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United States · Bill · HR

H.R. 5341 (109th)

Seasoned Customer CTR Exemption Act of 2006

referredUnited States· United States Congress· EN

Introduced

10 May 2006

Last action

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Status

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

Sponsors

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Subjects

Discovery layer

Source updated

7 April 2025

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Summary

Seasoned Customer CTR Exemption Act of 2006 - Amends federal money and finance law to instruct the Secretary of the Treasury to prescribe regulations that exempt a depository institution from filing a currency transaction report (CTR) if the transaction is with a qualified customer. Defines qualified customer as any person that: (1) is incorporated or organized under federal or state law, including a sole proprietorship, or is registered as and eligible to do business within the United States or a state; (2) has maintained a deposit account with the depository institution for at least 12 months; and (3) has engaged, using such account, in multiple currency transactions subject to federal CTR requirements.

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Documents

11 official files

Referred in Senate (text)

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