To provide a safe harbor for financial institutions that maintain a customer account at the request of a Federal or State law enforcement agency.
Committees
Senate Banking, Housing, and Urban Affairs Committee
Bill Summary
Cooperate with Law Enforcement Agencies and Watch Act of 2018 (Sec. 2) This bill limits a financial institution's liability for maintaining a customer account in compliance with a written request by a federal, state, tribal, or local law enforcement agency. A federal or state agency may not take an adverse supervisory action against a financial institution with respect to maintaining an account consistent with such a request.
To provide a safe harbor for financial institutions that maintain a customer account at the request of a Federal or State law enforcement agency.
Cooperate with Law Enforcement Agencies and Watch Act of 2018 (Sec. 2) This bill limits a financial institution's liability for maintaining a customer account in compliance with a written request by a federal, state, tribal, or local law enforcement agency. A federal or state agency may not take an adverse supervisory action against a financial institution with respect to maintaining an account consistent with such a request.