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.

Introduced 1979-11-27· Sponsored by Rep. LaFalce, John J. [D-NY-36]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Banking, Finance and Urban Affairs.(1979-11-27)

Plain Language Summary

[AI summary unavailable — showing source text] 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