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S 1072 112th Congress Senate Crime and Law Enforcement Bank accounts, deposits, capital Criminal investigation, prosecution, interrogation

A bill to provide for a good faith exemption from suspicious activity reporting requirements, and for other purposes.

Introduced: May 25, 2011 Introduced by: Paul, Rand Republican · Kentucky See on congress.gov
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This bill died when the 112th Congress ended
It never became law before the 112th Congress (2011–2012) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 25, 2011
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
May 25, 2011
Introduced in Senate
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 Plain-English summary Congressional Research Service

Declares that failure by a financial institution or any of its directors, officers, employees, or agents to report a suspicious transaction is not a violation of specified monetary transaction reporting requirements if the institution or person has: (1) in effect an established decision-making process with respect to suspicious transactions, (2) made a good faith effort to follow existing policies, procedures, and processes with respect to such transactions; and (3) determined not to file a report with respect to a particular transaction.

Deems failure to submit a suspicious transaction report to be a violation of such reporting requirements if it is accompanied by evidence of bad faith on the part of either the financial institution or other person.

What's happening now May 25, 2011

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

 Related & companion bills 1
  • S 1071 Related bill A bill to limit suspicious activity reporting requirements to requests from law enforcement agencies, and for other pur…
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). S. 1072: A bill to provide for a good faith exemption from suspicious activity reporting requirements, and for other purposes.. 112th Congress. Open America. https://openamerica.io/bill/112-S-1072/
MLA
"S. 1072: A bill to provide for a good faith exemption from suspicious activity reporting requirements, and for other purposes.." 112th Congress, 2026, Open America, https://openamerica.io/bill/112-S-1072/.
Bluebook (legal)
S. 1072, 112th Cong. (2026), https://openamerica.io/bill/112-S-1072/.
Markdown link
[S. 1072: A bill to provide for a good faith exemption from suspicious activity reporting requirements, and for other purposes.](https://openamerica.io/bill/112-S-1072/)
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