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Bill > S3056


US S3056

US S3056
Prohibiting IRS Financial Surveillance Act


summary

Introduced
10/21/2021
In Committee
10/21/2021
Crossed Over
Passed
Dead
01/03/2023

Introduced Session

117th Congress

Bill Summary

A BILL To prohibit the implementation of new requirements to report bank account deposits and withdrawals.

AI Summary

This bill, the Prohibiting IRS Financial Surveillance Act, aims to prohibit the implementation of new requirements for financial institutions to report bank account deposits, withdrawals, balances, transactions, or similar information to the Treasury Department or its delegates. The bill specifies that financial institutions may only be required to report such information to the extent that such reporting is already required under any program or other provision of law in effect on the date of the bill's enactment.

Committee Categories

Housing and Urban Affairs

Sponsors (50)

Tim Scott (R)* John Barrasso (R),  Marsha Blackburn (R),  Roy Blunt (R),  John Boozman (R),  Mike Braun (R),  Richard Burr (R),  Shelley Moore Capito (R),  Bill Cassidy (R),  Susan Collins (R),  John Cornyn (R),  Tom Cotton (R),  Kevin Cramer (R),  Mike Crapo (R),  Ted Cruz (R),  Steve Daines (R),  Joni Ernst (R),  Deb Fischer (R),  Lindsey Graham (R),  Chuck Grassley (R),  Bill Hagerty (R),  Josh Hawley (R),  John Hoeven (R),  Cindy Hyde-Smith (R),  James Inhofe (R),  Ron Johnson (R),  John Neely Kennedy (R),  James Lankford (R),  Mike Lee (R),  Cynthia Lummis (R),  Roger Marshall (R),  Mitch McConnell (R),  Jerry Moran (R),  Lisa Murkowski (R),  Rand Paul (R),  Rob Portman (R),  Jim Risch (R),  Mitt Romney (R),  Mike Rounds (R),  Marco Rubio (R),  Ben Sasse (R),  Rick Scott (R),  Richard Shelby (R),  Dan Sullivan (R),  John Thune (R),  Thom Tillis (R),  Pat Toomey (R),  Tommy Tuberville (R),  Roger Wicker (R),  Todd Young (R), 

Last Action

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (on 10/21/2021)

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