Saving Privacy Act

Hozzl · 2025-03-26T14:21:13Z

Explore the details of Senate Bill 809 Saving Privacy 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.

3/26/2025, 2:21 PM

Summary of Bill S 809

Bill 119 s 809, also known as the Right to Financial Privacy Act of 1978, is a proposed amendment to the existing law that aims to protect the confidentiality of certain financial records. The bill seeks to ensure that individuals' financial information remains private and secure, while also allowing for necessary access by law enforcement agencies in cases of suspected criminal activity.

The main purpose of the amendment is to strengthen the protections provided by the original Right to Financial Privacy Act of 1978, which was enacted to safeguard individuals' financial records from unwarranted government intrusion. The proposed changes in Bill 119 s 809 include provisions that would limit the ability of government agencies to access financial information without proper authorization, and would require stricter oversight and accountability in the handling of such records.

In addition to preserving the confidentiality of financial records, the bill also addresses other important issues related to financial privacy. For example, it includes provisions to enhance cybersecurity measures to protect against data breaches and unauthorized access to sensitive information. It also seeks to improve transparency and accountability in the financial industry by requiring financial institutions to disclose their data-sharing practices to customers. Overall, Bill 119 s 809 aims to strike a balance between protecting individuals' privacy rights and ensuring that law enforcement agencies have the tools they need to investigate and prosecute financial crimes. The bill is currently under consideration in the US Congress, where it has garnered bipartisan support for its efforts to strengthen financial privacy protections.

Read the Full Bill

Formatted Text PDF Formatted XML

Current Status of Bill S 809

Bill S 809 is currently in the status of Bill Introduced since February 27, 2025. Bill S 809 was introduced during Congress 119 and was introduced to the Senate on February 27, 2025. Bill S 809's most recent activity was Read twice and referred to the Committee on Finance. as of February 27, 2025

Bipartisan Support of Bill S 809

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill S 809

Primary Policy Focus

Finance and Financial Sector

Alternate Title(s) of Bill S 809

A bill to amend the Right to Financial Privacy Act of 1978 to preserve the confidentiality of certain records, and for other purposes.A bill to amend the Right to Financial Privacy Act of 1978 to preserve the confidentiality of certain records, and for other purposes.

Start holding our government accountable!

Comments

Sponsors and Cosponsors of S 809

Mike Lee

Utah(Republican)

Rick Scott

Florida(Republican)

Latest Bills

A concurrent resolution supporting the goals and ideals of International Transgender Day of Visibility.

Bill SCONRES 11April 1, 2025

Authorizing the use of Emancipation Hall in the Capitol Visitor Center for a ceremony to present the Congressional Gold Medals awarded under the 'Six Triple Eight' Congressional Gold Medal Act of 2021.

Bill HCONRES 22April 1, 2025

Seniors’ Access to Critical Medications Act of 2025

Bill HR 2484April 1, 2025

Safe Vehicle Access for Survivors Act

Bill HR 2110April 1, 2025

A bill to amend the Federal Reserve Act to limit the ability of Federal Reserve banks to issue central bank digital currency.

Bill S 464February 7, 2025

No CBDC Act

Bill HR 1430March 18, 2025

To amend chapter 8 of title 5, United States Code, to provide that major rules of the executive branch shall have no force or effect unless a joint resolution of approval is enacted into law.

Bill HR 142January 16, 2025

Bank Privacy Reform Act

Bill HR 533February 13, 2025

A bill to require congressional approval for rules that are expected to cost not less than $50,000,000 annually, and for other purposes.

Bill S 368February 4, 2025