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HR 1602119th CongressIntroduced

Financial Privacy Act of 2025

Introduced: Feb 26, 2025
Standard Summary
Comprehensive overview in 1-2 paragraphs

Requires greater transparency and protections for Bank Secrecy Act reports while establishing oversight protocols for government access to financial data.

Key Points

  • 1Requires annual reports to Congress on BSA report volumes and usage
  • 2Establishes protocols for agency access to FinCEN data
  • 3Requires annual review and revision of access protocols
  • 4Provides congressional access to protocols and changes
  • 5Includes 7-year sunset provision
  • 6Enhances privacy protections for financial reporting data

Impact Areas

Financial institutionsTreasury DepartmentFinCENLaw enforcement and intelligence agenciesCongressional oversight committees
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