Taxpayer Protections Against Abusive Seizures Act

Taxpayer Protections Against Abusive Seizures Act - Requires notice of a right to request a court hearing to each person whose property is seized or restrained because of an alleged violation of the prohibition against structuring transactions to evade reporting requirements.

Requires the seized or restrained property to be returned, if the person requests a court hearing within 14 days after receiving such notice, unless within 14 days of that request the court holds an adversarial hearing and finds probable cause to believe that such a violation exists.

[Congressional Bills 113th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5833 Introduced in House (IH)]

113th CONGRESS
  2d Session
                                H. R. 5833

  To require upon request a probable cause hearing in connection with 
      property seizures relating to certain monetary instruments 
                             transactions.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           December 10, 2014

  Mr. Camp (for himself and Mr. Levin) introduced the following bill; 
       which was referred to the Committee on Financial Services

_______________________________________________________________________

                                 A BILL


 
  To require upon request a probable cause hearing in connection with 
      property seizures relating to certain monetary instruments 
                             transactions.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Taxpayer Protections Against Abusive 
Seizures Act''.

SEC. 2. PROBABLE CAUSE HEARING IN CONNECTION WITH PROPERTY SEIZURES 
              RELATING TO CERTAIN MONETARY INSTRUMENTS TRANSACTIONS.

    (a) In General.--If a hearing by a court of competent jurisdiction 
is requested within 14 days after the date on which notice is provided 
under subsection (b), property seized or restrained pursuant to section 
5317(c)(2) of title 31, United States Code, with respect to an alleged 
violation of section 5324 of title 31 of such Code, shall be returned 
unless the court holds an adversarial hearing and finds within 14 days 
of such request that there is probable cause to believe that there is a 
violation of such section 5324 involving such property.
    (b) Notice.--Notice shall be provided to each person from whom 
property is seized or restrained pursuant to section 5317(c)(2) of 
title 31, United States Code, of the rights of such person under 
subsection (a).
    (c) Effective Date.--Subsections (a) and (b) shall apply with 
respect to property seized or restrained after the date of the 
enactment of this Act.
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