3.0.0 323 2022-02-03T05:10:23Z 2022-02-03T05:10:23Z House H HR 2007-01-09 110 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2007-01-24T19:34:05Z hsba00 Financial Services Committee House Standing Referred to 2007-01-09T15:31:10Z 2007-01-24 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 2007-01-23 12:59:50 Motion to reconsider laid on the table Agreed to without objection. Floor H38310 2 House floor actions 2007-01-23 12:59:38 On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H848-849) Floor H37300 2 House floor actions 2007-01-23 12:59:38 Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote.(text: CR H848-849) Floor 8000 9 Library of Congress 2007-01-23 12:43:50 DEBATE - The House proceeded with forty minutes of debate on H.R. 323. Floor H8D000 2 House floor actions 2007-01-23 12:43:46 Considered under suspension of the rules. (consideration: CR H848-851) Floor H30000 2 House floor actions 2007-01-23 12:43:28 Mr. Frank (MA) moved to suspend the rules and pass the bill. Floor H30300 2 House floor actions 2007-01-09 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2007-01-09 Introduced in House IntroReferral Intro-H 9 Library of Congress 2007-01-09 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 2007-01-09 True M000087 Rep. Maloney, Carolyn B. [D-NY-14] CAROLYN MALONEY D NY B. 14 2007-01-09 True G000210 Rep. Gillmor, Paul E. [R-OH-5] PAUL GILLMOR R OH E. 5 2007-01-09 True H001036 Rep. Hensarling, Jeb [R-TX-5] Jeb Hensarling R TX 5 2007-01-09 True M001140 Rep. Moore, Dennis [D-KS-3] DENNIS MOORE D KS 3 2007-01-09 True B001232 Rep. Biggert, Judy [R-IL-13] JUDY BIGGERT R IL 13 2007-01-09 True J000255 Rep. Jones, Walter B., Jr. [R-NC-3] WALTER JONES R NC B. 3 2007-01-09 True W000797 Rep. Wasserman Schultz, Debbie [D-FL-20] Debbie Wasserman Schultz D FL 20 2007-01-09 True S001144 Rep. Shays, Christopher [R-CT-4] CHRISTOPHER SHAYS R CT 4 2007-01-09 True F000447 Rep. Feeney, Tom [R-FL-24] Tom Feeney R FL 24 2007-01-09 True H000636 Rep. Hinojosa, Ruben [D-TX-15] RUBEN HINOJOSA D TX 15 2007-01-09 True P000583 Rep. Paul, Ron [R-TX-14] RON PAUL R TX 14 2007-01-09 True G000548 Rep. Garrett, Scott [R-NJ-5] Scott Garrett R NJ 5 2007-01-09 True C001049 Rep. Clay, Wm. Lacy [D-MO-1] WM. CLAY D MO LACY 1 2007-01-09 True R000574 Rep. Renzi, Rick [R-AZ-1] Rick Renzi R AZ 1 2007-01-09 True N000182 Rep. Neugebauer, Randy [R-TX-19] Randy Neugebauer R TX 19 2007-01-09 True D000603 Rep. Davis, Geoff [R-KY-4] Geoff Davis R KY 4 2007-01-09 True M001156 Rep. McHenry, Patrick T. [R-NC-10] Patrick McHenry R NC 10 2007-01-09 True H000762 Rep. Hooley, Darlene [D-OR-5] DARLENE HOOLEY D OR 5 2007-01-09 True M000309 Rep. McCarthy, Carolyn [D-NY-4] CAROLYN MCCARTHY D NY 4 2007-01-09 True M001142 Rep. Matheson, Jim [D-UT-2] JIM MATHESON D UT 2 2007-01-09 True C000243 Rep. Castle, Michael N. [R-DE-At Large] MICHAEL CASTLE R DE N. 0 2007-01-12 False M001139 Rep. Miller, Gary G. [R-CA-42] GARY MILLER R CA 42 2007-01-12 False D000602 Rep. Davis, Artur [D-AL-7] Artur Davis D AL 7 2007-01-12 False C001064 Rep. Campbell, John [R-CA-48] John Campbell R CA 48 2007-01-22 False 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 2007-01-09 Introduced in House 2007-01-22T20:49:15Z Seasoned Customer CTR Exemption Act of 2007 - Amends federal money and finance law to: (1) repeal the 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.

]]> 81 2007-01-23 Passed House without amendment 2007-01-29T20:18:49Z (This measure has not been amended since it was introduced. The summary of that version is repeated here.)

Seasoned Customer CTR Exemption Act of 2007 - Amends federal money and finance law to: (1) repeal the 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 2007 Short Titles as Introduced Seasoned Customer CTR Exemption Act of 2007 Short Titles as Passed House Seasoned Customer CTR Exemption Act of 2007 H House Display Title Seasoned Customer CTR Exemption Act of 2007 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. Referred in Senate 2007-01-24T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110hr323rfs/xml/BILLS-110hr323rfs.xml Engrossed in House 2007-01-23T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110hr323eh/xml/BILLS-110hr323eh.xml Introduced in House 2007-01-09T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110hr323ih/xml/BILLS-110hr323ih.xml 2007-01-24 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.