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Prohibiting IRS Financial Surveillance Act
12/30/2022, 7:48 AM
Congressional Summary of S 3056
Prohibiting IRS Financial Surveillance Act
This bill prohibits the Department of the Treasury from requiring a financial institution to report the balances, transactions, or the transfers into and out of a financial account. This prohibition does not apply to laws or regulations in effect on the date of enactment.
Read the Full Bill
Current Status of Bill S 3056
Bill S 3056 is currently in the status of Bill Introduced since October 21, 2021. Bill S 3056 was introduced during Congress 117 and was introduced to the Senate on October 21, 2021. Bill S 3056's most recent activity was Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of October 21, 2021
Bipartisan Support of Bill S 3056
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
49Democrat Cosponsors
0Republican Cosponsors
49Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill S 3056
Primary Policy Focus
Finance and Financial SectorAlternate Title(s) of Bill S 3056
Prohibiting IRS Financial Surveillance Act
Prohibiting IRS Financial Surveillance Act
A bill to prohibit the implementation of new requirements to report bank account deposits and withdrawals.
Comments
Sponsors and Cosponsors of S 3056
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