H.R. 1602

119th Congress

Reported

Financial Privacy Act of 2025

Sponsored byRepublican:Rep. Davidson, Warren [R-OH-8]OH· Introduced 26 February 2025
Open on Congress.gov

1

Cosponsors

8

Actions

0

Amendments

0

Committees

—

Since introduced

Introduced
Committee
Passed Chamber
Passed Both
Enacted
Step 1 of 0
Latest action

Placed on the Union Calendar, Calendar No. 14.

21 March 2025·1 year ago

Summary

Introduced in House · Updated 11 June 2025

Financial Privacy Act of 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.

Timeline

8 actions

  1. Reported (Amended) by the Committee on Financial Services. H. Rept. 119-24.

    21 March 2025 · Committee

  2. Reported (Amended) by the Committee on Financial Services. H. Rept. 119-24.

    21 March 2025 · Committee

  3. Placed on the Union Calendar, Calendar No. 14.

    21 March 2025 · Calendars

  4. Ordered to be Reported (Amended) by the Yeas and Nays: 48 - 0.

    5 March 2025 · Committee

  5. Committee Consideration and Mark-up Session Held

    5 March 2025 · Committee

  6. Referred to the House Committee on Financial Services.

    26 February 2025 · IntroReferral

  7. Introduced in House

    26 February 2025 · IntroReferral

  8. Introduced in House

    26 February 2025 · IntroReferral

Sponsorship

1 cosponsors

Sponsor

Republican:Rep. Davidson, Warren [R-OH-8]OH

Cosponsors

  • Democrat1100%

Classification

Policy area

Finance and Financial Sector

Legislative subjects

Congressional oversightCorporate finance and managementFraud offenses and financial crimesGovernment information and archivesGovernment studies and investigationsRight of privacy

Committees

Reports

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