SNOOP Act of 2022

Stop the Nosy Obsession with Online Payments Act of 2022 or the SNOOP Act of 2022

This bill modifies requirements for third party settlement organizations to eliminate their reporting requirement with respect to the transactions of their participating payees unless they have earned more than $20,000 on more than 200 separate transactions in an applicable tax period. A third party settlement organization is the central organization that has the contractual obligation to make payments to participating payees (generally, a merchant or business) in a third party payment network.

This reverses a provision in the American Rescue Plan Act of 2021 that lowered the reporting threshold to $600 with no minimum on the number of transactions.

Bill 117 hr 6913, also known as the SNOOP Act of 2022, is a piece of legislation introduced in the US Congress. The main purpose of this bill is to address concerns related to government surveillance and the protection of individual privacy rights.

The SNOOP Act of 2022 aims to increase transparency and accountability in government surveillance programs by requiring the government to disclose more information about its surveillance activities. This includes providing detailed reports on the number of surveillance requests made, the number of individuals targeted, and the types of information collected.

Additionally, the bill seeks to strengthen privacy protections for individuals by requiring the government to obtain a warrant before conducting surveillance on US citizens. This would help ensure that individuals are not subject to unwarranted government intrusion into their private lives. Overall, the SNOOP Act of 2022 is designed to strike a balance between national security interests and individual privacy rights. By increasing transparency and accountability in government surveillance programs, the bill aims to protect the rights of American citizens while also ensuring that the government has the tools it needs to keep the country safe.