To amend the Bank Secrecy Act to exempt transactions with respect to cash reward payments by crime stopper organizations from certain currency transaction reports.

# HR 6029 Summary **What the Bill Does** This bill would modify the Bank Secrecy Act to create an exemption for cash reward payments made by crime stopper organizations. Currently, banks must file Currency Transaction Reports (CTRs) when customers conduct cash transactions over $10,000. This bill would exempt crime stopper organizations from having to report these reward payments, reducing paperwork and bureaucratic requirements for organizations that pay cash rewards to help solve crimes. **Who It Affects** The bill primarily affects crime stopper organizations—community groups that offer cash rewards to encourage the public to provide information about crimes. It would also reduce reporting requirements for the banks that process these organizations' transactions.

Citizens who receive rewards would be indirectly affected, though the impact would likely be minimal. **Current Status** HR 6029 is currently in committee and has not yet been voted on by the full House of Representatives. The bill was introduced by Representative Michael Guest (R-MS) in the 119th Congress. No action has been taken beyond the initial committee referral.