Rep. Hill Introduces Bill to Strengthen Partnership Between Financial Institutions and Law Enforcement

Statement

"More than ever, financial institutions have the potential to play a pivotal role in helping law enforcement bring criminals to justice. However, due to outdated regulations, banks that cooperate with law enforcement agencies risk being penalized by regulators while assisting with an ongoing criminal investigation.

"As a former community banker, I have dealt with this conflict of wanting to help law enforcement agencies when receiving a "Keep Open Letter,' while not being able to because of the need to comply with the requirements set forth by a regulator. H.R. 758 is a commonsense solution that allows financial institutions and law enforcement to better cooperate in order to prosecute bad actors wanting to use the American financial system for their criminal acts."

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