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S. 5644

BillFederalSenateIn Committee
A bill to amend title 31, United States Code, to exempt transactions with respect to cash reward payments by crime stopper organizations from certain currency transaction reports.
About This Bill
Committee
Latest Action · September 30, 2026
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Introduced
September 30, 2026
Cosponsors (0)
None
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Summary

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This bill would exempt crime stopper organizations from having to file currency transaction reports when they pay cash rewards for information about crimes. Currently, banks and financial institutions must file reports when customers conduct cash transactions over $10,000, which helps authorities detect money laundering and other financial crimes. The legislation carves out an exception for nonprofit crime stopper organizations making reward payments, recognizing that these groups need to pay informants in cash while protecting their identities and encouraging community participation in crime prevention. The bill modifies federal tax code to add this exemption and does not include any specific funding or implementation timeline beyond its introduction in September 2026.

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