118th Congress · SENATE BILLBILL

S. 453 — Prohibiting IRS Financial Surveillance Act

“A bill to prohibit the implementation of new requirements to report bank account deposits and withdrawals.”

Finance and financial sector
Introduced Feb 15, 2023
Last action Feb 15, 2023
Pipeline · Bill → Law
Step 1
Introduced
Feb 15, 2023
Step 2
Referred
Feb 15, 2023
Banking, Housing, and Urban Affairs
Step 3
Committee
Step 4
Senate
Step 5
House floor
Step 6
Resolve Changes
Step 7
Signed
SummaryCRS Summary

This bill prohibits the Department of the Treasury from requiring a financial institution to report on an account's balance, transactions, transfers, or similar information. This prohibition does not apply to laws or regulations in effect on the date of enactment.

Provisions · 2 sectionsIntroduced in Senate
Timeline · 2 actions
Feb 15, 2023
Introduced in Senate
Feb 15, 2023
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.