Financial Privacy Act of 2025 was reported by committee and awaits a floor vote
Written by the Congressional Research Service [2]. 114 words.
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.
- Committees
- House Financial Services Committee
- Policy area
- Finance and Financial Sector: 53 of 3,256 bills became law, 113th–118th (1.6%)
- Sponsor
- 0 of 126 bills enacted since 2013
- Text versions
- 2, from introduced in house to reported in house · 784 words
- Subjects
- Congressional oversightCorporate finance and managementFraud offenses and financial crimesGovernment information and archivesGovernment studies and investigationsRight of privacy
- Latest action
- Mar 21, 2025: Placed on the Union Calendar, Calendar No. 14.
- Records
- Congress.gov · Bill text
The bill status record lists no related bills.