To codify Executive Order 14249 (relating to protecting America's bank account against fraud, waste, and abuse).

4/3/2025, 1:59 PM

Summary of Bill HR 2597

Bill 119 HR 2597, also known as the Protecting America's Bank Account Act, aims to codify Executive Order 14249, which was issued to safeguard against fraud, waste, and abuse in the financial sector. The bill seeks to strengthen protections for American consumers and businesses by implementing measures to prevent unauthorized access to bank accounts and financial information.

Specifically, the legislation includes provisions to enhance cybersecurity measures, improve oversight of financial institutions, and increase penalties for those found guilty of committing financial crimes. Additionally, the bill aims to promote transparency and accountability within the banking industry to ensure that funds are being used responsibly and ethically.

Overall, Bill 119 HR 2597 is designed to protect the financial interests of Americans and strengthen the integrity of the banking system. By codifying Executive Order 14249, this legislation aims to prevent fraud, waste, and abuse in the financial sector, ultimately benefiting consumers and businesses across the country.

Current Status of Bill HR 2597

Bill HR 2597 is currently in the status of Bill Introduced since April 2, 2025. Bill HR 2597 was introduced during Congress 119 and was introduced to the House on April 2, 2025.  Bill HR 2597's most recent activity was Referred to the House Committee on Oversight and Government Reform. as of April 2, 2025

Bipartisan Support of Bill HR 2597

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
0
Democrat Cosponsors
0
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 2597

Primary Policy Focus


Alternate Title(s) of Bill HR 2597

To codify Executive Order 14249 (relating to protecting America's bank account against fraud, waste, and abuse).To codify Executive Order 14249 (relating to protecting America's bank account against fraud, waste, and abuse).
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