US Congress House Bill 5523 (Prior Session Legislation)

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Spectrum: Moderate Partisan Bill (Republican 10-3)
Status: Engrossed on September 26 2016 - 50% progression, died in chamber
Action: 2016-09-26 - Received in the Senate.
Text: Latest bill text (Engrossed) [PDF]

Clyde-Hirsch-Sowers RESPECT Act Restraining Excessive Seizure of Property through the Exploitation of Civil Asset Forfeiture Tools Act 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. (Sec. 2) 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 or the funds were structured for the purpose of concealing the violation of a criminal law or regulation other than structuring transactions to evade BSA reporting requirements. Within 30 days of seizing property, the IRS must: (1) make a good faith effort to find all owners of the property, and (2) notify the owners of the post-seizure hearing rights established by this bill. The IRS may apply to a court for one 30-day extension of the notice requirement if it can establish probable cause of an imminent threat to national security or personal safety. If the owner of the property requests a court hearing within 30 days after the date on which notice is provided, the property must be returned unless the court holds a hearing within 30 days after notice is provided and finds that there is probable cause to believe that the property was derived from an illegal source or the funds were structured to conceal the violation of a criminal law or regulation other than a structuring violation. (Sec. 3) The bill amends the Internal Revenue Code to exclude from gross income any interest received from the federal government in connection with an action to recover property seized by the IRS pursuant to a claimed violation of the structuring provisions of the BSA.

Clyde-Hirsch-Sowers RESPECT Act Restraining Excessive Seizure of Property through the Exploitation of Civil Asset Forfeiture Tools Act

Rep. Peter Roskam [R-IL]	Rep. Joseph Crowley [D-NY]	Rep. Patrick Meehan [R-PA]	Rep. George Holding [R-NC]
Rep. Jason Smith [R-MO]	Rep. Tom Reed [R-NY]	Rep. Tom Rice [R-SC]	Rep. Kenny Marchant [R-TX]
Sen. Chris Van Hollen [D-MD]	Rep. James Renacci [R-OH]	Rep. Danny Davis [D-IL]	Rep. Doug Collins [R-GA]
Rep. Andy Harris [R-MD]

2016-09-22 - House - On Motion to Suspend the Rules and Pass, as Amended (Y: 415 N: 0 NV: 16 Abs: 0) [PASS]
2016-09-22 - House - On Motion to Suspend the Rules and Pass, as Amended (Y: 415 N: 0 NV: 16 Abs: 0) [PASS]

Date	Chamber	Action
2016-09-26	Senate	Received in the Senate.
2016-09-22	House	Motion to reconsider laid on the table Agreed to without objection.
2016-09-22	House	On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 415 - 0 (Roll no. 548). (text: CR 09/20/2016 H5691)
2016-09-22	House	Considered as unfinished business. (consideration: CR H5837-5838)
2016-09-20	House	At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
2016-09-20	House	DEBATE - The House proceeded with forty minutes of debate on H.R. 5523.
2016-09-20	House	Considered under suspension of the rules. (consideration: CR H5690-5693)
2016-09-20	House	Mr. Roskam moved to suspend the rules and pass the bill, as amended.
2016-09-09	House	Placed on the Union Calendar, Calendar No. 566.
2016-09-09	House	Committee on Financial Services discharged.
2016-09-09	House	Reported (Amended) by the Committee on Ways and Means. H. Rept. 114-730, Part I.
2016-07-07	House	Ordered to be Reported (Amended) by Voice Vote.
2016-07-07	House	Committee Consideration and Mark-up Session Held.
2016-06-16	House	Referred to House Financial Services
2016-06-16	House	Referred to House Ways and Means
2016-06-16	House	Referred to the Committee on Ways and Means, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
2016-06-16	House	Introduced in House

Type	Source
Summary	https://www.congress.gov/bill/114th-congress/house-bill/5523/all-info
Text	https://www.congress.gov/114/bills/hr5523/BILLS-114hr5523ih.pdf
Text	https://www.congress.gov/114/bills/hr5523/BILLS-114hr5523rh.pdf
Text	https://www.congress.gov/114/bills/hr5523/BILLS-114hr5523eh.pdf
Roll Call	https://clerk.house.gov/Votes/2016548