Protecting Financial Privacy Act of 2021
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Sep 30, 2021)
Protecting Financial Privacy Act of 2021
This bill prohibits a federal agency from creating, implementing, or administering a program that requires financial institutions or individuals to report on the balances of, transactions involving, or transfers into and out of financial accounts.
This prohibition does not apply to laws or regulations in effect on September 1, 2021, or to the Bank Secrecy Act (laws that require financial institutions and other entities to report on certain financial transactions to prevent money laundering, the financing of terrorism, and other criminal activity). This prohibition does apply, however, to regulations issued under the Bank Secrecy Act after September 1, 2021.
What just happenedSep 30, 2021
Referred to the House Committee on Financial Services.
Who’s behind it
- Introduced in HouseSep 30, 2021
- Sep 30, 2021IntroReferralH11100
Referred to the House Committee on Financial Services.
Financial Services Committee - Sep 30, 2021IntroReferralIntro-H
Introduced in House
- Sep 30, 2021IntroReferral1000
Introduced in House