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S. 2953 117th Congress Senate

Protecting Financial Privacy Act of 2021

Official title: A bill to prohibit the Internal Revenue Service from requiring financial institutions to report on the financial transactions of their customers.

Introduced: October 7, 2021 Introduced by: Tommy Tuberville Republican · Alabama See on congress.gov
Taxation
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 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
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 Latest action October 7, 2021

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service

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.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Republican 2
R
Scott, Tim
South Carolina · Oct 26, 2021
 R
Scott, Rick
Florida · Oct 7, 2021
Cite this page click to expand
APA
U.S. Congress. (2026). S. 2953: Protecting Financial Privacy Act of 2021. 117th Congress. Open America. https://openamerica.io/bill/117-S-2953/
MLA
"S. 2953: Protecting Financial Privacy Act of 2021." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-S-2953/.
Bluebook (legal)
S. 2953, 117th Cong. (2026), https://openamerica.io/bill/117-S-2953/.
Markdown link
[S. 2953: Protecting Financial Privacy Act of 2021](https://openamerica.io/bill/117-S-2953/)
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