Anti-Cash Smuggling Act of 2011

Summary

Anti-Cash Smuggling Act of 2011 - Directs the Secretary of the Treasury to require reports concerning means of access to funds or the value of funds belonging or credited to a person (or agent or bailee), including prepaid or stored value cards (but not debit or credit cards), that can be used electronically to: (1) initiate a transfer of funds, (2) obtain currency in place of funds or the value of funds, or (3) purchase goods or services. Requires such reports to be filed only when a person knowingly: (1) transports, is about to transport, or has transported a means of access to funds or the value of funds of more than $10,000 at one time from a place in the United States to or through a place outside the United States, or to a place in the United States from or through a place outside the United States; or (2) receives a means of access to funds or the value of funds transported into the United States from or through a place outside the United States of more than $10,000 at one time. Authorizes the Secretary of the Treasury to apply to a court for a search warrant upon a reasonable belief that: (1) a monetary instrument or a tangible mechanism that constitutes a means of access to funds or the value of funds is being transported; and (2) a required report has not been filed or contains a material omission or misstatement. Revises penalties and procedures regarding smuggling of cash, monetary instruments, and means of access to funds or the value of funds into or out of the United States.

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

Timeline

1. 26 July 2011

   Introduced

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

   Source: IntroReferral

2. 26 July 2011

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 26 July 2011 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 26 July 2011

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 26 July 2011

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 26 July 2011

  Open at official source

Sponsors

• Amy Klobuchar · D · Sponsor
• Sen. Udall, Tom [D-NM] · D · Sponsor
• Jeanne Shaheen · D · Sponsor
• · ssbk00 · Standing

Related records

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