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HR 2155 · in committee · major

Saving Privacy Act

What this bill does

  • This bill eliminates financial reporting requirements that banks currently use to detect money laundering and terrorism financing.
  • Financial institutions, cryptocurrency users, and federal financial regulators are affected by these reporting restrictions.
  • Banks can only share customer financial records with warrant-backed requests, with criminal penalties for violations.

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Community Threads

Started by Cosponsor

  1. 01

    How would eliminating banks' current money laundering detection reporting requirements affect federal agencies' ability to identify terrorism financing and financial crimes?

  2. 02

    What trade-offs exist between strengthening customer privacy protections through warrant requirements and reducing banks' capacity to flag suspicious financial activity?

  3. 03

    Which financial institutions and sectors would face the greatest operational changes if banks can no longer share customer records without court-issued warrants?

Cosponsor writes these to seed civic discussion — they aren't user posts. Sign in to reply.

Sponsor · R-TN-5

Andrew Ogles

Citizen cosponsors

0

In Congress

0/ 435

House Reps cosponsoring

Introduced 2025-03-14

Legislative timeline

  1. 2025-03-14 · house · IntroReferral

    Referred to the Committee on Financial Services, and in addition to the Committees on the Judiciary, Rules, the Budget, and Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

  2. 2025-03-14 · house · IntroReferral

    Referred to the Committee on Financial Services, and in addition to the Committees on the Judiciary, Rules, the Budget, and Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

  3. 2025-03-14 · house · IntroReferral

    Referred to the Committee on Financial Services, and in addition to the Committees on the Judiciary, Rules, the Budget, and Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

  4. 2025-03-14 · house · IntroReferral

    Referred to the Committee on Financial Services, and in addition to the Committees on the Judiciary, Rules, the Budget, and Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

  5. 2025-03-14 · house · IntroReferral

    Referred to the Committee on Financial Services, and in addition to the Committees on the Judiciary, Rules, the Budget, and Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

  6. 2025-03-14 · IntroReferral

    Introduced in House

  7. 2025-03-14 · IntroReferral

    Introduced in House

Congress.gov ↗

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