To make reforms to the Bank Secrecy Act, and for other purposes.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
This bill, To make reforms to the Bank Secrecy Act, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers. The main policy domain is Finance, Government Operations, Environment.
Who Benefits and How
financial institutions, investors, and borrowers may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.
Who Bears the Burden and How
federal implementing agencies, financial institutions, investors, and borrowers may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.
Key Provisions
- Section H8EF67C492ED14CD3B9E3F32F8C78B46F: 1. Short title This Act may be cited as the Bank Privacy Reform Act.
- Section H0FD1D7C6417E4B3D996B913B70D7F495: 2. Bank Secrecy Act reforms The Right to Financial Privacy Act of 1978 (12 U.S.C. 3401 et seq.) is amended— by amending section 1102 to read as follows: Except...
- Section HD4803B87F60840EEA4524E45FE6F562B: 1102. Confidentiality of records—Government authorities Except as provided by subsection (c) or (d) of section 1103 or section 1113, no Government authority...
- Section HFA99C62076F04260A1F74517EA55EA53: 5311. Declaration of purpose It is the purpose of this subchapter to require financial institutions to retain transaction records that include information...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
This bill, To make reforms to the Bank Secrecy Act, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Key Policy Areas
Finance, Government Operations, Environment
Primary Purpose
This bill, To make reforms to the Bank Secrecy Act, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Policy Domains
Whole bill
Identified Gains
- financial institutions, investors, and borrowers
Identified Costs
- federal implementing agencies
- financial institutions, investors, and borrowers
Sponsors
John W. Rose
R-TN | Primary Sponsor
Legislative Progress
IntroducedMr. Rose (for himself and Mr. Ogles) introduced the following …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "the_secretary"
- → The Secretary identified in the operative section
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology