HOUSE 533119th CongressReferred to the Committee on Foreign Affairs, and in addition to the Committee on the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Reaffirming the importance of the United States promoting the safety, health, and well-being of refugees and displaced persons in the United States and around the world.

Last Action: 6/23/2025

Actions

2025-01-16Referred to the House Committee on Financial Services.
2025-01-16Introduced in House
2025-01-16Introduced in House

CRS Summary

As of 2025-01-16 (00)

Bank Privacy Reform Act

This bill eliminates provisions that require financial institutions to report certain financial information to specified government agencies. Currently, financial institutions are required to report certain financial transactions (e.g., transfers of over $10,000) for the purpose of detecting illicit activity, such as money laundering or the financing of terrorism. Under the bill, such records are only obtainable through a search warrant.

The bill also eliminates reporting requirements related to the beneficial ownership of certain corporate entities.

Cosponsors (1)

Andrew Ogles (R-TN)

Read on Congress.gov

Sourced from Congress.gov (public domain).

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