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Increased Transparency and Protection for Citizens' Financial Data

This act aims to increase transparency in how government agencies collect and use citizens' financial data. It mandates regular reporting to Congress on the volume of data collected and how it is shared, intending to better protect privacy and individual rights.
Key points
The government will be required to annually report to Congress on the amount of citizens' financial data collected and its usage.
Government agencies must review and revise data access rules to better protect citizens' privacy and rights.
The act seeks to limit the collection of data not essential for combating crime, especially when it contains sensitive personal information.
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Status:
Expired
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Additional Information
Print number: 118_HR_5485
Sponsor: Rep. Hill, J. French [R-AR-2]
Process start date: 2023-09-14
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Financial Privacy Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_5485.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2023-09-14.

What are the main provisions?

Key points include:

  • The government will be required to annually report to Congress on the amount of citizens' financial data collected and its usage.
  • Government agencies must review and revise data access rules to better protect citizens' privacy and rights.
  • The act seeks to limit the collection of data not essential for combating crime, especially when it contains sensitive personal information.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Hill, J. French [R-AR-2].

What is the latest detailed status?

The latest detailed status is: Placed on the Union Calendar, Calendar No. 256.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

What is the impact of this bill?

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Courts and Law Security