‘‘CRIMINAL PENALTIES 
‘‘SEC. 1116A. (a) Except as provided in subsection 
(b), any agency or department of the United States or fi-
nancial institution knowingly obtaining or knowingly dis-
closing financial records or information contained therein 
in violation of this title shall be fined in any amount not 
exceeding $5,000, or imprisoned not more than 5 years, 
or both, together with the costs of prosecution, and if such 
offense is committed by any officer or employee of the 
United States, the officer or employee shall, in addition 
to any other punishment, be dismissed from office or dis-
charged from employment upon conviction for such of-
fense. 
‘‘(b) Any financial institution or agent or employee 
thereof making a disclosure of financial records pursuant 
to this title in good-faith reliance upon a certificate by any 
Government authority or pursuant to the provisions of sec-
tion 1113(l) shall not be subject to prosecution under sub-
section (a).’’. 
SEC. 602. CIVIL PENALTIES. 
Section 1117(a) of the Right to Financial Privacy Act 
of 1978 (12 U.S.C. 3417(a)) is amended by striking para-
graphs (1) through (4) and inserting the following: 
‘‘(1) not less than $1,000 per violation per day; 
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‘‘(2) reasonable attorney’s fees and litigation 
costs; and 
‘‘(3) compensatory damages.’’. 
SEC. 603. OTHER RELIEF. 
The Right to Financial Privacy Act of 1978 (12 
U.S.C. 3401 et seq.) is amended by inserting after section 
1118 (12 U.S.C. 3418) the following: 
‘‘OTHER RELIEF 
‘‘SEC. 1118A. In addition to any other remedy con-
tained in this title, a writ of mandamus and all other ap-
propriate relief, including any equitable or declaratory re-
lief, shall be available to require that the procedures of 
this title are complied with.’’. 
TITLE VII—STOPPING THE NOSY 
OBSESSION 
WITH 
ONLINE 
PAYMENTS 
SEC. 701. REPEAL OF MODIFICATION OF EXCEPTIONS FOR 
REPORTING 
OF 
THIRD 
PARTY 
NETWORK 
TRANSACTIONS. 
(a) IN GENERAL.—Section 6050W(e) of the Internal 
Revenue Code of 1986 is amended to read as follows: 
‘‘(e) EXCEPTION FOR DE MINIMIS PAYMENTS BY 
THIRD PARTY SETTLEMENT ORGANIZATIONS.—A third 
party settlement organization shall be required to report 
any information under subsection (a) with respect to third 
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party network transactions of any participating payee only 
if— 
‘‘(1) the amount which would otherwise be re-
ported under subsection (a)(2) with respect to such 
transactions exceeds $20,000, and 
‘‘(2) the aggregate number of such transactions 
exceeds 200.’’. 
(b) 
CONFORMING
AMENDMENT.—Section 
6050W(c)(3) of the Internal Revenue Code of 1986 is 
amended 
by 
striking 
‘‘described 
in 
subsection 
(d)(3)(A)(iii)’’. 
(c) EFFECTIVE DATE.— 
(1) IN
GENERAL.—The amendment made by 
subsection (a) shall apply to returns for calendar 
years beginning after December 31, 2021. 
(2) CLARIFICATION.—The amendment made by 
subsection (b) shall apply to transactions after the 
date of the enactment of the American Rescue Plan 
Act of 2021. 
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TITLE 
VIII—PROHIBITION 
ON 
RESTRICTIONS RELATING TO 
CONVERTIBLE VIRTUAL CUR-
RENCY 
SEC. 801. SHORT TITLE. 
This title may be cited as the ‘‘Keep Your Coins 
Act’’. 
SEC. 802. PROHIBITION ON RESTRICTING USE OF CON-
VERTIBLE VIRTUAL CURRENCY BY A PERSON 
TO PURCHASE GOODS OR SERVICES FOR THE 
PERSON’S OWN USE. 
(a) IN GENERAL.—No Federal agency head may pro-
hibit or otherwise restrict the ability of a covered user to— 
(1) use virtual currency or its equivalent for 
such user’s own purposes, such as to purchase real 
or virtual goods and services for the user’s own use; 
or 
(2) conduct transactions through a self-hosted 
wallet. 
(b) DEFINITIONS.—In this section: 
(1) CONVERTIBLE VIRTUAL CURRENCIES.—The 
term ‘‘convertible virtual currencies’’ means a me-
dium of exchange that— 
(A) has an equivalent value as currency (as 
defined in section 1010.100 of title 31, Code of 
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Federal Regulations (or successor regulations)); 
or 
(B) acts as a substitute for currency but 
may not possess all the attributes (including 
legal tender status) specified under such section 
1010.100. 
(2) COVERED USER.—The term ‘‘covered user’’ 
means a person that obtains convertible virtual cur-
rency to purchase goods or services on that person’s 
own behalf, without regard to the method in which 
such covered user obtained such convertible virtual 
currency. 
(3) SELF-HOSTED
WALLET.—The term ‘‘self- 
hosted wallet’’ means an interface— 
(A) used to secure and transfer convertible 
virtual currency; and 
(B) under which the owner of convertible 
virtual currency retains independent control 
over such convertible virtual currency that is se-
cured by such digital interface. 
Æ 
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