. Rept. 109-506. Committee H12200 2 House floor actions hsba00 Financial Services Committee 2006-06-19 Reported (Amended) by the Committee on Financial Services. H. Rept. 109-506. Committee 5000 9 Library of Congress hsba00 Financial Services Committee 2006-05-24 hsba00 Financial Services Committee 1 House committee actions Ordered to be Reported (Amended) by Voice Vote. Committee 2006-05-24 hsba00 Financial Services Committee 1 House committee actions Committee Consideration and Mark-up Session Held. Committee 2006-05-19 hsba00 Financial Services Committee 1 House committee actions Subcommittee on Financial Institutions and Consumer Credit Discharged. Committee 2006-05-19 hsba15 Consumer Protection and Financial Institutions Subcommittee 1 House committee actions Subcommittee Hearings Held. Committee 2006-05-16 hsba15 Consumer Protection and Financial Institutions Subcommittee 1 House committee actions Referred to the Subcommittee on Financial Institutions and Consumer Credit. Committee 2006-05-10 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2006-05-10 Introduced in House IntroReferral Intro-H 9 Library of Congress 2006-05-10 Introduced in House IntroReferral 1000 9 Library of Congress B000013 Rep. Bachus, Spencer [R-AL-6] SPENCER BACHUS R AL 6 N F000339 Rep. Frank, Barney [D-MA-4] BARNEY FRANK D MA 4 2006-05-10 True H001036 Rep. Hensarling, Jeb [R-TX-5] Jeb Hensarling R TX 5 2006-05-10 True M001140 Rep. Moore, Dennis [D-KS-3] DENNIS MOORE D KS 3 2006-05-10 True R000574 Rep. Renzi, Rick [R-AZ-1] Rick Renzi R AZ 1 2006-05-10 True M000087 Rep. Maloney, Carolyn B. [D-NY-14] CAROLYN MALONEY D NY B. 14 2006-05-10 True D000603 Rep. Davis, Geoff [R-KY-4] Geoff Davis R KY 4 2006-05-10 True D000602 Rep. Davis, Artur [D-AL-7] Artur Davis D AL 7 2006-05-10 True S001144 Rep. Shays, Christopher [R-CT-4] CHRISTOPHER SHAYS R CT 4 2006-05-10 True H000762 Rep. Hooley, Darlene [D-OR-5] DARLENE HOOLEY D OR 5 2006-05-10 True J000255 Rep. Jones, Walter B., Jr. [R-NC-3] WALTER JONES R NC B. 3 2006-05-10 True M001142 Rep. Matheson, Jim [D-UT-2] JIM MATHESON D UT 2 2006-05-10 True B001232 Rep. Biggert, Judy [R-IL-13] JUDY BIGGERT R IL 13 2006-05-10 True H000636 Rep. Hinojosa, Ruben [D-TX-15] RUBEN HINOJOSA D TX 15 2006-05-10 True G000548 Rep. Garrett, Scott [R-NJ-5] Scott Garrett R NJ 5 2006-05-10 True W000797 Rep. Wasserman Schultz, Debbie [D-FL-20] Debbie Wasserman Schultz D FL 20 2006-05-10 True N000182 Rep. Neugebauer, Randy [R-TX-19] Randy Neugebauer R TX 19 2006-05-10 True C001049 Rep. Clay, Wm. Lacy [D-MO-1] WM. CLAY D MO LACY 1 2006-05-10 True M000309 Rep. McCarthy, Carolyn [D-NY-4] CAROLYN MCCARTHY D NY 4 2006-05-10 True F000447 Rep. Feeney, Tom [R-FL-24] Tom Feeney R FL 24 2006-05-17 False P000583 Rep. Paul, Ron [R-TX-14] RON PAUL R TX 14 2006-05-17 False M001156 Rep. McHenry, Patrick T. [R-NC-10] Patrick McHenry R NC 10 2006-05-17 False I000057 Rep. Israel, Steve [D-NY-2] STEVE ISRAEL D NY 2 2006-05-19 False 2006-06-16T04:00:00Z H.R. 5341, Seasoned Customer CTR Exemption Act of 2006 http://www.cbo.gov/publication/17868 <p>Cost estimate for the bill as ordered reported by the House Committee on Financial Services on May 24, 2006</p> 2006-06-16T04:00:00Z H.R. 5341, Seasoned Customer CTR Exemption Act of 2006 https://www.cbo.gov/publication/17868 Cost estimate for the bill as ordered reported by the House Committee on Financial Services on May 24, 2006 Finance and Financial Sector Administrative procedure Bank deposits Bank records Coins and coinage Commerce Congressional reporting requirements Crime and Law Enforcement Crime prevention Department of the Treasury Financial institutions Government Operations and Politics Government paperwork Law Money Money laundering Finance and Financial Sector 00 2006-05-10 Introduced in House 2006-06-06T20:13:02Z Seasoned Customer CTR Exemption Act of 2006 - Amends federal money and finance law to instruct the Secretary of the Treasury to prescribe regulations that exempt a depository institution from filing a currency transaction report (CTR) if the transaction is with a qualified customer.

Defines qualified customer as any person that: (1) is incorporated or organized under federal or state law, including a sole proprietorship, or is registered as and eligible to do business within the United States or a state; (2) has maintained a deposit account with the depository institution for at least 12 months; and (3) has engaged, using such account, in multiple currency transactions subject to federal CTR requirements.

]]> 17 2006-06-19 Reported to House with amendment(s) 2006-07-13T19:07:08Z Seasoned Customer CTR Exemption Act of 2006 - Amends federal money and finance law to: (1) repeal the current authority of the Secretary of the Treasury to exempt a depository institution from currency transaction reporting (CTR) requirements with respect to transactions between the depository institution and a qualified business customer; and (2) instruct the Secretary to prescribe regulations that exempt a depository institution from filing a CTR if the transaction is with a qualified customer.

Defines qualified customer as any person that: (1) is incorporated or organized under federal or state law, including a sole proprietorship, or is registered as and eligible to do business within the United States or a state; (2) has maintained a deposit account with the depository institution for at least 12 months; and (3) has engaged, using such account, in multiple currency transactions subject to federal CTR requirements.

Requires such regulations to require a depository institution to file a one-time notice of designation of exemption for each of its qualified customers.

Authorizes the Secretary to: (1) suspend, reject, or revoke any qualified customer exemption notice; and (2) establish conditions under which exempt qualified customers of an insured depository institution merged with or acquired by another insured depository institution will continue to be treated as designated exempt qualified customers of the surviving or acquiring institution.

Requires the Secretary to submit a three-year review and report evaluating implementation of this Act.

Requires the Secretary to review every five years: (1) the continuing appropriateness, relevance, and utility of each threshold amount or denomination established for any mandatory CTR; (2) adjust such amount for inflation, if any; and (3) report to Congress the review findings and conclusions, together with an explanation for any adjustment, or lack of adjustment, of any threshold amount or denomination.

]]> 36 2006-06-27 Passed House amended 2006-07-13T19:21:07Z (This measure has not been amended since it was reported to the House on June 19, 2006. The summary of that version is repeated here.)

Seasoned Customer CTR Exemption Act of 2006 - Amends federal money and finance law to: (1) repeal the current authority of the Secretary of the Treasury to exempt a depository institution from currency transaction reporting (CTR) requirements with respect to transactions between the depository institution and a qualified business customer; and (2) instruct the Secretary to prescribe regulations that exempt a depository institution from filing a CTR if the transaction is with a qualified customer.

Defines qualified customer as any person that: (1) is incorporated or organized under federal or state law, including a sole proprietorship, or is registered as and eligible to do business within the United States or a state; (2) has maintained a deposit account with the depository institution for at least 12 months; and (3) has engaged, using such account, in multiple currency transactions subject to federal CTR requirements.

Requires such regulations to require a depository institution to file a one-time notice of designation of exemption for each of its qualified customers.

Authorizes the Secretary to: (1) suspend, reject, or revoke any qualified customer exemption notice; and (2) establish conditions under which exempt qualified customers of an insured depository institution merged with or acquired by another insured depository institution will continue to be treated as designated exempt qualified customers of the surviving or acquiring institution.

Requires the Secretary to submit a three-year review and report evaluating implementation of this Act.

Requires the Secretary to review every five years: (1) the continuing appropriateness, relevance, and utility of each threshold amount or denomination established for any mandatory CTR; (2) adjust such amount for inflation, if any; and (3) report to Congress the review findings and conclusions, together with an explanation for any adjustment, or lack of adjustment, of any threshold amount or denomination.

]]> Seasoned Customer CTR Exemption Act of 2006 Display Title Seasoned Customer CTR Exemption Act of 2006 Official Title as Introduced To amend section 5313 of title 31, United States Code, to reform certain requirements for reporting cash transactions, and for other purposes. Introduced in House IH Short Titles as Introduced Seasoned Customer CTR Exemption Act of 2006 Short Titles as Reported to House Seasoned Customer CTR Exemption Act of 2006 H House Short Titles as Passed House Seasoned Customer CTR Exemption Act of 2006 H House Referred in Senate 2006-06-28T04:00:00Z Engrossed in House 2006-06-27T04:00:00Z Reported in House 2006-06-19T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-109hr5341rh/xml/BILLS-109hr5341rh.xml Introduced in House 2006-05-10T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-109hr5341ih/xml/BILLS-109hr5341ih.xml 2006-06-28 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.