Saving Privacy Act

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.