A bill to provide for Federal monetary awards payable to persons who provide information leading to the arrest and conviction of individuals for the unlawful sale, or possession for sale, of a controlled substance or controlled substance analogue; to provide for incentive awards to States payable from certain funds arising from forfeitures under Federal drug laws; and to provide for the retirement of all United States notes of the denomination of $100 and their replacement with new notes in such denomination.
Bounty Hunter Act of 1988 - Amends the Comprehensive Crime Control Act of 1984 to increase the maximum reward for information leading to the arrest and conviction under Federal law of any individual for the unlawful sale, or possession for sale, of a controlled substance or a controlled substance analogue. Provides for the payment of incentive rewards to States to encourage the establishment of programs to pay similar rewards for violations of State laws.
Directs the Secretary of the Treasury to retire all circulating $100 U.S. notes and issue new $100 U.S. notes. Requires the Secretary to provide for a ten-day exchange period. Requires the name, address, and social security number of any individual who exchanges $100 notes having a value of $5,000 or more to be recorded and forwarded to the Department of the Treasury for use in criminal investigations or prosecutions.
Introduced in House
Introduced in House
Referred to House Committee on Banking, Finance and Urban Affairs.
Referred to House Committee on The Judiciary.
Referred to Subcommittee on Consumer Affairs and Coinage.
Referred to Subcommittee on Crime.
checking server…
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line