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House bill · H.R. 533 (119th Congress)

Bank Privacy Reform Act

U.S. House of Representatives

Latest action Jan 16, 2025

Sponsor: John W. Rose (U.S. Representative, TN-6, Republican)

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From Congress.gov and official rosters. This record was last updated Jul 30, 2026. About our data

Summary

Bank Privacy Reform Act This bill eliminates provisions that require financial institutions to report certain financial information to specified government agencies. Currently, financial institutions are required to report certain financial transactions (e.g., transfers of over $10,000) for the purpose of detecting illicit activity, such as money laundering or the financing of terrorism. Under the bill, such records are only obtainable through a search warrant. The bill also eliminates reporting requirements related to the beneficial ownership of certain corporate entities.

Summary from the Congressional Research Service. How we handle summaries

Where it stands

Assigned to a committee for review.

  1. Introduced
  2. In committee
  3. Up for a vote
  4. Passed one chamber
  5. Passed
  6. Enacted

Committee

House Committee on Financial Services · U.S. House of Representatives

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Cosponsors

1

Cosponsors listed on Congress.gov, shown A to Z.

  • Republican1

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Related bills

As identified by Congress.gov.

Full history

  1. Jan 16, 2025

    Introduced

    Introduced in House

    U.S. House of Representatives

  2. Jan 16, 2025

    Introduced

    Introduced in U.S. House

    U.S. House

  3. Jan 16, 2025

    Referred to committee

    Referred to the House Committee on Financial Services.

    U.S. House of Representatives

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