To amend the Right to Financial Privacy Act of 1978 to preserve the confidentiality of certain records, 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 amend the Right to Financial Privacy Act of 1978 to preserve the confidentiality of certain records, and for other purposes., changes federal law or congressional policy affecting federal agencies and legislative administrators. The main policy domain is Government Operations, Finance, Labor.
Who Benefits and How
federal agencies and legislative administrators 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 may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.
Key Provisions
- Section S1: 1. Short title; table of contents This Act may be cited as the Saving Privacy Act. The table of contents for this Act is as follows:
- Section H83F806F335DF40AC94B24E9802FE6837: 101. 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 (12 U.S.C. 3402) to read...
- Section H5DE71351F08D4F4CB374544833318E63: 1102. Confidentiality of records—Government authorities Except as provided by subsection (c) or (d) of section 1103 or section 1113, no Government authority...
- Section H823921A7FF6B4B44B506C997BFC89252: 5311. Declaration of purpose It is the purpose of this subchapter to require financial institutions to retain transaction records that include information...
- Section id0adfe678351c487991c098c0615e6c32: 201. Warrant requirements and exceptions The Right to Financial Privacy Act of 1978 (12 U.S.C. 3401 et seq.) is amended— in section 1108 (12 U.S.C. 3408)— by...
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 amend the Right to Financial Privacy Act of 1978 to preserve the confidentiality of certain records, and for other purposes., changes federal law or congressional policy affecting federal agencies and legislative administrators.
Key Policy Areas
Government Operations, Finance, Labor
Primary Purpose
This bill, To amend the Right to Financial Privacy Act of 1978 to preserve the confidentiality of certain records, and for other purposes., changes federal law or congressional policy affecting federal agencies and legislative administrators.
Policy Domains
Whole bill
Identified Gains
- federal agencies and legislative administrators
Identified Costs
- federal implementing agencies
Sponsors
Mike Lee
R-UT | Primary Sponsor
Legislative Progress
IntroducedMr. Lee (for himself and Mr. Scott of Florida) introduced …
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_commission"
- → The commission identified in the operative section
- "the_administrator"
- → The Administrator identified in the operative section
- "secretary_of_treasury"
- → Secretary of the Treasury
Key Definitions
Terms defined in this bill
any rule that is not a major rule. The term rule has the meaning given the term in section 551, except that the term— includes interpretative rules, general statements of policy, and all other agency guidance documents
any rule that is not a major rule. The term rule has the meaning given the term in section 551, except that the term— includes interpretative rules, general statements of policy, and all other agency guidance documents
only a joint resolution addressing a report classifying a rule as major pursuant to section 801(a)(1)(A)(iii) that— bears no preamble
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.
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