HR 1984

112th CONGRESS
1st Session

H. R. 1984

To amend title 31, United States Code, to allow States to certify a business as legitimate for purposes of a financial institution's suspicious activity reporting requirements, facilitate unambiguous compliance of such businesses with State law, and provide regulatory relief for financial institutions.

IN THE HOUSE OF REPRESENTATIVES

May 25, 2011

Mr. POLIS (for himself, Mr. STARK, Mr. PAUL, and Mr. FRANK of Massachusetts) introduced the following bill; which was referred to the Committee on Financial Services


A BILL

To amend title 31, United States Code, to allow States to certify a business as legitimate for purposes of a financial institution's suspicious activity reporting requirements, facilitate unambiguous compliance of such businesses with State law, and provide regulatory relief for financial institutions.

SECTION 1. SHORT TITLE.

SEC. 2. CERTIFICATION AND EXCEPTION.

END