Financial Privacy Act of 2025
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Finance and Financial Sector
Rep. Davidson, Warren [R-OH-8] (R) — OH
Summary
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.
Legislative subjects
Congressional oversight; Corporate finance and management; Finance and Financial Sector; Fraud offenses and financial crimes; Government information and archives; Government studies and investigations; Right of privacy
Latest action
Placed on the Union Calendar, Calendar No. 14.
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