Bill > HR9115

This bill aims to extend certain authorities related to foreign intelligence gathering and introduce new restrictions and penalties. Specifically, it proposes to extend the expiration date for Title VII of the Foreign Intelligence Surveillance Act of 1978 (FISA), which governs certain foreign intelligence collection activities, from June 12, 2026, to June 12, 2029. A significant provision requires the Federal Bureau of Investigation (FBI) to obtain a warrant based on probable cause before ingesting unminimized communications of U.S. persons acquired under Section 702 of FISA into its analytical systems, unless the targeted individual is already part of a national security investigation or is a foreign power or agent of a foreign power. The bill also establishes new criminal penalties for unauthorized disclosure or retention of classified communications acquired under Title VII involving U.S. persons, unauthorized queries of U.S. person data, and falsifying information provided to the Foreign Intelligence Surveillance Court (FISC). Additionally, it mandates new procedures for congressional access to FISC proceedings and requires the Attorney General to revoke and reissue procedures for such access, while also directing the Government Accountability Office (GAO) to audit the targeting procedures used under Section 702 of FISA to ensure they are limited to non-U.S. persons outside the United States. Finally, the bill includes a provision prohibiting the Federal Reserve from issuing a central bank digital currency, defined as a digital asset denominated in U.S. dollars, a direct liability of the Federal Reserve, and widely available to the public, unless specifically authorized by Congress, with this prohibition set to expire on December 31, 2031.