Prohibiting IRS Financial Surveillance Act

Senate Bill 3056 - Prohibiting IRS Financial Surveillance Act: Overview, Status, and Impact

Hozzl · 2022-12-30T07:48:46Z

Explore the details of Senate Bill 3056 Prohibiting IRS Financial Surveillance Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Finance and Financial Sector. Stay informed on legislative developments.

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.

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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