United States · Bill · HR
H.R. 533 (119th)
Bank Privacy Reform Act
Introduced
16 January 2025
Last action
—
Status
Referred to the House Committee on Financial Services.
Sponsors
—
Subjects
Discovery layer
Source updated
15 April 2025
Summary
Bank Privacy Reform Act 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 (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. The bill also eliminates reporting requirements related to the beneficial ownership of certain corporate entities.
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Documents
2 official files
Introduced in House
Introduced in House
Introduced in House · EN · 16 January 2025
Introduced in House
summary · EN · 16 January 2025
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Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/119th-congress/house-bill/533
- Open data entity: https://api.congress.gov/v3/bill/119/hr/533