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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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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
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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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.

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