[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[S. 453 Introduced in Senate (IS)]

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118th CONGRESS
  1st Session
                                 S. 453

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


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                           February 15, 2023

Mr. Scott of South Carolina (for himself, Mr. Crapo, Mr. Barrasso, Mr. 
 Braun, Mr. Cornyn, Mr. Cruz, Mr. Grassley, Mr. Kennedy, Mr. Marshall, 
 Mr. Rounds, Mr. Wicker, Mrs. Blackburn, Mr. Cassidy, Mr. Cotton, Mr. 
Daines, Mr. Hagerty, Mr. Lankford, Mr. Paul, Mr. Scott of Florida, Mr. 
 Vance, Mr. Boozman, Ms. Collins, Mr. Graham, Mr. Hoeven, Ms. Lummis, 
Mr. Risch, Mr. Young, Mr. Thune, Mr. Moran, Ms. Ernst, and Mr. Johnson) 
introduced the following bill; which was read twice and referred to the 
            Committee on Banking, Housing, and Urban Affairs

_______________________________________________________________________

                                 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.

    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.
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