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Lee, Mike [R-UT]","UT","R","L000577","2025-12-22T15:28:55Z",[],"Senate",119,false,"Saving Privacy Act","2026-05-11T00:59:55.291Z",[],1,0,2,"s",[],[],"https:\u002F\u002Fwww.congress.gov\u002Fbill\u002F119th-congress\u002Fsenate-bill\u002F809","Finance and Financial Sector",{"date":6,"text":31},"Read twice and referred to the Committee on Finance.",809,"in_committee","A bill to amend the Right to Financial Privacy Act of 1978 to preserve the confidentiality of certain records, and for other purposes.","2026-05-22T14:52:04.027Z","finance and financial sector",[38,39,40,41,42,43,44,45,46,47,48,49,50,51,52,53,54,55,56,57,58,59,60,61,62,63,64,65,66,67,68,69,70,71,72,73,74,75,76,77,78,79,80,81,82,83,84,85,86,87,88,89,90,91,92,93,94,95,96,97,98,99,100,101,102,103,104,105,106,107,108,109,110,111,112,113,114,115,116,117,118,119,120,121,122,123,124,125],"saving","sa","sav","savi","savin","privacy","pr","pri","priv","priva","privac","act","bill","bi","bil","to","amend","am","ame","amen","the","right","ri","rig","righ","financial","fi","fin","fina","finan","financ","financi","financia","of","1978","19","197","preserve","pre","pres","prese","preser","preserv","confidentiality","co","con","conf","confi","confid","confide","confiden","confident","confidenti","confidentia","confidential","confidentiali","confidentialit","certain","ce","cer","cert","certa","certai","records","re","rec","reco","recor","record","and","for","other","ot","oth","othe","purposes","pu","pur","purp","purpo","purpos","purpose","sen","lee","mike","mi","mik","ut",[],true,[129],{"versionCode":130,"actionDate":6,"actionDesc":131,"text":132,"updateDate":133},"00","Introduced in Senate","\u003Cp>\u003Cstrong>Saving Privacy Act\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>This bill eliminates or restricts various financial reporting requirements and requires congressional approval for new and existing regulations issued by specified financial regulatory agencies.\u003C\u002Fp>\u003Cp>Specifically, the bill eliminates provisions that require financial institutions to report certain financial information to federal 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. Further, the bill generally prohibits the federal government from accessing an individual’s financial records without a warrant based on probable cause and establishes criminal penalties for violations.\u003C\u002Fp>\u003Cp>Additionally, the bill requires congressional approval for major rules issued by specified financial regulatory agencies, including rules currently in effect.&nbsp;\u003C\u002Fp>\u003Cp>The bill also eliminates or reduces reporting requirements applicable to (1) the beneficial ownership of certain corporate entities; (2) third-party settlement organizations (e.g., certain online platforms, apps, and card payment processors); and (3) the Consolidated Audit Trail (i.e., data collected by national securities exchanges to track securities market activity).\u003C\u002Fp>\u003Cp>The bill generally prohibits federal agencies from issuing or using a central bank digital currency.\u003C\u002Fp>\u003Cp>The bill prohibits federal agencies from restricting a person's use of convertible virtual currency for their own purposes or to conduct transactions through a self-hosted wallet. &nbsp;\u003C\u002Fp>","2025-12-18T22:35:57Z",[135],{"bioguideId":136,"fullName":137,"party":12,"state":138,"sponsorshipDate":6,"isOriginalCosponsor":127,"withdrawn":18,"sponsorshipWithdrawnDate":3},"S001217","Sen. Scott, Rick [R-FL]","FL",{"S001217":140},"rick-scott",[142,149],{"actionDate":6,"actionDateTime":3,"text":31,"type":143,"actionCode":3,"sourceSystem":144,"committees":145,"recordedVotes":3,"calendarNumber":3,"sequenceIndex":23,"isKeyMilestone":18},"IntroReferral",{"name":16},[146],{"name":147,"systemCode":148},"Finance Committee","ssfi00",{"actionDate":6,"actionDateTime":3,"text":131,"type":143,"actionCode":150,"sourceSystem":151,"committees":3,"recordedVotes":3,"calendarNumber":3,"sequenceIndex":22,"isKeyMilestone":127},"10000",{"code":152,"name":153},9,"Library of Congress",[],{},[],"mike-lee"]