Saving Privacy Act

Hozzl · 2025-03-31T14:10:39Z

Explore the details of House Bill 2155 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.

3/31/2025, 2:10 PM

Summary of Bill HR 2155

Bill 119 HR 2155, also known as the "Preserving Financial Privacy Act," aims to amend the Right to Financial Privacy Act of 1978 in order 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 law enforcement access to these records in cases of suspected criminal activity.

The main purpose of this bill is to strike a balance between protecting individuals' privacy rights and allowing for the investigation and prosecution of financial crimes. By preserving the confidentiality of certain financial records, the bill aims to prevent unauthorized access to sensitive information and safeguard individuals' personal and financial data.

In addition to preserving financial privacy, the bill also includes provisions for enhancing cybersecurity measures and improving data protection protocols. These measures are designed to prevent data breaches and unauthorized access to financial records, further ensuring the security and privacy of individuals' information. Overall, Bill 119 HR 2155 seeks to strengthen the protections afforded to individuals' financial information, while also providing law enforcement with the necessary tools to combat financial crimes. By striking a balance between privacy rights and law enforcement needs, the bill aims to promote financial security and protect individuals' personal data.

Current Status of Bill HR 2155

Bill HR 2155 is currently in the status of Bill Introduced since March 14, 2025. Bill HR 2155 was introduced during Congress 119 and was introduced to the House on March 14, 2025. Bill HR 2155's most recent activity was Referred to the Committee on Financial Services, and in addition to the Committees on the Judiciary, Rules, the Budget, and Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. as of March 14, 2025