Bank Privacy Reform Act
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Oct 7, 2022)
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 happenedOct 7, 2022
Referred to the House Committee on Financial Services.
Who’s behind it
- Introduced in HouseOct 7, 2022
- Oct 7, 2022IntroReferralH11100
Referred to the House Committee on Financial Services.
Financial Services Committee - Oct 7, 2022IntroReferralIntro-H
Introduced in House
- Oct 7, 2022IntroReferral1000
Introduced in House