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S. 3056 117th Congress Senate

Prohibiting IRS Financial Surveillance Act

Official title: A bill to prohibit the implementation of new requirements to report bank account deposits and withdrawals.

Introduced: October 21, 2021 Introduced by: Tim Scott Republican · South Carolina See on congress.gov
Finance and Financial Sector
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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 21, 2021
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Oct 21, 2021
Introduced in Senate
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 Latest action October 21, 2021

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

 Plain-English summary Congressional Research Service

Prohibiting IRS Financial Surveillance Act

This bill prohibits the Department of the Treasury from requiring a financial institution to report the balances, transactions, or the transfers into and out of a financial account. This prohibition does not apply to laws or regulations in effect on the date of enactment.

 Related & companion bills 2
  • S 3455 Prohibiting IRS Financial Surveillance Act
  • HR 5586 Prohibiting IRS Financial Surveillance Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 42
All 42 Republican 39
R
Murkowski, Lisa
Alaska · Oct 26, 2021
 R
Cassidy, Bill
Louisiana · Oct 25, 2021
 R
Barrasso, John
Wyoming · Oct 21, 2021
 R
Blackburn, Marsha
Tennessee · Oct 21, 2021
Blunt, Roy
· Oct 21, 2021
 R
Boozman, John
Arkansas · Oct 21, 2021
Burr, Richard
· Oct 21, 2021
 R
Capito, Shelley Moore
West Virginia · Oct 21, 2021
 R
Collins, Susan M.
Maine · Oct 21, 2021
 R
Cornyn, John
Texas · Oct 21, 2021
 R
Cotton, Tom
Arkansas · Oct 21, 2021
 R
Cramer, Kevin
North Dakota · Oct 21, 2021
 R
Crapo, Mike
Idaho · Oct 21, 2021
 R
Cruz, Ted
Texas · Oct 21, 2021
 R
Daines, Steve
Montana · Oct 21, 2021
 R
Ernst, Joni
Iowa · Oct 21, 2021
 R
Fischer, Deb
Nebraska · Oct 21, 2021
 R
Graham, Lindsey
South Carolina · Oct 21, 2021
 R
Grassley, Chuck
Iowa · Oct 21, 2021
 R
Hagerty, Bill
Tennessee · Oct 21, 2021
 R
Hawley, Josh
Missouri · Oct 21, 2021
 R
Hoeven, John
North Dakota · Oct 21, 2021
 R
Hyde-Smith, Cindy
Mississippi · Oct 21, 2021
 R
Johnson, Ron
Wisconsin · Oct 21, 2021
 R
Kennedy, John
Louisiana · Oct 21, 2021
 R
Lankford, James
Oklahoma · Oct 21, 2021
 R
Lee, Mike
Utah · Oct 21, 2021
 R
Lummis, Cynthia M.
Wyoming · Oct 21, 2021
 R
Marshall, Roger
Kansas · Oct 21, 2021
 R
McConnell, Mitch
Kentucky · Oct 21, 2021
 R
Moran, Jerry
Kansas · Oct 21, 2021
 R
Paul, Rand
Kentucky · Oct 21, 2021
 R
Risch, James E.
Idaho · Oct 21, 2021
 R
Rounds, Mike
South Dakota · Oct 21, 2021
 R
Scott, Rick
Florida · Oct 21, 2021
 R
Sullivan, Dan
Alaska · Oct 21, 2021
 R
Thune, John
South Dakota · Oct 21, 2021
 R
Tillis, Thomas
North Carolina · Oct 21, 2021
Toomey, Patrick
· Oct 21, 2021
 R
Tuberville, Tommy
Alabama · Oct 21, 2021
 R
Wicker, Roger F.
Mississippi · Oct 21, 2021
 R
Young, Todd
Indiana · Oct 21, 2021
Cite this page click to expand
APA
U.S. Congress. (2026). S. 3056: Prohibiting IRS Financial Surveillance Act. 117th Congress. Open America. https://openamerica.io/bill/117-S-3056/
MLA
"S. 3056: Prohibiting IRS Financial Surveillance Act." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-S-3056/.
Bluebook (legal)
S. 3056, 117th Cong. (2026), https://openamerica.io/bill/117-S-3056/.
Markdown link
[S. 3056: Prohibiting IRS Financial Surveillance Act](https://openamerica.io/bill/117-S-3056/)
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