A bill to amend title 31, United States Code, to exempt transactions with respect to cash reward payments by crime stopper organizations from certain currency transaction reports.
Latest action (30 Sep 2026): Introduced
What this bill does
S. 5644, introduced by Senator Ashley Moody, is a proposed law that would change existing financial reporting requirements. Specifically, it aims to exempt certain transactions involving cash reward payments made by crime stopper organizations from being subject to the usual currency transaction reports.
This bill would affect how crime stopper organizations, which are typically non-profits that collect and disseminate information to law enforcement, handle and report their financial transactions related to paying out cash rewards. The exact scope and impact on these organizations and the financial institutions they work with will depend on the specific details within the bill's full text, which has not yet been released.
As of its introduction on September 30, 2026, S. 5644 is in the very early stages of the legislative process. It has been introduced in the Senate, and its next steps would involve being considered by Senate committees before it could potentially be voted on by the full Senate. If passed by the Senate, it would then move to the House of Representatives for consideration.
Plain-English summary generated by Bill100 AI from the official record. Always verify against the source below.
Official summary
This bill is in the first stage of the legislative process. It was introduced into Congress on September 30, 2026. It will typically be considered by committee next before it is possibly sent on to the House or Senate as a whole.
Common questions
- What does S. 5644 do?
- S. 5644, introduced by Senator Ashley Moody, is a proposed law that would change existing financial reporting requirements. Specifically, it aims to exempt certain transactions involving cash reward payments made by crime stopper organizations from being subject to the usual currency transaction reports. This bill would affect how crime stopper organizations, which are typically non-profits that collect and disseminate information to law enforcement, handle and report their financial transactions related to paying out cash rewards. The exact scope and impact on these organizations and the financial institutions they work with will depend on the specific details within the bill's full text, which has not yet been released. As of its introduction on September 30, 2026, S. 5644 is in the very early stages of the legislative process. It has been introduced in the Senate, and its next steps would involve being considered by Senate committees before it could potentially be voted on by the full Senate. If passed by the Senate, it would then move to the House of Representatives for consideration.
- Has S. 5644 become law?
- Not yet. As of 30 Sep 2026, S. 5644 is introduced.
- Who sponsored S. 5644?
- S. 5644 was sponsored by Sen. Ashley Moody [R-FL] (Republican-FL), with 0 cosponsors.
- What's the latest action on S. 5644?
- Introduced (30 Sep 2026).
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