About This Bill
- Introduced April 9, 2019
- Latest Major Action April 9, 2019
- See the two similar bills introduced in other congresses.
Clyde-Hirsch-Sowers RESPECT Act or the Restraining Excessive Seizure of Property through the Exploitation of Civil Asset Forfeiture Tools Act This bill revises the authority and procedures that the Internal Revenue Service (IRS) uses to seize property that has been structured to avoid Bank Secrecy Act (BSA) reporting requirements. The IRS may only seize property it suspects has been structured to avoid BSA reporting requirements if the...
(Source: Congressional Research Service)
Read twice and referred to the Committee on Finance.
Introduced in the Senate by Tim Scott (R-S.C.)