The Briefing Room

General Category => Politics/Government => Topic started by: ABX on June 16, 2017, 09:47:41 pm

Title: Congress submits bill making it illegal to hold cash, Bitcoin, or other assets outside of a bank without informing them in writing
Post by: ABX on June 16, 2017, 09:47:41 pm
It also greatly expands Civil Asset Forfeiture.

Quote
......This one is almost too ridiculous to believe.

Recently a new bill was introduced on the floor of the US Senate entitled, pleasantly,

“Combating Money Laundering, Terrorist Financing, and Counterfeiting Act of 2017.”

You can probably already guess its contents.

Cash is evil.

Bitcoin is evil.

Now they’ve gone so far to include prepaid mobile phones, retail gift vouchers, or even electronic coupons. Evil, evil, and evil.....

....This new bill adds a laundry list of offenses for which they can legally seize your assets… all of which pertain to money laundering and other financial crimes.

Here’s the thing, though: they’ve also vastly expanded on the definition of such ‘financial crimes’, including failure to fill out a form if you happen to be transporting more than $10,000 worth of ‘monetary instruments’.

Have too much cash? You’d better tell the government.

If not, they’re authorizing themselves in this bill to seize not just the money you didn’t report, but ALL of your assets and bank accounts.....

http://www.theeventchronicle.com/finanace/congress-submits-bill-making-illegal-hold-cash-bitcoin-assets-outside-bank-without-informing-writing/#




Here is the actual bill; hyperbole in the article aside, it is still pretty bad.
https://www.congress.gov/bill/115th-congress/senate-bill/1241/text#toc-idea0e9489fc8f46379f95bb56c8bbbda5

(http://cdn1.theeventchronicle.com/wp-content/uploads/2017/03/money-mattress.jpg)
Title: Re: Congress submits bill making it illegal to hold cash, Bitcoin, or other assets outside of a bank without informing them in writing
Post by: ABX on June 16, 2017, 09:50:05 pm
Sponsor:    Sen. Grassley, Chuck [R-IA] (Introduced 05/25/2017)
Title: Re: Congress submits bill making it illegal to hold cash, Bitcoin, or other assets outside of a bank without informing them in writing
Post by: libertybele on June 17, 2017, 01:23:48 am
So far there are 3 co-sponsors:

Sen. Feinstein, Dianne [D-CA]  05/25/2017
Sen. Cornyn, John [R-TX]     05/25/2017
Sen. Whitehouse, Sheldon [D-RI]   05/25/2017
Title: Re: Congress submits bill making it illegal to hold cash, Bitcoin, or other assets outside of a bank without informing them in writing
Post by: DiogenesLamp on June 17, 2017, 01:28:40 am
So far there are 3 co-sponsors:

Sen. Feinstein, Dianne [D-CA]  05/25/2017
Sen. Cornyn, John [R-TX]     05/25/2017
Sen. Whitehouse, Sheldon [D-RI]   05/25/2017


Cornyn needs to go,   but Mitch McConnell and Thad Cochran needed to go more. 


Also John McCain and Linda Graham need to go. 


Title: Re: Congress submits bill making it illegal to hold cash, Bitcoin, or other assets outside of a bank without informing them in writing
Post by: endicom on June 17, 2017, 01:47:10 am
Assley and Cornhole are for it?
Title: Re: Congress submits bill making it illegal to hold cash, Bitcoin, or other assets outside of a bank without informing them in writing
Post by: DB on June 17, 2017, 01:49:36 am
Sorry guys, but Sessions is a big proponent of civil forfeiture. All without due process. You have to prove your innocence - if you can - to get your money back. VERY VERY WRONG.

It is why I didn't support Sessions for AG.
Title: Re: Congress submits bill making it illegal to hold cash, Bitcoin, or other assets outside of a bank without informing them in writing
Post by: Idiot on June 17, 2017, 02:28:39 am
So far there are 3 co-sponsors:

Sen. Feinstein, Dianne [D-CA]  05/25/2017
Sen. Cornyn, John [R-TX]     05/25/2017
Sen. Whitehouse, Sheldon [D-RI]   05/25/2017

Cornyn has been a HUGE disappointment.  Guess I'm going to have to get out and work to get him ousted.
Title: Re: Congress submits bill making it illegal to hold cash, Bitcoin, or other assets outside of a bank without informing them in writing
Post by: Ancient on June 17, 2017, 03:29:45 am
Cornyn has been a HUGE disappointment.  Guess I'm going to have to get out and work to get him ousted.
cornball was a rino before and still is one now.  But he runs a campaign that would make you  think otherwise.
Title: Re: Congress submits bill making it illegal to hold cash, Bitcoin, or other assets outside of a bank without informing them in writing
Post by: LadyLiberty on June 17, 2017, 03:49:29 am
cornball was a rino before and still is one now.  But he runs a campaign that would make you  think otherwise.

Cornyn hasn't fooled you in the least!  BTW, welcome to TBR.
Title: Re: Congress submits bill making it illegal to hold cash, Bitcoin, or other assets outside of a bank without informing them in writing
Post by: cato potatoe on June 17, 2017, 04:29:20 am
Hopefully Rand Paul will lead a filibuster.  Between this and the ruling in Minnesota, it has been a banner day for the police state.
Title: Re: Congress submits bill making it illegal to hold cash, Bitcoin, or other assets outside of a bank without informing them in writing
Post by: RoosGirl on June 17, 2017, 05:07:06 am
Well thank God the Republicans have the majority.  *****rollingeyes*****

I hadn't cashed a check in a long time and found out a couple weeks ago that it is now standard policy at banks to charge a percentage of the check amount to cash it.  For example, if I wrote you a check from an account held at Nations Bank and you went to a Nations Bank to get cash you would be charged 3% of the check amount to receive the cash.  So the bank policies are pushing us in the direction of this bill also.
Title: Re: Congress submits bill making it illegal to hold cash, Bitcoin, or other assets outside of a bank without informing them in writing
Post by: Formerly Once-Ler on June 17, 2017, 05:12:59 am

Cornyn needs to go,   but Mitch McConnell and Thad Cochran needed to go more. 


Also John McCain and Linda Graham need to go.

Yes!!!  Republicans need to go.  Pick a few more to go after. 888high58888
www.youtube.com/watch?v=QZCzHYMEIeo
Title: Re: Congress submits bill making it illegal to hold cash, Bitcoin, or other assets outside of a bank without informing them in writing
Post by: Chosen Daughter on June 17, 2017, 05:25:02 am
Well thank God the Republicans have the majority.  *****rollingeyes*****

I hadn't cashed a check in a long time and found out a couple weeks ago that it is now standard policy at banks to charge a percentage of the check amount to cash it.  For example, if I wrote you a check from an account held at Nations Bank and you went to a Nations Bank to get cash you would be charged 3% of the check amount to receive the cash.  So the bank policies are pushing us in the direction of this bill also.

That's crazy.
Title: Re: Congress submits bill making it illegal to hold cash, Bitcoin, or other assets outside of a bank without informing them in writing
Post by: Chosen Daughter on June 17, 2017, 05:28:35 am
https://endtimestruth.com/mark-of-the-beast/cashless-society/

Cashless society.