S 3056 · 117th Congress · Finance and Financial Sector

Prohibiting IRS Financial Surveillance Act

Introduced 2021-10-21· Sponsored by Sen. Scott, Tim [R-SC]· Senate

Bill Progress

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Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.(2021-10-21)

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 balances, transactions, or the transfers into and out of a financial account. This prohibition does not apply to laws or regulations in effect on the date of enactment.…

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

Cosponsors (20)

20 Republicans
Sen. Crapo, Mike [R-ID]ID
Sen. Toomey, Patrick [R-PA]PA
Sen. McConnell, Mitch [R-KY]KY
Sen. Thune, John [R-SD]SD
Sen. Cornyn, John [R-TX]TX
Sen. Marshall, Roger [R-KS]KS
Sen. Tillis, Thomas [R-NC]NC
Sen. Lummis, Cynthia M. [R-WY]WY
Sen. Daines, Steve [R-MT]MT
Sen. Kennedy, John [R-LA]LA
Sen. Moran, Jerry [R-KS]KS
Sen. Cramer, Kevin [R-ND]ND
Sen. Shelby, Richard C. [R-AL]AL
Sen. Rounds, Mike [R-SD]SD
Sen. Grassley, Chuck [R-IA]IA
Sen. Burr, Richard [R-NC]NC
Sen. Barrasso, John [R-WY]WY
Sen. Young, Todd [R-IN]IN
Sen. Hoeven, John [R-ND]ND
Sen. Hyde-Smith, Cindy [R-MS]MS