S 1077
112th Congress
Senate
Crime and Law Enforcement
Bank accounts, deposits, capital
Banking and financial institutions regulation
Criminal investigation, prosecution, interrogation
Judicial review and appeals
Securities
A bill to require judicial review of Suspicious Activity Reports.
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 the Judiciary.
May 25, 2011
Introduced in Senate
Plain-English summary
Prohibits the Secretary of the Treasury from requiring any financial institution or any other entity subject to regulation or oversight by the Secretary or pursuant to federal securities laws specified in the Securities Exchange Act of 1934 to report suspicious transactions relevant to a possible violation of law or regulation, unless the appropriate U.S. district court issues an order finding that a warrant could be issued under the search and seizure provisions of the Federal Rules of Criminal Procedure.
What's happening now
Read twice and referred to the Committee on the Judiciary.
Committees of jurisdiction
1