S. 1071 — A bill to limit suspicious activity reporting requirements to requests from law enforcement agencies, and for other purposes.

Summary

Authorizes the Secretary of the Treasury to require a financial institution to report a suspicious transaction relevant to a possible violation of law or regulation only upon request of an appropriate law enforcement agency.

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Related Legislation

S. 1072A bill to provide for a good faith exemption from suspicious activity reporting requirements, and for other purposes.
2011-05-25Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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Legislative Actions

2011-05-25
Introduced in Senate
2011-05-25
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

A bill to limit suspicious activity reporting requirements to requests from law enforcement agencies, and for other purposes.

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