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HR6029Referred to Committee

To amend the Bank Secrecy Act to exempt transactions with respect to cash reward payments by crime stopper organizations from certain currency transaction reports.

Share:
Introduced
In Committee
3
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2025-11-12
Introduced
2
Cosponsors
HR
ⓘ
Type

Sponsor

Michael Guest
Michael Guest
Republican · MS · Representative
Votes with party: 97.8% (597 recorded votes)

Full profile: /officials/G000591

Source: Congress.gov · FEC

Cosponsors (2)

Members who have signed on to support this bill since introduction. Source: Congress.gov.

2 cosponsors on record at Congress.gov. The named list is syncing into Govwatch and will appear here shortly — view on Congress.gov in the meantime.

Latest Action

The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →

Referred to the House Committee on Financial Services.

2025-11-12

Source: Congress.gov

Committee Activity

Currently in

  • House Committee on Financial ServicesReferred To · 2025-11-12

Plain-English Summary

Crime stopper organizations that pay cash rewards to people who provide tips about crimes would no longer have to file detailed currency transaction reports with federal authorities when making these payments. Banks and financial institutions currently must report large cash transactions to help prevent money laundering, but this change would create an exception specifically for reward payments made by legitimate crime stopper groups. This would simplify the process for organizations that rely on cash rewards to encourage public cooperation with law enforcement.

AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.

Subjects

Finance and Financial Sector
Full bill text is not yet cached locally.
Open text viewRead on Congress.gov

Related legislation

Bills by the same sponsor or covering overlapping subjects.

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