Polling is a powerful tool to help our elected officials determine how they should vote.
Standard polling methods don't give you the control that you deserve. With BetterDistricts you can show your representative exactly how strongly a bill is supported in your community.
Send a clear signal on how you want your government to work.
Cooperate with Law Enforcement Agencies and Watch Act of 2018
This bill limits a financial institution's liability for maintaining a customer account in compliance with a written request by a federal or state law enforcement agency. A federal or state agency may not take an adverse supervisory action against a financial institution with respect to maintaining an account consistent with such a request.
Received; read twice and referred to the Committee on Banking, Housing, and Urban Affairs
To provide a safe harbor for financial institutions that maintain a customer account at the request of a Federal or State law enforcement agency.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
This Act may be cited as the “Cooperate with Law Enforcement Agencies and Watch Act of 2018”.
(a) In general.—Subchapter II of chapter 53 of title 31, United States Code, is amended by adding at the end the following:
“(a) In general.—With respect to a customer account of a financial institution, if a Federal, State, Tribal, or local law enforcement agency requests, in writing, the financial institution to keep such account open—
“(1) the financial institution shall not be liable under this subchapter for maintaining such account consistent with the parameters of the request; and
“(2) no Federal or State department or agency may take any adverse supervisory action under this subchapter with respect to the financial institution for maintaining such account consistent with the parameters of the request.
“(1) from preventing a Federal or State department or agency from verifying the validity of a written request described under subsection (a) with the Federal, State, Tribal, or local law enforcement agency making the written request; or
“(2) to relieve a financial institution from complying with any reporting requirements, including the reporting of suspicious transactions under section 5318(g).
“(c) Letter termination date.—For purposes of this section, any written request described under subsection (a) shall include a termination date after which such request shall no longer apply.”.
Passed the House of Representatives June 25, 2018.
|Attest:||karen l. haas,|