Sec. 20415. REPORTING OF CASH RECEIVED BY CRIMINAL COURT CLERKS
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## SEC. 20415 REPORTING OF CASH RECEIVED BY CRIMINAL COURT CLERKS ###
(a)In General Section 6050I of the Internal Revenue Code of 1986 (relating to returns relating to cash received in trade or business) is amended by adding at the end the following new subsection: > > ### “(g) Cash Received by Criminal Court Clerks > > > #### “(1) In general > > Every clerk of a Federal or State criminal court who receives more than $10,000 in cash as bail for any individual charged with a specified criminal offense shall make a return described in paragraph
(2)(at such time as the Secretary may by regulations prescribe) with respect to the receipt of such bail. > > > #### “(2) Return > > A return is described in this paragraph if such return— > > > ##### “(A) > > is in such form as the Secretary may prescribe, and > > > ##### “(B) > > contains— > > > ###### “(i) > > the name, address, and TIN of— > > > ###### “(I) > > the individual charged with the specified criminal offense, and > > > ###### “(II) > > each person posting the bail (other than a person licensed as a bail bondsman), > > > ###### “(ii) > > the amount of cash received, > > > ###### “(iii) > > the date the cash was received, and > > > ###### “(iv) > > such other information as the Secretary may prescribe. > > > #### “(3) Specified criminal offense > > For purposes of this subsection, the term ‘**specified criminal offense**’ means— > > > ##### “(A) > > any Federal criminal offense involving a controlled substance, > > > ##### “(B) > > racketeering (as defined in section 1951, 1952, or 1955 of title 18, United States Code), > > > ##### “(C) > > money laundering (as defined in section 1956 or 1957 of such title), and > > > ##### “(D) > > any State criminal offense substantially similar to an offense described in subparagraph (A), (B), or (C). > > > #### “(4) Information to federal prosecutors > > Each clerk required to include on a return under paragraph
(1)the information described in paragraph (2)(B) with respect to an individual described in paragraph (2)(B)(i)(I) shall furnish (at such time as the Secretary may by regulations prescribe) a written statement showing such information to the United States Attorney for the jurisdiction in which such individual resides and the jurisdiction in which the specified criminal offense occurred. > > > #### “(5) Information to payors of bail > > Each clerk required to make a return under paragraph
(1)shall furnish (at such time as the Secretary may by regulations prescribe) to each person whose name is required to be set forth in such return by reason of paragraph (2)(B)(i)(II) a written statement showing— > > > ##### “(A) > > the name and address of the clerk's office required to make the return, and > > > ##### “(B) > > the aggregate amount of cash described in paragraph
(1)received by such clerk.” > . ###
(b)Conforming Amendments ####
(1)Clause
(iv)of section 6724(d)(1)(B) of the Internal Revenue Code of 1986 is amended to read as follows: > > ###### “(iv) > > section 6050I
(a)or (g)(1) (relating to cash received in trade or business, etc.),” > . ####
(2)Subparagraph
(K)of section 6724(d)(2) of the Internal Revenue Code of 1986 is amended to read as follows: > > ##### “(K) > > section 6050I(e) or paragraph
(4)or
(5)of section 6050I(g) (relating to cash received in trade or business, etc.),” > . ####
(3)The heading for section 6050I of the Internal Revenue Code of 1986 is amended by striking “BUSINESS” and inserting “BUSINESS, ETC.”. ####
(4)The table of sections for subpart B of part III of subchapter A of chapter A of chapter 61 of the Internal Revenue Code of 1986 is amended by striking “business” and inserting “business, etc.” in the item relating to section 6050I. ###
(c)Regulations **[**[26 U.S.C. 6050l note](/us/usc/t26/s6050l)**]** The Secretary of the Treasury or the Secretary's delegate shall prescribe temporary regulations under the amendments made by this section within 90 days after the date of enactment of this Act. ###
(d)Effective Date **[**[26 U.S.C. 6050l note](/us/usc/t26/s6050l)**]** The amendments made by this section shall take effect on the 60th day after the date on which the temporary regulations are prescribed under subsection (c).
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Sec. 20415
REPORTING OF CASH RECEIVED BY CRIMINAL COURT CLERKS
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