HR 5586 · 117th Congress · Finance and Financial Sector

Prohibiting IRS Financial Surveillance Act

Introduced 2021-10-15· Sponsored by Rep. Ferguson, A. Drew, IV [R-GA-3]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Financial Services.(2021-10-15)

Plain Language Summary

[AI summary unavailable — showing source text] Prohibiting IRS Financial Surveillance Act This bill prohibits the Department of the Treasury from requiring a financial institution to report the transfers into and out of a financial account. This prohibition does not apply to laws or regulations in effect on October 1, 2021.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (20)

20 Republicans
Rep. Brady, Kevin [R-TX-8]TX
Rep. Nunes, Devin [R-CA-22]CA
Rep. Buchanan, Vern [R-FL-16]FL
Rep. Smith, Adrian [R-NE-3]NE
Rep. Reed, Tom [R-NY-23]NY
Rep. Kelly, Mike [R-PA-16]PA
Rep. Smith, Jason [R-MO-8]MO
Rep. Rice, Tom [R-SC-7]SC
Rep. Schweikert, David [R-AZ-6]AZ
Rep. Walorski, Jackie [R-IN-2]IN
Rep. LaHood, Darin [R-IL-18]IL
Rep. Wenstrup, Brad R. [R-OH-2]OH
Rep. Arrington, Jodey C. [R-TX-19]TX
Rep. Estes, Ron [R-KS-4]KS
Rep. Smucker, Lloyd [R-PA-11]PA
Rep. Hern, Kevin [R-OK-1]OK
Rep. Miller, Carol D. [R-WV-3]WV
Rep. Williams, Roger [R-TX-25]TX
Rep. Steel, Michelle [R-CA-48]CA
Rep. Rouzer, David [R-NC-7]NC