[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[S. 3455 Placed on Calendar Senate (PCS)]

<DOC>





                                                       Calendar No. 235
117th CONGRESS
  2d Session
                                S. 3455

   To prohibit the implementation of new requirements to report bank 
                   account deposits and withdrawals.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                            January 10, 2022

 Mr. Scott of South Carolina introduced the following bill; which was 
                          read the first time

                            January 18, 2022

            Read the second time and placed on the calendar

_______________________________________________________________________

                                 A BILL


 
   To prohibit the implementation of new requirements to report bank 
                   account deposits and withdrawals.

    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 ``Prohibiting IRS Financial 
Surveillance Act''.

SEC. 2. PROHIBITION ON NEW REQUIREMENTS TO REPORT BANK ACCOUNT DEPOSITS 
              AND WITHDRAWALS.

    (a) In General.--The Secretary of the Treasury (including any 
delegate of the Secretary) may not require any financial institution to 
report--
            (1) the inflows or outflows of any account maintained by 
        such institution, or
            (2) any balances, transactions, transfers, or similar 
        information with respect to any such account,
except to the extent that such reporting is required under any program, 
or other provision of law, as in effect on the date of the enactment of 
this Act.
    (b) Effective Date.--The provisions of this section shall take 
effect on the day after the date of enactment of this Act.
                                                       Calendar No. 235

117th CONGRESS

  2d Session

                                S. 3455

_______________________________________________________________________

                                 A BILL

   To prohibit the implementation of new requirements to report bank 
                   account deposits and withdrawals.

_______________________________________________________________________

                            January 18, 2022

            Read the second time and placed on the calendar