Summary: S.1077 — 112th Congress (2011-2012)All Information (Except Text)

There is one summary for S.1077. Bill summaries are authored by CRS.

Shown Here:
Introduced in Senate (05/25/2011)

Prohibits the Secretary of the Treasury from requiring any financial institution or any other entity subject to regulation or oversight by the Secretary or pursuant to federal securities laws specified in the Securities Exchange Act of 1934 to report suspicious transactions relevant to a possible violation of law or regulation, unless the appropriate U.S. district court issues an order finding that a warrant could be issued under the search and seizure provisions of the Federal Rules of Criminal Procedure.