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H.R. 1602 119th Congress House

Financial Privacy Act of 2025

Official title: To require the Secretary of the Treasury to provide for greater transparency and protections with regard to Bank Secrecy Act reports, and for other purposes.

Introduced: February 26, 2025 Introduced by: Warren Davidson Republican · Ohio See on congress.gov
Finance and Financial Sector Congressional oversightCorporate finance and managementFraud offenses and financial crimesGovernment information and archives
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Government studies and investigationsRight of privacy
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 Everywhere this bill has been 6 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 21, 2025
Placed on the Union Calendar, Calendar No. 14.
Mar 21, 2025
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-24.
Mar 5, 2025
Ordered to be Reported (Amended) by the Yeas and Nays: 48 - 0.
Mar 5, 2025
Committee Consideration and Mark-up Session Held
Feb 26, 2025
Introduced in House
Feb 26, 2025
Referred to the House Committee on Financial Services.
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What's happening now March 21, 2025

Placed on the Union Calendar, Calendar No. 14.

 Plain-English summary Congressional Research Service

Financial Privacy Act of 2025

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.

 Hearings & markups 1
  • Various Measures
    Markup Mar 5, 2025 · 10:00 AM EST · Financial Services Committee
 Bill text 2 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Lobbying activity 22

Registered lobbyists who named this bill in their disclosure filings. Source: federal Lobbying Disclosure Act filings.

Bodies those filers lobbied

A filing lists the bills it worked on and the parts of government it contacted in separate sections, so these are the bodies those filers named anywhere in the filing, not a per-bill breakdown.

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 Cosponsors 1
All 1 Democratic 1
D
Himes, James A.
Connecticut · Feb 26, 2025
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1602: Financial Privacy Act of 2025. 119th Congress. Open America. https://openamerica.io/bill/119-HR-1602/
MLA
"H.R. 1602: Financial Privacy Act of 2025." 119th Congress, 2026, Open America, https://openamerica.io/bill/119-HR-1602/.
Bluebook (legal)
H.R. 1602, 119th Cong. (2026), https://openamerica.io/bill/119-HR-1602/.
Markdown link
[H.R. 1602: Financial Privacy Act of 2025](https://openamerica.io/bill/119-HR-1602/)
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