118th Congress Finance and Financial Sector
H.R. 1220: Bank Privacy Reform Act
Introduced
- Introduced (completed)
- Passed House (not reached)
- Passed Senate (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
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 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.
Written by the Congressional Research Service, Library of Congress.
Roll calls
No roll call votes have been held on this bill.
Amendments
No amendments were offered to this bill.
Cosponsors
- Pete Sessions R-TXOriginal
- Andrew Ogles R-TN
- W. Steube R-FL
Who scored on this bill
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Other bills by John Rose
History
- Introduced in the House by John Rose.
Show the full action history (2 actions)
- Introduced in House
- Referred to the House Committee on Financial Services.