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US S3455

US S3455
Prohibiting IRS Financial Surveillance Act


summary

Introduced
01/10/2022
In Committee
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, known as the Prohibiting IRS Financial Surveillance Act, aims to prohibit the implementation of new requirements for financial institutions to report on bank account deposits, withdrawals, balances, transactions, transfers, or similar information. The bill states that the Secretary of the Treasury may not require any financial institution to report such information, except to the extent that such reporting is already required under any program or other provision of law as of the date of the bill's enactment. The provisions of the bill would take effect the day after it is enacted into law.

Sponsors (1)

Last Action

Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 235. (on 01/18/2022)

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