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US HB6029
Bill
Status
11/12/2025
Primary Sponsor
Michael Guest
Click for details
AI Summary
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Amends Section 5313(d) of title 31, United States Code (Bank Secrecy Act) to create a new exemption for crime stopper organizations
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Requires the Secretary of the Treasury to exempt depository institutions from currency transaction reporting requirements for transactions with nonprofit crime stopper organizations
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Exemption applies specifically to transactions where the nonprofit organization is providing a cash reward in exchange for information about a crime
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Introduced by Rep. Guest on November 12, 2025, and referred to the House Committee on Financial Services
Legislative Description
To amend the Bank Secrecy Act to exempt transactions with respect to cash reward payments by crime stopper organizations from certain currency transaction reports.
Finance and financial sector
Last Action
Referred to the House Committee on Financial Services.
11/12/2025