Financial Privacy Act of 2025
Introduced Feb 26, 2025 by Rep. Warren Davidson
It's waiting on a committee vote to reach the full chamber. Most bills never leave this stage.
This bill requires the Department of the Treasury to annually report to Congress details of reports made to the Financial Crimes Enforcement Network (FinCEN). FinCEN collects reports on suspicious financial transactions and the beneficial ownership of companies in order to detect financial crimes, including money laundering.
Under the bill, FinCEN must report on the number and types of reports and whether they are retained by FinCEN, any guidance regarding outside agency access to these reports, agency requests for these reports, and any denials of access to these reports.
Treasury must annually review access guidance and revise as appropriate to protect the legal rights of U.S persons, among other objectives.
Summary by the Congressional Research Service.
No floor votes yet — it hasn't reached the floor of either chamber.