Politiparty
Politiparty

119th Congress Finance and Financial Sector

H.R. 1602: Financial Privacy Act of 2025

ReportedMar 21, 2025

  1. Introduced (completed)Feb 26, 2025
  2. Passed House (not reached)
  3. Passed Senate (not reached)
  4. To the President (not reached)
  5. Became law (not reached)

Summary

Introduced in House, Feb 26, 2025

This bill requires the Department of the Treasury to annually report to Congress details of reports made to the Financial Crimes Enforcement Network (FinCEN). FinCEN collects reports on suspicious financial transactions and the beneficial ownership of companies in order to detect financial crimes, including money laundering.

Under the bill, FinCEN must report on the number and types of reports and whether they are retained by FinCEN, any guidance regarding outside agency access to these reports, agency requests for these reports, and any denials of access to these reports.

Treasury must annually review access guidance and revise as appropriate to protect the legal rights of U.S persons, among other objectives.

Written by the Congressional Research Service, Library of Congress.

Roll calls

0 votes on this bill

No roll call votes have been held on this bill.

Amendments

0 offered

No amendments were offered to this bill.

Cosponsors

1

Bipartisan support.

Who scored on this bill

38 points earned
  1. 1Warren Davidson R-OH SponsorDrew cross-party cosponsors, introduced, marked up, reported4 events+38
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Other bills by Warren Davidson

History

  1. Feb 26, 2025Introduced in the House by Warren Davidson.
Show the full action history (6 actions)
  1. Mar 21, 2025Reported (Amended) by the Committee on Financial Services. H. Rept. 119-24.
  2. Mar 21, 2025Placed on the Union Calendar, Calendar No. 14.
  3. Mar 5, 2025Committee Consideration and Mark-up Session Held
  4. Mar 5, 2025Ordered to be Reported (Amended) by the Yeas and Nays: 48 - 0.
  5. Feb 26, 2025Introduced in House
  6. Feb 26, 2025Referred to the House Committee on Financial Services.