3.0.0 1220 2024-10-21T17:23:35Z 2024-10-21T17:23:35Z House H HR 2023-02-27 118 [Congressional Record Volume 169, Number 37 (Monday, February 27, 2023)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. ROSE:H.R. 1220.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8The single subject of this legislation is:The single subject of this legislation is reforming theBank Secrecy Act[[Page H917]][Page H916]]]> hsba00 Financial Services Committee House Standing Referred to 2023-02-27T17:04:10Z Saving Privacy Act 118 5242 S 2024-09-25 Read twice and referred to the Committee on Homeland Security and Governmental Affairs. Related bill CRS 2023-02-27 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2023-02-27 Introduced in House IntroReferral Intro-H 9 Library of Congress 2023-02-27 Introduced in House IntroReferral 1000 9 Library of Congress R000612 Rep. Rose, John W. [R-TN-6] John Rose R TN W. 6 N S000250 Rep. Sessions, Pete [R-TX-17] PETE SESSIONS R TX 17 2023-02-27 True O000175 Rep. Ogles, Andrew [R-TN-5] Andrew Ogles R TN 5 2023-03-08 False S001214 Rep. Steube, W. Gregory [R-FL-17] W. Steube R FL Gregory 17 2024-03-07 False Finance and Financial Sector Finance and Financial Sector 2023-03-20T20:30:53Z 00 2023-02-27 Introduced in House 2023-05-09T14:33:57Z 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.

]]> Bank Privacy Reform Act Display Title 45 Bank Privacy Reform Act 2024-07-09T18:15:25Z Short Title(s) as Introduced 101 Bank Privacy Reform Act 2024-05-24T13:42:03Z Introduced in House IH Official Title as Introduced 6 To make reforms to the Bank Secrecy Act, and for other purposes. 2024-03-18T20:22:43Z Introduced in House IH Introduced in House 2023-02-27T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-118hr1220ih/xml/BILLS-118hr1220ih.xml 2023-02-27 Referred to the House Committee on Financial Services. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.