S 2953 · 117th Congress · Taxation

Protecting Financial Privacy Act of 2021

Introduced 2021-10-07· Sponsored by Sen. Tuberville, Tommy [R-AL]· Senate

Bill Progress

✓
Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Finance.(2021-10-07)

Plain Language Summary

[AI summary unavailable — showing source text] Protecting Financial Privacy Act of 2021 This bill prohibits the Internal Revenue Service from creating or implementing any new financial account reporting program that would require financial institutions to report data on financial accounts in an information return listing balances, transactions, transfers, or inflows or outflows of any kind, and that was not in effect as of October 1, 2021.…

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

Cosponsors (3)

3 Republicans
Sen. Scott, Rick [R-FL]FL
Sen. Braun, Mike [R-IN]IN
Sen. Scott, Tim [R-SC]SC