Bill > HR9159

This bill, the Bank Privacy Reform Act, aims to make reforms to the Bank Secrecy Act. The key provisions include: 1) Amending the Right to Financial Privacy Act of 1978 to require the government to obtain a search warrant to access financial records, and removing certain other disclosure requirements; 2) Amending Title 31 of the U.S. Code to remove various reporting requirements for financial institutions, such as the requirement to report cash transactions over $10,000 and maintain records on foreign financial accounts; and 3) Updating the penalty provisions related to violations of the Bank Secrecy Act.