3.0.0 1419 2023-01-11T13:22:36Z 2023-01-11T13:22:36Z Senate S S 2011-07-26 112 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2011-07-26T18:29:43Z 2011-07-26 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2011-07-26 Introduced in Senate IntroReferral 10000 9 Library of Congress K000367 Sen. Klobuchar, Amy [D-MN] Amy Klobuchar D MN N U000039 Sen. Udall, Tom [D-NM] TOM UDALL D NM 2011-07-26 True S001181 Sen. Shaheen, Jeanne [D-NH] Jeanne Shaheen D NH 2011-07-26 True Finance and Financial Sector Administrative law and regulatory procedures Currency Department of the Treasury Fraud offenses and financial crimes Government information and archives Smuggling and trafficking Finance and Financial Sector 00 2011-07-26 Introduced in Senate 2011-10-26T15:21:37Z Anti-Cash Smuggling Act of 2011 - Directs the Secretary of the Treasury to require reports concerning means of access to funds or the value of funds belonging or credited to a person (or agent or bailee), including prepaid or stored value cards (but not debit or credit cards), that can be used electronically to: (1) initiate a transfer of funds, (2) obtain currency in place of funds or the value of funds, or (3) purchase goods or services.

Requires such reports to be filed only when a person knowingly: (1) transports, is about to transport, or has transported a means of access to funds or the value of funds of more than $10,000 at one time from a place in the United States to or through a place outside the United States, or to a place in the United States from or through a place outside the United States; or (2) receives a means of access to funds or the value of funds transported into the United States from or through a place outside the United States of more than $10,000 at one time.

Authorizes the Secretary of the Treasury to apply to a court for a search warrant upon a reasonable belief that: (1) a monetary instrument or a tangible mechanism that constitutes a means of access to funds or the value of funds is being transported; and (2) a required report has not been filed or contains a material omission or misstatement.

Revises penalties and procedures regarding smuggling of cash, monetary instruments, and means of access to funds or the value of funds into or out of the United States.]]>

Anti-Cash Smuggling Act of 2011 Display Title Anti-Cash Smuggling Act of 2011 Official Title as Introduced A bill to prevent the use of stored value cards and other electronic fund access means as methods for currency smuggling or money laundering. Introduced in Senate IS Short Titles as Introduced Anti-Cash Smuggling Act of 2011 Introduced in Senate 2011-07-26T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112s1419is/xml/BILLS-112s1419is.xml 2011-07-26 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.