Prohibiting IRS Financial Surveillance Act

12/15/2023, 8:26 PM

Prohibiting IRS Financial Surveillance Act

This bill prohibits the Department of the Treasury from requiring a financial institution to report on an account's balance, transactions, transfers, or similar information. This prohibition does not apply to laws or regulations in effect on the date of enactment.

Congress
118
Number
S - 453
Introduced on
2023-02-15
# Amendments
0
Sponsors
+5
Cosponsors
+5

Variations and Revisions

2/15/2023
Text
PDF
XML

Status of Legislation

Bill Introduced
Introduced to House
House to Vote
Introduced to Senate
Senate to Vote

Purpose and Summary

Prohibiting IRS Financial Surveillance Act

This bill prohibits the Department of the Treasury from requiring a financial institution to report on an account's balance, transactions, transfers, or similar information. This prohibition does not apply to laws or regulations in effect on the date of enactment.

Alternative Names
Official Title as IntroducedA bill to prohibit the implementation of new requirements to report bank account deposits and withdrawals.
Policy Areas
Finance and Financial Sector

Comments

Related

Bill Update Alert:  Prohibiting IRS Financial Surveillance Act

Recent Activity

Latest Summary5/23/2023

Prohibiting IRS Financial Surveillance Act

This bill prohibits the Department of the Treasury from requiring a financial institution to report on an account's balance, transactions, transfers, or similar information. This...

Latest Action2/15/2023
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.