Taxpayer Protections Against Abusive Seizures Act

Bill: 113-hr-5833
Sponsor: full_name: Rep. Camp, Dave [R-MI-4]
Introduced: 2014-12-10
Policy area: Finance and Financial Sector
Subjects: Criminal procedure and sentencing

Currency

Fraud offenses and financial crimes

Judicial procedure and administration

Property rights
Latest action: action_date: 2014-12-10
text: Referred to the House Committee on Financial Services.

Summaries:
action_date: 2014-12-10
action_desc: Introduced in House
text: <p> Taxpayer Protections Against Abusive Seizures Act - Requires notice of a right to request a court hearing to each person whose property is seized or restrained because of an alleged violation of the prohibition against structuring transactions to evade reporting requirements. </p> <p>Requires the seized or restrained property to be returned, if the person requests a court hearing within 14 days after receiving such notice, unless within 14 days of that request the court holds an adversarial hearing and finds probable cause to believe that such a violation exists.</p>

tv_txt: I 113th CONGRESS 2d Session H. R. 5833 IN THE HOUSE OF REPRESENTATIVES December 10, 2014 Mr. Camp (for himself and Mr. Levin ) introduced the following bill; which was referred to the Committee on Financial Services A BILL To require upon request a probable cause hearing in connection with property seizures relating to certain monetary instruments transactions.

1. Short title This Act may be cited as the Taxpayer Protections Against Abusive Seizures Act . 2. Probable cause hearing in connection with property seizures relating to certain monetary instruments transactions (a) In general If a hearing by a court of competent jurisdiction is requested within 14 days after the date on which notice is provided under subsection (b), property seized or restrained pursuant to section 5317(c)(2) of title 31, United States Code, with respect to an alleged violation of section 5324 of title 31 of such Code, shall be returned unless the court holds an adversarial hearing and finds within 14 days of such request that there is probable cause to believe that there is a violation of such section 5324 involving such property. (b) Notice Notice shall be provided to each person from whom property is seized or restrained pursuant to section 5317(c)(2) of title 31, United States Code, of the rights of such person under subsection (a). (c) Effective date Subsections (a) and (b) shall apply with respect to property seized or restrained after the date of the enactment of this Act.