CONGRESS FOR VOTERS

RepublicanBill · H.R. 6029· House(119-HR-6029)

To amend the Bank Secrecy Act to exempt transactions with respect to cash reward payments by crime stopper organizations from certain currency transaction reports.

Rep. Guest
Age: 56 years
Mississippi
Introduced
11/12/2025
Last activity
11/12/2025 — Referred to the House Committee on Financial Services.
Sponsored by
Michael Guest
Cosponsors
Republican - 2Democrat - 0
Finance and Financial Sector
  1. Introduced
  2. In Committee

What this bill would do

H.R. 6029 aims to change the Bank Secrecy Act. It would stop depository institutions from having to file certain currency transaction reports for specific payments. These exemptions apply to transactions between the institution and nonprofit organizations. Specifically, this covers cash rewards given in exchange for information about a crime.

Yes

  • Does this protect people from being watched or searched?+2

    Provides an exemption from government reporting for specific nonprofit reward payments.

The opposite

  • Does this make what the government does easier for the public to see?-3

    Creates an exemption that reduces the transparency of certain cash transactions reported to the government.

  • Does this give the federal government more power?-2

    Reduces federal reporting requirements for certain financial transactions.