Bank Privacy Reform Act
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Feb 27, 2023)
Bank Privacy Reform Act
This bill eliminates provisions that require financial institutions to report certain financial information to specified government agencies. Currently, financial institutions are required to report certain financial transactions for the purpose of detecting illicit activity, such as money laundering or the financing of terrorism. Under the bill, such records are only obtainable through a search warrant.
The bill also eliminates reporting requirements related to the beneficial ownership of certain corporate entities.
What just happenedFeb 27, 2023
Referred to the House Committee on Financial Services.
Who’s behind it
- Introduced in HouseFeb 27, 2023
- Feb 27, 2023IntroReferralH11100
Referred to the House Committee on Financial Services.
Financial Services Committee - Feb 27, 2023IntroReferralIntro-H
Introduced in House
- Feb 27, 2023IntroReferral1000
Introduced in House