3.0.0 6688 2019-11-15T20:55:42Z 2019-11-15T20:55:42Z House H HR 2008-07-31 110 hsba00 Financial Services Committee House Standing Referred to 2008-07-31T14:02:45Z A bill to require persons seeking approval for a liquefied natural gas facility to identify employees and agents engaged in activities to persuade communities of the benefits of the approval. 110 323 S 2007-01-17 Read twice and referred to the Committee on Energy and Natural Resources. (text of measure as introduced: CR S695) Related bill CRS 2008-07-31 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2008-07-31 Introduced in House IntroReferral Intro-H 9 Library of Congress 2008-07-31 Introduced in House IntroReferral 1000 9 Library of Congress F000454 Rep. Foster, Bill [D-IL-14] Bill Foster D IL 14 N F000339 Rep. Frank, Barney [D-MA-4] BARNEY FRANK D MA 4 2008-07-31 True M001140 Rep. Moore, Dennis [D-KS-3] DENNIS MOORE D KS 3 2008-07-31 True Finance and Financial Sector Administrative law and regulatory procedures Bank accounts, deposits, capital Banking and financial institutions regulation Business records Currency Department of the Treasury Government information and archives Finance and Financial Sector 00 2008-07-31 Introduced in House 2008-10-30T21:42:19Z Seasoned Customer CTR Exemption Act of 2008 - Amends federal money and finance law to: (1) repeal certain discretionary exemptions of depository institutions from currency transaction reporting (CTR) requirements; and (2) instruct the Secretary of the Treasury to prescribe regulations that exempt any depository institution from filing certain mandatory reports of currency transactions 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; and (2) has maintained a deposit account with the depository institution for at least two months, or 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) set conditions under which exempt qualified customers of an insured depository institution that is 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.

Revises certain mandatory exemptions from CTR requirements. Requires the Secretary to exempt a depository institution from domestic CTR requirements without requiring the depository institution to either file a notice of designation of exemption, or to annually review the information supporting the exemption, with respect to transactions between the depository institution and specified categories of entities.

Specifies additions to such categories of entities.

Permits a depository institution to elect to report such exempted transactions without being subject to any penalty, liability, enforcement remedy, or supervisory criticism for such reporting.

]]> Seasoned Customer CTR Exemption Act of 2008 Short Titles as Introduced Seasoned Customer CTR Exemption Act of 2008 Display Title Seasoned Customer CTR Exemption Act of 2008 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 2008-07-31T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110hr6688ih/xml/BILLS-110hr6688ih.xml 2008-07-31 Referred to the House Committee on Financial Services. 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.