Drug Cash Information Act of 1991

Summary

Drug Cash Information Act of 1991 - Directs the Secretary of the Treasury to collect and maintain information on: (1) the total dollar amount of Federal Reserve notes and any other currency confiscated in connection with enforcement actions concerning controlled substances or drug-related money laundering; and (2) the total dollar amount of each denomination of such notes and currency. Requires the Secretary to: (1) develop and report to the Congress on a plan for obtaining such information with respect to State and local law enforcement actions; and (2) implement any part of the plan that can be carried out without further legislative action. Directs the Secretary to report to the Congress on information that would be needed to determine: (1) the extent to which Federal Reserve notes in denominations of $50 and $100 are being used for illegal, drug-related transactions; and (2) the feasibility of withdrawing legal tender status of such notes or replacing such notes with new notes of a different design and the deterrent effect such withdrawal or replacement would have on such transactions. Requires the Secretary to collect and maintain such information. Sets forth biannual reporting requirements with respect to the information collected under this Act.

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2 official files

• Introduced in House (text)

  Introduced in House · EN

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 13 May 1991

  Open at official source

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