HR 5960 · 96th Congress · Finance and Financial Sector
A bill to amend the Currency and Foreign Transactions Reporting Act to allow for the payment of compensation to informers.
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to House Committee on Banking, Finance and Urban Affairs.(1979-11-27)
Plain Language Summary
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Amends the Currency and Foreign Transactions Reporting Act to authorize the Secretary of the Treasury to pay a reward to any individual providing original information which leads to recovery of at least $50,000 by way of a criminal fine, civil penalty, or forfeiture for a violation of such Act. Makes ineligible for such payment any Federal, State, or local employee who furnishes information in the performance of official duties.…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (20)
12 Democrats7 Republicans1 Independent