Limits government access to your bank info and blocks a federal digital currency.
This bill would make it harder for the government to get your financial information from banks without a search warrant. It would also stop the government from creating a digital currency. Plus, it would require Congress to approve major new rules from certain federal agencies.
Today, government agencies have several ways to get your financial records from banks without a search warrant. Banks also report many types of transactions to the government. Federal agencies can issue major new rules without direct Congressional approval. After this bill, government agencies would generally need a search warrant for your bank records. Many bank reporting requirements would end, and major new federal rules would need a vote of approval from Congress.
S 809 · 119th Congress · February 27, 2025 · AI Summary by gemini-2.5-flash · 10/10
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2 filings mentioned this bill
Amounts reflect total quarterly lobbying spend reported to the Senate, not bill-specific spending. Source: Senate LDA filings.