Anti-Cash Smuggling Act of 2011
Latest action · Jul 26, 2011 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedJul 26, 2011
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
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.
Cosponsors 2
Members who signed on, in the order they did. All signed on Jul 26, 2011.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-NH | Jeanne Shaheen | Original | Jul 26, 2011 |
| D-NM | Tom Udall | Original | Jul 26, 2011 |
Actions 2
Everything that happened, newest first.
- Jul 26, 2011Introduced in Senate
- Jul 26, 2011Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
Text 1
Each version as it was printed, newest first.
- Jul 26, 2011Introduced in Senate
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.