Banking Privacy Act: Prohibiting New Financial Reporting Requirements
This bill aims to protect the financial privacy of citizens and businesses. If passed, the government would be prohibited from implementing new requirements for reporting inflows and outflows from individual and business bank accounts. This means your daily banking transactions would not be subject to new, additional reporting obligations for the government.
Key points
Prohibits new reporting requirements for individual and business bank transactions.
Protects financial privacy by limiting government access to detailed account flow data.
Status:
Expired
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