S 403
106th Congress
Senate
Finance and Financial Sector
Administrative procedure
Bank accounts
Bank records
Commerce
Crime and Law Enforcement
Department of the Treasury
Federal Deposit Insurance Corporation
Federal Reserve System
Fines (Penalties)
Government Operations and Politics
Government corporations
Government paperwork
Injunctions
Law
Money laundering
A bill to prohibit implementation of "Know Your Customer" regulations by the Federal banking agencies.
Introduced: February 10, 1999
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 10, 1999
Read twice and referred to the Committee on Banking.
Feb 10, 1999
Sponsor introductory remarks on measure. (CR S1425)
Feb 10, 1999
Introduced in Senate
Plain-English summary
Prohibits any regulation prescribed by the Secretary of the Treasury or any Federal banking agency that would require a depository institution or any other private entity to obtain information concerning any person in connection with a financial transaction between such person and such entity (know your customer regulation) from taking effect.
What's happening now
Read twice and referred to the Committee on Banking.
Committees of jurisdiction
1
Cosponsors
1