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Bank Privacy Reform Act

USA118th CongressHR-1220| House 
| Updated: 2/27/2023
John W. Rose

John W. Rose

Republican Representative

Tennessee

Cosponsors (3)
Andrew Ogles (Republican)Pete Sessions (Republican)W. Gregory Steube (Republican)

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

Bill from Previous Congress

HR 117-9159
Bank Privacy Reform Act
Feb 27, 2023
Introduced in House
Feb 27, 2023
Referred to the House Committee on Financial Services.
  • Bill from Previous Congress

    HR 117-9159
    Bank Privacy Reform Act


  • February 27, 2023
    Introduced in House


  • February 27, 2023
    Referred to the House Committee on Financial Services.

Finance and Financial Sector

Related Bills

  • S 118-5242: Saving Privacy Act

Bank Privacy Reform Act

USA118th CongressHR-1220| House 
| Updated: 2/27/2023
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.
View Full Text

Suggested Questions

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

Timeline

Bill from Previous Congress

HR 117-9159
Bank Privacy Reform Act
Feb 27, 2023
Introduced in House
Feb 27, 2023
Referred to the House Committee on Financial Services.
  • Bill from Previous Congress

    HR 117-9159
    Bank Privacy Reform Act


  • February 27, 2023
    Introduced in House


  • February 27, 2023
    Referred to the House Committee on Financial Services.
John W. Rose

John W. Rose

Republican Representative

Tennessee

Cosponsors (3)
Andrew Ogles (Republican)Pete Sessions (Republican)W. Gregory Steube (Republican)

Financial Services Committee

Finance and Financial Sector

Related Bills

  • S 118-5242: Saving Privacy Act
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted