US Congress House Bill 1984 (Prior Session Legislation)

---

Spectrum: Strong Partisan Bill (Democrat 11-1)
Status: Introduced on May 25 2011 - 25% progression, died in committee
Action: 2011-07-29 - Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Pending: House Subcommittee on Financial Institutions and Consumer Credit Committee
Text: Latest bill text (Introduced) [PDF]

Small Business Banking Improvement Act of 2011 - Prohibits the Secretary of the Treasury from requiring any financial institution or any of its directors, officers, employees, or agents to report any suspicious transaction relevant to a possible violation of law or regulation if a person involved in such transaction is a legitimate business. Deems a person a legitimate business if the governor of each state in which such person does business has certified to the Secretary that: (1) the person is a business engaged in activities currently legal under state law, and (2) the state has an interest in exempting such person from mandatory reporting of suspicious transactions. Requires the Secretary to maintain a public website with a list of all persons deemed to be a legitimate business for purposes of this Act.

Small Business Banking Improvement Act of 2011

Rep. Jared Polis [D-CO]	Rep. Earl Blumenauer [D-OR]	Rep. Diana DeGette [D-CO]	Rep. Barney Frank [D-MA]
Rep. Raul Grijalva [D-AZ]	Rep. Barbara Lee [D-CA]	Rep. Zoe Lofgren [D-CA]	Rep. James Moran [D-VA]
Rep. John Olver [D-MA]	Rep. Ron Paul [R-TX]	Rep. Ed Perlmutter [D-CO]	Rep. Fortney Stark [D-CA]

Date	Chamber	Action
2011-07-29	House	Referred to the Subcommittee on Financial Institutions and Consumer Credit.
2011-05-25	House	Referred to the House Committee on Financial Services.

Type	Source
Summary	https://www.congress.gov/bill/112th-congress/house-bill/1984/all-info
Text	https://www.congress.gov/112/bills/hr1984/BILLS-112hr1984ih.pdf