3.0.0 1984 2021-09-28T13:44:39Z 2021-09-28T13:44:39Z House H HR 2011-05-25 112 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. POLIS:H.R. 1984.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8The Congress shall have Power to regulate Commerce withforeign Nations, and among the several States, and with theIndian Tribes.[Page H3645]]]> hsba00 Financial Services Committee House Standing hsba15 Consumer Protection and Financial Institutions Subcommittee Referred to 2011-07-29T20:31:37Z Referred to 2011-05-25T14:02:10Z 2011-07-29 hsba15 Consumer Protection and Financial Institutions Subcommittee 1 House committee actions Referred to the Subcommittee on Financial Institutions and Consumer Credit. Committee 2011-05-25 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2011-05-25 Introduced in House IntroReferral Intro-H 9 Library of Congress 2011-05-25 Introduced in House IntroReferral 1000 9 Library of Congress P000598 Rep. Polis, Jared [D-CO-2] Jared Polis D CO 2 N S000810 Rep. Stark, Fortney Pete [D-CA-13] PETE STARK D CA 13 2011-05-25 True P000583 Rep. Paul, Ron [R-TX-14] RON PAUL R TX 14 2011-05-25 True F000339 Rep. Frank, Barney [D-MA-4] BARNEY FRANK D MA 4 2011-05-25 True G000551 Rep. Grijalva, Raúl M. [D-AZ-7] Raúl Grijalva D AZ M. 7 2011-07-14 False L000397 Rep. Lofgren, Zoe [D-CA-16] ZOE LOFGREN D CA 16 2011-07-14 False B000574 Rep. Blumenauer, Earl [D-OR-3] EARL BLUMENAUER D OR 3 2011-09-13 False M000933 Rep. Moran, James P. [D-VA-8] JAMES MORAN D VA P. 8 2011-10-05 False L000551 Rep. Lee, Barbara [D-CA-9] BARBARA LEE D CA 9 2012-02-28 False P000593 Rep. Perlmutter, Ed [D-CO-7] Ed Perlmutter D CO 7 2012-02-28 False D000197 Rep. DeGette, Diana [D-CO-1] DIANA DEGETTE D CO 1 2012-07-25 False O000085 Rep. Olver, John W. [D-MA-1] JOHN OLVER D MA W. 1 2012-09-13 False Finance and Financial Sector Bank accounts, deposits, capital Banking and financial institutions regulation Business records Criminal justice information and records Government information and archives Finance and Financial Sector 00 2011-05-25 Introduced in House 2011-09-06T16:07:12Z Small Business Banking Improvement Act of 2011 - Prohibits the Secretary of the Treasury from requiring any financial institution or any of its directors, officers, employees, or agents to report any suspicious transaction relevant to a possible violation of law or regulation if a person involved in such transaction is a legitimate business.

Deems a person a legitimate business if the governor of each state in which such person does business has certified to the Secretary that: (1) the person is a business engaged in activities currently legal under state law, and (2) the state has an interest in exempting such person from mandatory reporting of suspicious transactions.

Requires the Secretary to maintain a public website with a list of all persons deemed to be a legitimate business for purposes of this Act.

]]> Small Business Banking Improvement Act of 2011 Short Titles as Introduced Small Business Banking Improvement Act of 2011 Display Title Small Business Banking Improvement Act of 2011 Official Title as Introduced To amend title 31, United States Code, to allow States to certify a business as legitimate for purposes of a financial institution's suspicious activity reporting requirements, facilitate unambiguous compliance of such businesses with State law, and provide regulatory relief for financial institutions. Introduced in House 2011-05-25T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112hr1984ih/xml/BILLS-112hr1984ih.xml 2011-07-29 Referred to the Subcommittee on Financial Institutions and Consumer Credit. 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.