Prohibiting IRS Financial Surveillance Act

S. 453 · 118th Congress · Feb 15, 2023 · Lineage

A BILL

To prohibit the implementation of new requirements to report bank account deposits and withdrawals.

This Act may be cited as the “Prohibiting IRS Financial Surveillance Act”.

The Secretary of the Treasury (including any delegate of the Secretary) may not require any financial institution to report—

(1)

the inflows or outflows of any account maintained by such institution, or

(2)

any balances, transactions, transfers, or similar information with respect to any such account,

Lineage

Feb 15, 2023viewing Introduced in Senate Mr. Scott of South Carolina (for himself, Mr. Crapo, Mr. Barrasso, Mr. Braun, Mr. Cornyn, Mr. Cruz, Mr. Grassley, Mr. Kennedy, Mr. Marshall, Mr. Rounds, Mr. Wicker, Mrs. Blackburn, Mr. Cassidy, Mr. Cotton, Mr. Daines, Mr. Hagerty, Mr. Lankford, Mr. Paul, Mr. Scott of Florida, Mr. Vance, Mr. Boozman, Ms. Collins, Mr. Graham, Mr. Hoeven, Ms. Lummis, Mr. Risch, Mr. Young, Mr. Thune, Mr. Moran, Ms. Ernst, and Mr. Johnson) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs