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United States · Bill · HR

H.R. 5523 (114th)

Clyde-Hirsch-Sowers RESPECT Act

openUnited States· United States Congress· EN

Introduced

16 June 2016

Last action

26 September 2016 · Introduced

Status

Received in the Senate.

Sponsors

Peter Roskam, JOSEPH CROWLEY, Patrick Meehan, George Holding, Rep. Smith, Jason [R-MO-8], Tom Reed, Tom Rice, Kenny Marchant, Sen. Van Hollen, Chris [D-MD], James Renacci, Rep. Davis, Danny K. [D-IL-7], Doug Collins, Rep. Harris, Andy [R-MD-1]

Subjects

Taxation

Source updated

6 December 2025

Taxation

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Summary

Clyde-Hirsch-Sowers RESPECT Act or the Restraining Excessive Seizure of Property through the Exploitation of Civil Asset Forfeiture Tools Act This bill revises the authority and procedures that the Internal Revenue Service (IRS) uses to seize property that has been structured to avoid Bank Secrecy Act (BSA) reporting requirements. The IRS may only seize property it suspects has been structured to avoid BSA reporting requirements if the property was derived from an illegal source or the funds were structured for the purpose of concealing the violation of a criminal law or regulation other than structuring transactions to evade BSA reporting requirements. Within 30 days of seizing property, the IRS must: (1) make a good faith effort to find all owners of the property, and (2) notify the owners of the post-seizure hearing rights established by this bill. The IRS may apply to a court for one 30-day extension of the notice requirement if it can establish probable cause of an imminent threat to national security or personal safety. If the owner of the property requests a court hearing within 30 days after the date on which notice is provided, the property must be returned unless the court holds a hearing within 30 days after notice is provided and finds that there is probable cause to believe that the property was derived from an illegal source or the funds were structured to conceal the violation of a criminal law or regulation other than a structuring violation. The bill amends the Internal Revenue Code to exclude from gross income any interest received with respect to an action to recover property seized by the IRS pursuant to a claimed violation of the structuring provisions of the BSA.

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

Timeline

  1. 16 June 2016

    Introduced

    Referred to the Committee on Ways and Means, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

    Source: IntroReferral

  2. 16 June 2016

    Introduced

    Referred to the Committee on Ways and Means, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

    Source: IntroReferral

  3. 16 June 2016

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 16 June 2016

    Introduced

    Introduced in House

    Source: IntroReferral

  5. 7 July 2016

    Reported

    Ordered to be Reported (Amended) by Voice Vote.

    Source: Committee

  6. 7 July 2016

    Committee

    Committee Consideration and Mark-up Session Held.

    Source: Committee

  7. 9 September 2016

    Discharge

    Committee on Financial Services discharged.

    Source: Discharge

  8. 9 September 2016

    Committee

    Committee on Financial Services discharged.

    Source: Committee

  9. 9 September 2016

    Reported

    Reported (Amended) by the Committee on Ways and Means. H. Rept. 114-730, Part I.

    Source: Committee

  10. 9 September 2016

    Reported

    Reported (Amended) by the Committee on Ways and Means. H. Rept. 114-730, Part I.

    Source: Committee

  11. 9 September 2016

    Calendars

    Placed on the Union Calendar, Calendar No. 566.

    Source: Calendars

  12. 20 September 2016

    Vote

    At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.

    Source: Floor

  13. 20 September 2016

    Floor

    DEBATE - The House proceeded with forty minutes of debate on H.R. 5523.

    Source: Floor

  14. 20 September 2016

    Floor

    Considered under suspension of the rules. (consideration: CR H5690-5693)

    Source: Floor

  15. 20 September 2016

    Floor

    Mr. Roskam moved to suspend the rules and pass the bill, as amended.

    Source: Floor

  16. 22 September 2016

    Passed

    Motion to reconsider laid on the table Agreed to without objection.

    Source: Floor

  17. 22 September 2016

    Vote

    On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 415 - 0 (Roll no. 548). (text: CR 09/20/2016 H5691)

    Source: Floor

  18. 22 September 2016

    Vote

    Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 415 - 0 (Roll no. 548).(text: CR 09/20/2016 H5691)

    Source: Floor

  19. 22 September 2016

    Floor

    Considered as unfinished business. (consideration: CR H5837-5838)

    Source: Floor

  20. 26 September 2016

    Introduced

    Received in the Senate.

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

11 official files

Received in Senate (text)

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Sponsors

Related records

Sources

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