3.0.0 809 2025-12-22T15:28:55Z 2025-12-22T15:28:55Z Senate S S 2025-02-27 119 https://www.congress.gov/bill/119th-congress/senate-bill/809 ssfi00 Finance Committee Senate Standing Referred To 2025-02-27T20:46:43Z 119 368 S 2025-02-03 Read twice and referred to the Committee on Homeland Security and Governmental Affairs. Related bill CRS 119 533 HR 2025-01-16 Referred to the House Committee on Financial Services. Related bill CRS 119 142 HR 2025-01-03 Referred to the Committee on the Judiciary, and in addition to the Committees on Rules, and the Budget, 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. Related bill CRS 119 464 S 2025-02-06 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Related bill CRS 119 1430 HR 2025-02-18 Referred to the House Committee on Financial Services. Related bill CRS 119 2155 HR 2025-03-14 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. Related bill CRS 2025-02-27 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2025-02-27 Introduced in Senate IntroReferral 10000 9 Library of Congress L000577 Sen. Lee, Mike [R-UT] Mike Lee R UT N S001217 Sen. Scott, Rick [R-FL] Rick Scott R FL 2025-02-27 True Finance and Financial Sector Finance and Financial Sector 2025-03-26T14:21:13Z

00 2025-02-27 Introduced in Senate 2025-12-18T22:35:57Z <p><strong>Saving Privacy Act</strong></p><p>This bill eliminates or restricts various financial reporting requirements and requires congressional approval for new and existing regulations issued by specified financial regulatory agencies.</p><p>Specifically, the bill eliminates provisions that require financial institutions to report certain financial information to federal agencies. Currently, financial institutions are required to report certain financial transactions (e.g., transfers of over $10,000) 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. Further, the bill generally prohibits the federal government from accessing an individual’s financial records without a warrant based on probable cause and establishes criminal penalties for violations.</p><p>Additionally, the bill requires congressional approval for major rules issued by specified financial regulatory agencies, including rules currently in effect.&nbsp;</p><p>The bill also eliminates or reduces reporting requirements applicable to (1) the beneficial ownership of certain corporate entities; (2) third-party settlement organizations (e.g., certain online platforms, apps, and card payment processors); and (3) the Consolidated Audit Trail (i.e., data collected by national securities exchanges to track securities market activity).</p><p>The bill generally prohibits federal agencies from issuing or using a central bank digital currency.</p><p>The bill prohibits federal agencies from restricting a person's use of convertible virtual currency for their own purposes or to conduct transactions through a self-hosted wallet. &nbsp;</p>

Display Title 45 2025-03-26T02:08:24Z Short Title(s) as Introduced 101 2025-03-26T02:08:20Z Introduced in Senate IS Official Title as Introduced 6 2025-03-26T02:04:03Z Introduced in Senate IS Introduced in Senate 2025-02-27T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-119s809is/xml/BILLS-119s809is.xml 2025-02-27 Read twice and referred to the Committee on Finance. 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.