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H.R. 1843: Restraining Excessive Seizure of Property through the Exploitation of Civil Asset Forfeiture Tools Act

CBO Score

$0

Date of Report

Fri July 21st, 2017

CBO Report Details

Legislation Details

115th Congress

To amend title 31, United States Code, to prohibit the Internal Revenue Service from carrying out seizures relating to a structuring transaction unless the property to be seized derived from an illegal source or the funds were structured for the purpose of concealing the violation of another criminal law or regulation, to require notice and a post-seizure hearing for such seizures, and for other purposes.

Sponsor: Rep. Peter Roskam — R — IL

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 property was derived from an illegal source o...

View the full vote history of this bill on GovTrack.us.

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