S 2953
117th Congress
Senate
Taxation
Protecting Financial Privacy Act of 2021
Introduced: October 7, 2021
Introduced by:
Tuberville, Tommy
Republican
· Alabama
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 7, 2021
Read twice and referred to the Committee on Finance.
Oct 7, 2021
Introduced in Senate
Plain-English summary
Protecting Financial Privacy Act of 2021
This bill prohibits the Internal Revenue Service from creating or implementing any new financial account reporting program that would require financial institutions to report data on financial accounts in an information return listing balances, transactions, transfers, or inflows or outflows of any kind, and that was not in effect as of October 1, 2021.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1