3.0.0 1072 2019-02-20T23:08:22Z 2019-02-24T00:36:59Z Senate S S 2011-05-25 112 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2011-05-26T00:08:02Z A bill to limit suspicious activity reporting requirements to requests from law enforcement agencies, and for other purposes. 112 1071 S 2011-05-25 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Related bill CRS 2011-05-25 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2011-05-25 Introduced in Senate IntroReferral 10000 9 Library of Congress P000603 Sen. Paul, Rand [R-KY] Rand Paul R KY N Crime and Law Enforcement Bank accounts, deposits, capital Criminal investigation, prosecution, interrogation Crime and Law Enforcement 00 2011-05-25 Introduced in Senate 2011-09-06T16:46:03Z Declares that failure by a financial institution or any of its directors, officers, employees, or agents to report a suspicious transaction is not a violation of specified monetary transaction reporting requirements if the institution or person has: (1) in effect an established decision-making process with respect to suspicious transactions, (2) made a good faith effort to follow existing policies, procedures, and processes with respect to such transactions; and (3) determined not to file a report with respect to a particular transaction.

Deems failure to submit a suspicious transaction report to be a violation of such reporting requirements if it is accompanied by evidence of bad faith on the part of either the financial institution or other person.

]]> A bill to provide for a good faith exemption from suspicious activity reporting requirements, and for other purposes. Display Title A bill to provide for a good faith exemption from suspicious activity reporting requirements, and for other purposes. Official Title as Introduced A bill to provide for a good faith exemption from suspicious activity reporting requirements, and for other purposes. Introduced in Senate 2011-05-25T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112s1072is/xml/BILLS-112s1072is.xml 2011-05-25 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.