The House unanimously approved a bill late Tuesday to discourage the Internal Revenue Service from using civil asset forfeitures to seize money and property from taxpayers.
The bill, known as the Clyde-Hirsch-Sowers Restraining Excessive Seizure of Property through the Exploitation of Civil Asset Forfeiture Tools (RESPECT) Act, would revise the authority and procedures the IRS uses to seize property that has been structured to avoid Bank Secrecy Act reporting requirements. Under the bill, the IRS could only seize property it suspects has been structured to avoid BSA reporting requirements if the property comes from an illegal source, or if 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.
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