HR 1602 ยท Financial Privacy Act of 2025
Placed on the Union Calendar, Calendar No. 14.
- Introduced
- Feb 26, 2025
- Latest action
- Mar 21, 2025
- Sponsor
- Rep. Warren Davidson [R-OH-8]
- Policy area
- Finance and Financial Sector
- Cosponsors
- 1
Summary
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.
Recent actions
- Mar 21, 2025 Placed on the Union Calendar, Calendar No. 14.
- Mar 21, 2025 Reported (Amended) by the Committee on Financial Services. H. Rept. 119-24.
- Mar 21, 2025 Reported (Amended) by the Committee on Financial Services. H. Rept. 119-24.
- Mar 5, 2025 Ordered to be Reported (Amended) by the Yeas and Nays: 48 - 0.
- Mar 5, 2025 Committee Consideration and Mark-up Session Held
- Feb 26, 2025 Referred to the House Committee on Financial Services.
- Feb 26, 2025 Introduced in House
- Feb 26, 2025 Introduced in House
Votes
No recorded votes are available for this bill.