Section 1 Short title
This Act may be cited as the “Prohibiting IRS Financial Surveillance Act”.
Prohibiting IRS Financial Surveillance Act
A BILL
To prohibit the implementation of new requirements to report bank account deposits and withdrawals.
Sec. 2 Prohibition on new requirements to report bank account deposits and withdrawals
In general— The Secretary of the Treasury (including any delegate of the Secretary) may not require any financial institution to report—
the inflows or outflows of any account maintained by such institution, or
any balances, transactions, transfers, or similar information with respect to any such account,
Effective date— The provisions of this section shall take effect on the day after the date of enactment of this Act.