Protecting Financial Data: Banning Unauthorized Access to Treasury Payment Systems.
This Act aims to enhance the security of financial data by imposing penalties for unauthorized access to the central payment systems of the Bureau of the Fiscal Service. It prohibits access for specific federal employees and contractors who may have conflicts of interest or fail to meet ethical requirements. Crucially, the law allows harmed persons to file civil lawsuits against the responsible individuals, seeking damages of at least $250,000 per unauthorized access.
Key points
Establishes a ban on unauthorized access to Department of the Treasury payment systems (including Fiscal Service systems) for non-federal employees or contractors without sufficient tenure.
Restricts access to payment systems for certain federal employees and contractors who hold high-level positions in external entities or have conflicts of interest.
Persons harmed by a violation can file a civil action and recover damages of at least $250,000 for each instance of unauthorized access.
Prohibits the disclosure of tax returns and return information through Treasury payment systems to individuals subject to the new access restrictions.
Introduced
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