H.R.4941 - Anti-Cash Smuggling Act of 2010111th Congress (2009-2010)
|Sponsor:||Rep. Kirkpatrick, Ann [D-AZ-1] (Introduced 03/25/2010)|
|Committees:||House - Financial Services|
|Latest Action:||House - 03/25/2010 Referred to the House Committee on Financial Services. (All Actions)|
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Summary: H.R.4941 — 111th Congress (2009-2010)All Information (Except Text)
Introduced in House (03/25/2010)
Anti-Cash Smuggling Act of 2010 - Directs the Secretary of the Treasury to require reports concerning means of access to funds or the value of funds belonging or credited to a person, including electronic means and prepaid or stored cards (but not debit or credit cards).
Requires such reports to be filed when a person: (1) transports, is about to transport, or has transported a means of access to funds or the value of funds from a place in the United States to or through a place outside the United States, or to a place in the United States from or through a place outside the United States; or (2) receives a means of access to funds or the value of funds transported into the United States from or through a place outside the United States.
Authorizes either the Secretary of the Treasury or the Secretary of Homeland Security (DHS) to apply to a court for a search warrant upon a reasonable belief that: (1) a monetary instrument or a tangible mechanism that constitutes a means of access to funds or the value of funds is being transported; and (2) a required report has not been filed or contains a material omission or misstatement.
Authorizes a customs officer to stop and search, at the border and without a search warrant, any vehicle, vessel, aircraft, or other conveyance, any envelope or other container, and any person entering or departing from the United States.
Subjects violations of this Act to criminal and civil forfeiture.
Revises penalties and procedures regarding smuggling of cash, monetary instruments, and means of access to funds or the value of funds into or out of the United States.