HR 5341 · 109th Congress · Finance and Financial Sector
Seasoned Customer CTR Exemption Act of 2006
Bill Progress
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Introduced✓
Committee✓
House Vote4
Senate5
EnactedLatest: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.(2006-06-28)
Plain Language Summary
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Seasoned Customer CTR Exemption Act of 2006 - Amends federal money and finance law to instruct the Secretary of the Treasury to prescribe regulations that exempt a depository institution from filing a currency transaction report (CTR) if the transaction is with a qualified customer. Defines qualified customer as any person that: (1) is incorporated or organized under federal or state law, including a sole proprietorship, or is registered as and eligible to do business within the United States or a state; (2) has maintained a deposit account with the depository institution for at least 12 months; and (3) has engaged, using such account, in multiple currency transactions subject to federal CTR requirements.…
Summarized by Claude AI · Non-partisan · For informational purposes only
CBO Cost Estimate
Congressional Budget OfficeH.R. 5341, Seasoned Customer CTR Exemption Act of 2006
Jun 16, 2006<p>Cost estimate for the bill as ordered reported by the House Committee on Financial Services on May 24, 2006</p>
Full CBO report ↗H.R. 5341, Seasoned Customer CTR Exemption Act of 2006
Jun 16, 2006Cost estimate for the bill as ordered reported by the House Committee on Financial Services on May 24, 2006
Full CBO report ↗Official non-partisan budget analysis by the Congressional Budget Office
Cosponsors (20)
10 Democrats10 Republicans