Banking Privacy Act of 2021

Bill: 117-hr-5475
Sponsor: full_name: Rep. Van Drew, Jefferson [R-NJ-2]
Introduced: 2021-09-30
Policy area: Finance and Financial Sector
Latest action: action_date: 2021-09-30
text: Referred to the House Committee on Financial Services.

Summaries:
action_date: 2021-09-30
action_desc: Introduced in House
text: <p><strong>Banking Privacy Act of 2021 </strong></p> <p>This bill prohibits the Department of the Treasury from implementing any new information reporting requirements for individuals or businesses regarding inflows or outflows of deposits or withdrawals regarding banking and other financial accounts. </p>

tv_txt: I 117th CONGRESS 1st Session H. R. 5475 IN THE HOUSE OF REPRESENTATIVES September 30, 2021 Mr. Van Drew introduced the following bill; which was referred to the Committee on Financial Services A BILL To prohibit the Secretary of the Treasury from implementing new information reporting requirements relating to inflows or outflows from individual and business bank and financial accounts.

1. Short title This Act may be cited as the Banking Privacy Act of 2021 . 2. Prohibition on new reporting requirements The Secretary of the Treasury may not implement any new information reporting requirements on inflows or outflows of deposits or withdrawals in individual and business banking and other financial accounts.