SNOOP Act of 2023

Stop the Nosy Obsession with Online Payments Act of 2023 or the SNOOP Act of 2023

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.

The SNOOP Act of 2023, also known as Bill 118 s 26, is a piece of legislation currently being considered by 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 2023 aims to increase transparency and accountability in government surveillance activities by requiring federal agencies to report on the number of surveillance requests they receive, the number of individuals targeted by these requests, and the types of information collected. This information would be made available to the public in an annual report, allowing for greater oversight and scrutiny of government surveillance practices.

Additionally, the bill includes provisions to strengthen privacy protections for individuals by requiring federal agencies to obtain a warrant before conducting surveillance on US citizens. This would help to ensure that government surveillance activities are conducted in a manner that respects the rights of individuals and complies with the Fourth Amendment of the US Constitution. Overall, the SNOOP Act of 2023 represents an important step towards safeguarding individual privacy rights and increasing transparency in government surveillance activities. If passed, this legislation would help to ensure that government surveillance is conducted in a responsible and accountable manner.