Legis Daily

Bank Privacy Reform Act

USA117th CongressHR-9159| House 
| Updated: 10/7/2022
John W. Rose

John W. Rose

Republican Representative

Tennessee

Financial Services Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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.
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Timeline
Oct 7, 2022
Introduced in House
Oct 7, 2022
Referred to the House Committee on Financial Services.
  • October 7, 2022
    Introduced in House


  • October 7, 2022
    Referred to the House Committee on Financial Services.

Finance and Financial Sector

Bank Privacy Reform Act

USA117th CongressHR-9159| House 
| Updated: 10/7/2022
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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Oct 7, 2022
Introduced in House
Oct 7, 2022
Referred to the House Committee on Financial Services.
  • October 7, 2022
    Introduced in House


  • October 7, 2022
    Referred to the House Committee on Financial Services.
John W. Rose

John W. Rose

Republican Representative

Tennessee

Financial Services Committee

Finance and Financial Sector

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted