[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5475 Introduced in House (IH)]

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117th CONGRESS
  1st Session
                                H. R. 5475

    To prohibit the Secretary of the Treasury from implementing new 
information reporting requirements relating to inflows or outflows from 
          individual and business bank and financial accounts.


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                    IN THE HOUSE OF REPRESENTATIVES

                           September 30, 2021

 Mr. Van Drew introduced the following bill; which was referred to the 
                    Committee on Financial Services

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                                 A BILL


 
    To prohibit the Secretary of the Treasury from implementing new 
information reporting requirements relating to inflows or outflows from 
          individual and business bank and financial accounts.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Banking Privacy Act of 2021''.

SEC. 2. PROHIBITION ON NEW REPORTING REQUIREMENTS.

    The Secretary of the Treasury may not implement any new information 
reporting requirements on inflows or outflows of deposits or 
withdrawals in individual and business banking and other financial 
accounts.
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