S 453 · 118th Congress · Finance and Financial Sector

Prohibiting IRS Financial Surveillance Act

Introduced 2023-02-15· 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.(2023-02-15)

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 on an account's balance, transactions, transfers, or similar information. 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. Barrasso, John [R-WY]WY
Sen. Braun, Mike [R-IN]IN
Sen. Cornyn, John [R-TX]TX
Sen. Cruz, Ted [R-TX]TX
Sen. Grassley, Chuck [R-IA]IA
Sen. Kennedy, John [R-LA]LA
Sen. Marshall, Roger [R-KS]KS
Sen. Rounds, Mike [R-SD]SD
Sen. Wicker, Roger F. [R-MS]MS
Sen. Blackburn, Marsha [R-TN]TN
Sen. Cassidy, Bill [R-LA]LA
Sen. Cotton, Tom [R-AR]AR
Sen. Daines, Steve [R-MT]MT
Sen. Hagerty, Bill [R-TN]TN
Sen. Lankford, James [R-OK]OK
Sen. Paul, Rand [R-KY]KY
Sen. Scott, Rick [R-FL]FL
Sen. Vance, J. D. [R-OH]OH
Sen. Boozman, John [R-AR]AR