Skip to content
PoliticalRepoPoliticalRepo

United States · Bill · HR

H.R. 518 (106th)

Bank Secrecy Sunset Act

referredUnited States· United States Congress· EN

Introduced

3 February 1999

Last action

25 February 1999 · Referred

Status

Referred to the Subcommittee on Financial Institutions and Consumer Credit.

Sponsors

Rep. Paul, Ron [R-TX-14], Sen. Thune, John [R-SD], Rep. Schaffer, Bob [R-CO-4], Rep. Campbell, Tom [R-CA-15], Rep. Dickey, Jay [R-AR-4], Sen. Coburn, Tom [R-OK], Rep. Walsh, James T. [R-NY-25], Rep. Upton, Fred [R-MI-6], Rep. Hall, Ralph M. [R-TX-4], Rep. Sensenbrenner, F. James, Jr. [R-WI-5], Rep. Rivers, Lynn N. [D-MI-13], Rep. Sanford, Mark [R-SC-1], Rep. Packard, Ron [R-CA-48], Rep. Boucher, Rick [D-VA-9], Rep. Hefley, Joel [R-CO-5], Rep. Hyde, Henry J. [R-IL-6], Sen. Wicker, Roger F. [R-MS], Rep. Lewis, Ron [R-KY-2], Rep. Cubin, Barbara [R-WY-At Large], Rep. Peterson, Collin C. [D-MN-7], Rep. Skeen, Joe [R-NM-2], Rep. Rohrabacher, Dana [R-CA-48]

Subjects

Discovery layer

Source updated

20 August 2025

Official sourceDownload fileView documentsShare

Summary

Bank Secrecy Sunset Act - Amends Federal law to repeal after one year provisions governing: (1) mandatory records and reports on monetary instruments transactions; and (2) mandatory financial recordkeeping by financial institutions other than insured banks. Terminates the effectiveness of any regulation prescribed by the Secretary of the Treasury or any provision of Federal law that has the effect of requiring a depository institution or any other private entity to: (1) monitor customer accounts; or (2) obtain information concerning any person in connection with a financial transaction (including the source of funds involved in the transaction).

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 3 February 1999

    Introduced

    Referred to the House Committee on Banking and Financial Services.

    Source: IntroReferral

  2. 3 February 1999

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 3 February 1999

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 25 February 1999

    Referred

    Referred to the Subcommittee on Financial Institutions and Consumer Credit.

    Source: Committee

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in House (text)

View fileDownload file

This file cannot be previewed here. Use View or Download.

Leesvertaling

Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

  • Introduced in House (text)

    Introduced in House · EN · 3 February 1999

    ViewDownloadOpen at official source

  • Introduced in House (PDF)

    Introduced in House · EN · 3 February 1999

    ViewDownloadOpen at official source

    Leesvertaling

    Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

    Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

  • Introduced in House

    summary · EN · 3 February 1999

    Open at official source

    Leesvertaling

    Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

    Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

Related records

No cross-record relationships stored yet.

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.